8,128 TD SYNNEX Corporation $SNX Shares Sold by State of Wyoming

State of Wyoming decreased its stake in shares of TD SYNNEX Corporation (NYSE:SNX) by 64.3% during the third quarter, HoldingsChannel reports. The firm owned 4,509 shares of the business services provider’s stock after selling 8,128 shares during the quarter. State of Wyoming’s holdings in TD SYNNEX were worth $1,158,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bell Investment Advisors Inc purchased a new stake in TD SYNNEX in the second quarter valued at approximately $27,000. Fiduciary Financial Advisors purchased a new position in TD SYNNEX during the 2nd quarter worth approximately $28,000. SBI Securities Co. Ltd. lifted its stake in TD SYNNEX by 116.7% during the 3rd quarter. SBI Securities Co. Ltd. now owns 117 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 63 shares during the period. Essential Partners LLC lifted its stake in TD SYNNEX by 644.4% during the 1st quarter. Essential Partners LLC now owns 201 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 174 shares during the period. Finally, Compass Financial Management LLC acquired a new stake in TD SYNNEX during the 2nd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Insider Transactions at TD SYNNEX

In related news, Director Richard Hume sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $262.21, for a total value of $1,311,050.00. Following the transaction, the director directly owned 13,537 shares of the company’s stock, valued at approximately $3,549,536.77. This trade represents a 26.97% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alim Dhanji sold 3,775 shares of TD SYNNEX stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $241.01, for a total value of $909,812.75. Following the completion of the sale, the insider owned 11,712 shares in the company, valued at approximately $2,822,709.12. The trade was a 24.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.70% of the company’s stock.

TD SYNNEX Price Performance

Shares of NYSE SNX opened at $236.81 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.64 and a current ratio of 1.19. The firm has a fifty day moving average of $260.67 and a 200 day moving average of $225.55. The firm has a market cap of $18.89 billion, a PE ratio of 14.43, a PEG ratio of 0.51 and a beta of 1.37. TD SYNNEX Corporation has a one year low of $142.22 and a one year high of $298.77.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings data on Thursday, September 24th. The business services provider reported $5.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.70 by $0.98. TD SYNNEX had a net margin of 1.75% and a return on equity of 16.78%. The business had revenue of $21.56 billion for the quarter, compared to the consensus estimate of $18.91 billion. During the same period last year, the firm posted $3.58 earnings per share. The company’s revenue was up 37.7% compared to the same quarter last year. TD SYNNEX has set its Q4 2026 guidance at 5.650-6.150 EPS. As a group, research analysts predict that TD SYNNEX Corporation will post 20.35 EPS for the current fiscal year.

TD SYNNEX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Friday, October 16th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, October 16th. TD SYNNEX’s dividend payout ratio is 11.70%.

Wall Street Analyst Weigh In

SNX has been the topic of several recent research reports. UBS Group upped their price objective on shares of TD SYNNEX from $352.00 to $379.00 and gave the company a “buy” rating in a report on Friday, September 25th. Weiss Ratings cut shares of TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, October 23rd. Barclays boosted their target price on shares of TD SYNNEX from $278.00 to $287.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 8th. Morgan Stanley upped their price target on shares of TD SYNNEX from $334.00 to $359.00 and gave the company an “overweight” rating in a report on Friday, September 25th. Finally, Zacks Research raised shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $331.14.

TD SYNNEX Profile

TD SYNNEX Corporation (NYSE: SNX) is a global technology distributor and solutions aggregator. The company connects technology vendors with resellers, systems integrators, managed service providers, retailers and other channel partners, helping them market, sell, deploy and support technology products and services.

Its offerings include personal computing and endpoint devices, servers, data-center and networking equipment, software, cloud solutions, cybersecurity products, and related professional and managed services.