Ceredex Value Advisors LLC Sells 69,250 Shares of TD SYNNEX Corporation $SNX

Ceredex Value Advisors LLC lowered its stake in TD SYNNEX Corporation (NYSE:SNX) by 20.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 264,100 shares of the business services provider’s stock after selling 69,250 shares during the period. Ceredex Value Advisors LLC’s holdings in TD SYNNEX were worth $43,246,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Root Financial Partners LLC bought a new stake in shares of TD SYNNEX during the third quarter worth approximately $42,000. MAI Capital Management increased its stake in shares of TD SYNNEX by 90.2% during the second quarter. MAI Capital Management now owns 428 shares of the business services provider’s stock worth $58,000 after purchasing an additional 203 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in TD SYNNEX by 17.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 852 shares of the business services provider’s stock worth $116,000 after purchasing an additional 126 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in TD SYNNEX by 10.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 775 shares of the business services provider’s stock valued at $127,000 after purchasing an additional 74 shares during the period. Finally, Hantz Financial Services Inc. grew its holdings in TD SYNNEX by 93.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 861 shares of the business services provider’s stock valued at $141,000 after buying an additional 416 shares in the last quarter. 84.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Richard T. Hume sold 25,000 shares of the stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $160.67, for a total value of $4,016,750.00. Following the completion of the sale, the director directly owned 47,515 shares in the company, valued at $7,634,235.05. This represents a 34.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Merline Saintil sold 167 shares of TD SYNNEX stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $157.75, for a total value of $26,344.25. Following the transaction, the director directly owned 6,995 shares in the company, valued at $1,103,461.25. The trade was a 2.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 80,915 shares of company stock valued at $13,111,786. Insiders own 0.70% of the company’s stock.

TD SYNNEX Price Performance

TD SYNNEX stock opened at $155.71 on Tuesday. The stock has a 50-day moving average price of $157.08 and a two-hundred day moving average price of $154.39. TD SYNNEX Corporation has a 12 month low of $92.23 and a 12 month high of $175.56. The company has a market capitalization of $12.55 billion, a PE ratio of 15.62, a P/E/G ratio of 1.12 and a beta of 1.37. The company has a current ratio of 1.21, a quick ratio of 0.75 and a debt-to-equity ratio of 0.43.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings data 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. The company had revenue of $17.38 billion during the quarter, compared to the consensus estimate of $15.46 billion. TD SYNNEX had a return on equity of 12.60% and a net margin of 1.32%.The firm’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.09 earnings per share. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. Analysts expect that TD SYNNEX Corporation will post 11.88 EPS for the current year.

TD SYNNEX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Friday, January 16th. This is an increase from TD SYNNEX’s previous quarterly dividend of $0.44. This represents a $1.92 annualized dividend and a dividend yield of 1.2%. TD SYNNEX’s payout ratio is 19.26%.

Wall Street Analyst Weigh In

Several research firms have weighed in on SNX. Royal Bank Of Canada reiterated an “outperform” rating on shares of TD SYNNEX in a research report on Monday, December 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of TD SYNNEX in a research note on Wednesday, January 21st. Morgan Stanley reduced their target price on TD SYNNEX from $177.00 to $172.00 and set an “overweight” rating on the stock in a report on Friday, January 9th. Barrington Research restated an “outperform” rating and issued a $182.00 price target on shares of TD SYNNEX in a research report on Friday, January 9th. Finally, Wall Street Zen upgraded shares of TD SYNNEX from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, TD SYNNEX presently has a consensus rating of “Moderate Buy” and a consensus price target of $170.64.

TD SYNNEX 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.