TD SYNNEX (NYSE:SNX) Director Ann Vezina Sells 1,273 Shares

TD SYNNEX Corporation (NYSE:SNX) Director Ann Vezina sold 1,273 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $256.05, for a total transaction of $325,951.65. Following the completion of the sale, the director directly owned 5,828 shares in the company, valued at approximately $1,492,259.40. The trade was a 17.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

TD SYNNEX Stock Performance

NYSE:SNX traded up $3.81 during mid-day trading on Friday, hitting $255.93. The stock had a trading volume of 551,728 shares, compared to its average volume of 825,902. TD SYNNEX Corporation has a twelve month low of $139.23 and a twelve month high of $296.47. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.64 and a current ratio of 1.20. The stock has a market cap of $20.46 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 0.70 and a beta of 1.43. The company’s 50 day simple moving average is $260.23 and its 200 day simple moving average is $208.75.

TD SYNNEX (NYSE:SNX) last announced its quarterly earnings results on Thursday, June 25th. The business services provider reported $4.85 earnings per share for the quarter, topping analysts’ consensus estimates of $4.14 by $0.71. TD SYNNEX had a return on equity of 15.37% and a net margin of 1.63%.The firm had revenue of $19.57 billion for the quarter, compared to the consensus estimate of $16.80 billion. During the same quarter in the previous year, the business earned $2.99 earnings per share. The business’s revenue was up 31.0% compared to the same quarter last year. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. On average, equities research analysts forecast that TD SYNNEX Corporation will post 18.01 earnings per share for the current year.

TD SYNNEX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, July 17th. TD SYNNEX’s dividend payout ratio is 13.74%.

Hedge Funds Weigh In On TD SYNNEX

Several institutional investors and hedge funds have recently modified their holdings of SNX. Taylor & Morgan Wealth Management LLC acquired a new stake in TD SYNNEX in the 2nd quarter worth about $280,000. Revolve Wealth Partners LLC acquired a new position in shares of TD SYNNEX during the 2nd quarter worth approximately $1,127,000. Oliver Luxxe Assets LLC bought a new position in shares of TD SYNNEX during the second quarter worth approximately $5,728,000. Baron Wealth Management LLC bought a new position in shares of TD SYNNEX during the second quarter worth approximately $288,000. Finally, GAMMA Investing LLC raised its position in shares of TD SYNNEX by 18.5% in the second quarter. GAMMA Investing LLC now owns 1,690 shares of the business services provider’s stock valued at $452,000 after buying an additional 264 shares in the last quarter. 84.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SNX. Barclays lifted their price objective on shares of TD SYNNEX from $237.00 to $278.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 2nd. Royal Bank Of Canada set a $340.00 target price on shares of TD SYNNEX in a research note on Friday, June 26th. Weiss Ratings downgraded shares of TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, June 17th. The Goldman Sachs Group set a $330.00 price target on shares of TD SYNNEX in a research note on Friday, June 26th. Finally, Zacks Research raised shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $294.67.

TD SYNNEX Company Profile

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the information technology industry. Formed in September 2021 through the merger of Tech Data and SYNNEX Corporation, the company provides a comprehensive range of products, services and solutions that span hardware, software, cloud, mobility, security and data center technologies. TD SYNNEX partners with vendors, resellers and system integrators to design, deploy and support IT infrastructures across diverse market segments, including commercial enterprises, public sector organizations and retail operations.

The company’s core business activities include the distribution of technology products from manufacturers such as servers, storage, networking equipment and peripherals, as well as the resale and provisioning of software licenses and cloud-based solutions.