Barrington Research Lifts Earnings Estimates for TD SYNNEX

Key Points

• Barrington Research has increased its FY2025 EPS estimates for TD SYNNEX from $11.63 to $12.53, maintaining an "Outperform" rating with a price target of $182.00.
• Several investment firms, including UBS and JPMorgan, have raised their price targets for TD SYNNEX, with the average consensus target now at $169.55.
• TD SYNNEX announced a quarterly dividend of $0.44 per share, with an annualized yield of 1.1%, to be paid on October 31st.

TD SYNNEX Corporation (NYSE:SNX - Free Report) - Investment analysts at Barrington Research boosted their FY2025 EPS estimates for TD SYNNEX in a research note issued to investors on Monday, September 29th. Barrington Research analyst V. Colicchio now anticipates that the business services provider will earn $12.53 per share for the year, up from their prior estimate of $11.63. Barrington Research currently has a "Outperform" rating and a $182.00 price objective on the stock. The consensus estimate for TD SYNNEX's current full-year earnings is $11.88 per share. Barrington Research also issued estimates for TD SYNNEX's Q4 2025 earnings at $3.59 EPS and FY2026 earnings at $13.80 EPS.

SNX has been the subject of a number of other research reports. UBS Group upped their price objective on shares of TD SYNNEX from $154.00 to $187.00 and gave the stock a "buy" rating in a research report on Monday. JPMorgan Chase & Co. upped their price target on shares of TD SYNNEX from $143.00 to $160.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Royal Bank Of Canada upped their price target on shares of TD SYNNEX from $165.00 to $180.00 and gave the stock an "outperform" rating in a research report on Friday, September 26th. Wall Street Zen upgraded shares of TD SYNNEX from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Finally, Raymond James Financial set a $175.00 price target on shares of TD SYNNEX in a research report on Thursday, September 25th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, TD SYNNEX has an average rating of "Moderate Buy" and a consensus target price of $169.55.

TD SYNNEX Trading Up 0.4%

Shares of TD SYNNEX stock opened at $164.40 on Thursday. The firm has a 50-day simple moving average of $149.64 and a two-hundred day simple moving average of $131.51. The company has a market cap of $13.56 billion, a P/E ratio of 17.83, a price-to-earnings-growth ratio of 1.33 and a beta of 1.43. TD SYNNEX has a fifty-two week low of $92.23 and a fifty-two week high of $167.76. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.71 and a current ratio of 1.20.

TD SYNNEX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Friday, October 17th. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. TD SYNNEX's dividend payout ratio is 19.09%.

Insider Activity

In other news, insider Alim Dhanji sold 1,257 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $142.41, for a total value of $179,009.37. Following the completion of the sale, the insider owned 10,984 shares of the company's stock, valued at $1,564,231.44. This represents a 10.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Marshall Witt sold 861 shares of the stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $149.84, for a total transaction of $129,012.24. Following the completion of the sale, the chief financial officer directly owned 49,777 shares of the company's stock, valued at approximately $7,458,585.68. This trade represents a 1.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,930 shares of company stock valued at $430,163 in the last 90 days. Company insiders own 1.00% of the company's stock.

Hedge Funds Weigh In On TD SYNNEX

Hedge funds have recently made changes to their positions in the stock. Voya Investment Management LLC boosted its position in shares of TD SYNNEX by 27.4% during 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 during the period. CX Institutional boosted its position in shares of TD SYNNEX by 28.9% during the 2nd quarter. CX Institutional now owns 15,434 shares of the business services provider's stock worth $2,094,000 after purchasing an additional 3,457 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of TD SYNNEX by 36.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 75,778 shares of the business services provider's stock worth $7,878,000 after purchasing an additional 20,280 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of TD SYNNEX by 3.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,252 shares of the business services provider's stock worth $754,000 after purchasing an additional 244 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of TD SYNNEX by 11.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,361 shares of the business services provider's stock worth $765,000 after purchasing an additional 785 shares during the period. Hedge funds and other institutional investors own 84.00% of the company's stock.

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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