TD SYNNEX Corporation $SNX Stock Sold by Vise Technologies Inc.

Vise Technologies Inc. trimmed its stake in shares of TD SYNNEX Corporation (NYSE:SNX) by 10.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 36,193 shares of the business services provider’s stock after selling 4,297 shares during the quarter. Vise Technologies Inc.’s holdings in TD SYNNEX were worth $9,296,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new position in TD SYNNEX during the 2nd quarter worth approximately $1,958,683,000. Ninety One UK Ltd boosted its position in shares of TD SYNNEX by 9.8% in the third quarter. Ninety One UK Ltd now owns 1,810,800 shares of the business services provider’s stock worth $465,104,000 after buying an additional 162,116 shares during the period. Principal Financial Group Inc. boosted its position in shares of TD SYNNEX by 8.1% in the first quarter. Principal Financial Group Inc. now owns 684,004 shares of the business services provider’s stock worth $115,406,000 after buying an additional 51,303 shares during the period. Sei Investments Co. grew its holdings in shares of TD SYNNEX by 41.9% during the first quarter. Sei Investments Co. now owns 620,366 shares of the business services provider’s stock valued at $104,661,000 after buying an additional 183,185 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of TD SYNNEX during the second quarter valued at $149,728,000. Hedge funds and other institutional investors own 84.00% of the company’s stock.

TD SYNNEX Price Performance

SNX opened at $236.81 on Monday. The stock has a market cap of $18.89 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 0.47 and a beta of 1.37. TD SYNNEX Corporation has a 1 year low of $142.22 and a 1 year high of $298.77. The company has a current ratio of 1.19, a quick ratio of 0.64 and a debt-to-equity ratio of 0.39. The stock has a fifty day moving average price of $260.67 and a 200 day moving average price of $225.55.

TD SYNNEX (NYSE:SNX) last issued its earnings results on Thursday, September 24th. The business services provider reported $5.68 earnings per share for the quarter, topping the consensus estimate of $4.70 by $0.98. TD SYNNEX had a return on equity of 16.78% and a net margin of 1.75%. The company had revenue of $21.56 billion for the quarter, compared to analyst estimates of $18.91 billion. During the same period in the prior year, the firm posted $3.58 EPS. The business’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. Analysts forecast that TD SYNNEX Corporation will post 20.35 EPS for the current fiscal year.

TD SYNNEX Announces Dividend

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

Insider Buying and Selling

In other TD SYNNEX news, insider Alim Dhanji sold 3,775 shares of TD SYNNEX stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of $241.01, for a total value of $909,812.75. Following the completion of the sale, the insider directly owned 11,712 shares in the company, valued at $2,822,709.12. The trade was a 24.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard T. Hume sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $262.21, for a total transaction of $1,311,050.00. Following the completion of the sale, the director directly owned 13,537 shares of the company’s stock, valued at $3,549,536.77. This represents a 26.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SNX shares. Morgan Stanley increased their price objective on TD SYNNEX from $334.00 to $359.00 and gave the stock an “overweight” rating in a research note on Friday, September 25th. Barclays lifted their target price on TD SYNNEX from $278.00 to $287.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 8th. Zacks Research upgraded TD SYNNEX from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 29th. Weiss Ratings lowered shares of TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, October 23rd. Finally, UBS Group raised their price target on shares of TD SYNNEX from $352.00 to $379.00 and gave the stock a “buy” rating in a report on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, TD SYNNEX has a consensus rating of “Buy” and a consensus price target of $331.14.

About TD SYNNEX

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.