Alim Dhanji Sells 1,762 Shares of TD SYNNEX (NYSE:SNX) Stock

Key Points

• Alim Dhanji, an insider at TD SYNNEX, sold 1,762 shares on October 21st for approximately $272,317, resulting in an 11.60% decrease in their ownership of the stock.
• TD SYNNEX reported a quarterly EPS of $2.74, missing analysts' expectations of $3.05, but revenue increased by 6.6% year-over-year to $15.65 billion.
• The company announced a quarterly dividend of $0.44, with a yield of 1.2%, to be paid on October 31st to shareholders of record as of October 17th.

TD SYNNEX Corporation (NYSE:SNX - Get Free Report) insider Alim Dhanji sold 1,762 shares of the company's stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $154.55, for a total value of $272,317.10. Following the completion of the transaction, the insider directly owned 13,426 shares in the company, valued at approximately $2,074,988.30. This represents a 11.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

TD SYNNEX Price Performance

SNX traded down $2.96 during trading on Wednesday, hitting $151.02. 594,553 shares of the stock traded hands, compared to its average volume of 787,229. TD SYNNEX Corporation has a twelve month low of $92.23 and a twelve month high of $167.76. The company has a market cap of $12.30 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 1.19 and a beta of 1.43. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.20 and a quick ratio of 0.71. The business has a 50 day moving average price of $152.80 and a 200 day moving average price of $135.48.

TD SYNNEX (NYSE:SNX - Get Free Report) last announced its quarterly earnings results on Thursday, September 25th. The business services provider reported $2.74 EPS for the quarter, missing analysts' consensus estimates of $3.05 by ($0.31). TD SYNNEX had a net margin of 1.27% and a return on equity of 12.13%. The firm had revenue of $15.65 billion for the quarter, compared to analyst estimates of $15.11 billion. During the same period in the previous year, the business posted $2.86 earnings per share. The business's revenue for the quarter was up 6.6% compared to the same quarter last year. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. Equities research analysts forecast that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, October 17th. TD SYNNEX's payout ratio is presently 19.09%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Voya Investment Management LLC increased its holdings in shares of TD SYNNEX by 27.4% in the 1st quarter. Voya Investment Management LLC now owns 33,490 shares of the business services provider's stock worth $3,482,000 after purchasing an additional 7,212 shares in the last quarter. CX Institutional grew its holdings in TD SYNNEX by 28.9% during the second quarter. CX Institutional now owns 15,434 shares of the business services provider's stock valued at $2,094,000 after purchasing an additional 3,457 shares during the period. Envestnet Asset Management Inc. grew its holdings in TD SYNNEX by 36.5% during the first quarter. Envestnet Asset Management Inc. now owns 75,778 shares of the business services provider's stock valued at $7,878,000 after purchasing an additional 20,280 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of TD SYNNEX by 3.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,252 shares of the business services provider's stock valued at $754,000 after acquiring an additional 244 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its position in shares of TD SYNNEX by 11.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,361 shares of the business services provider's stock valued at $765,000 after acquiring an additional 785 shares in the last quarter. Hedge funds and other institutional investors own 84.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on SNX shares. The Goldman Sachs Group raised their price objective on TD SYNNEX from $145.00 to $164.00 and gave the company a "buy" rating in a research note on Thursday, September 25th. Raymond James Financial set a $175.00 price objective on TD SYNNEX in a research report on Thursday, September 25th. Barrington Research boosted their price objective on TD SYNNEX from $156.00 to $182.00 and gave the stock an "outperform" rating in a research report on Monday, September 29th. Royal Bank Of Canada boosted their price objective on TD SYNNEX from $165.00 to $180.00 and gave the company an "outperform" rating in a research note on Friday, September 26th. Finally, Morgan Stanley boosted their price objective on TD SYNNEX from $173.00 to $181.00 and gave the company an "overweight" rating in a research note on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $169.55.

TD SYNNEX Company Profile

TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem. The company offers personal computing devices and peripherals, mobile phones and accessories, printers, supplies, and endpoint technology software; and data center technologies, such as hybrid cloud, security, storage, networking, servers, technology software, and converged and hyper-converged infrastructure, as well as computing components.

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