TD SYNNEX (NYSE:SNX) CEO Patrick Zammit Sells 13,900 Shares

TD SYNNEX Corporation (NYSE:SNX) CEO Patrick Zammit sold 13,900 shares of the business’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $171.57, for a total transaction of $2,384,823.00. Following the completion of the sale, the chief executive officer owned 170,928 shares in the company, valued at $29,326,116.96. This represents a 7.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

TD SYNNEX Price Performance

SNX stock traded up $0.50 during trading on Monday, hitting $171.88. 588,371 shares of the company’s stock traded hands, compared to its average volume of 919,996. TD SYNNEX Corporation has a 52 week low of $92.23 and a 52 week high of $173.33. The stock has a market capitalization of $13.86 billion, a price-to-earnings ratio of 17.24, a P/E/G ratio of 1.23 and a beta of 1.38. The business has a fifty day simple moving average of $154.12 and a 200 day simple moving average of $152.26. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.75 and a current ratio of 1.21.

TD SYNNEX (NYSE:SNX) last announced its earnings results on Thursday, January 8th. The business services provider reported $3.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.15. TD SYNNEX had a net margin of 1.32% and a return on equity of 12.60%. The firm had revenue of $17.38 billion for the quarter, compared to analysts’ expectations of $15.46 billion. During the same period in the prior year, the company earned $3.09 EPS. The business’s revenue was up 9.7% compared to the same quarter last year. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. As a group, research analysts expect that TD SYNNEX Corporation will post 11.88 EPS for the current fiscal year.

TD SYNNEX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 16th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.1%. This is a boost from TD SYNNEX’s previous quarterly dividend of $0.44. The ex-dividend date was Friday, January 16th. TD SYNNEX’s dividend payout ratio (DPR) is currently 19.26%.

Hedge Funds Weigh In On TD SYNNEX

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Federated Hermes Inc. grew its holdings in TD SYNNEX by 1.8% in the second quarter. Federated Hermes Inc. now owns 215,390 shares of the business services provider’s stock worth $29,228,000 after purchasing an additional 3,736 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of TD SYNNEX by 7.7% in the third quarter. Thrivent Financial for Lutherans now owns 992,779 shares of the business services provider’s stock valued at $162,568,000 after purchasing an additional 71,249 shares during the period. Leith Wheeler Investment Counsel Ltd. purchased a new position in TD SYNNEX during the 2nd quarter worth approximately $3,452,000. Curbstone Financial Management Corp purchased a new position in shares of TD SYNNEX during the second quarter worth $400,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of TD SYNNEX by 16.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 331,743 shares of the business services provider’s stock valued at $54,535,000 after buying an additional 46,713 shares during the period. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Analyst Upgrades and Downgrades

SNX has been the topic of several recent research reports. Royal Bank Of Canada restated an “outperform” rating on shares of TD SYNNEX in a report on Monday, December 22nd. Wall Street Zen raised shares of TD SYNNEX from a “hold” rating to a “buy” rating in a research note on Monday, February 2nd. Weiss Ratings restated a “buy (b-)” rating on shares of TD SYNNEX in a report on Wednesday, January 21st. Barrington Research reiterated an “outperform” rating and set a $182.00 price target on shares of TD SYNNEX in a report on Friday, January 9th. Finally, Barclays reduced their price objective on shares of TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating on the stock in a research report on Friday, January 9th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, TD SYNNEX has a consensus rating of “Moderate Buy” and a consensus price target of $170.64.

About TD SYNNEX

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.