5,495 Shares in TD SYNNEX Corporation $SNX Bought by Fig Financial Advisory Services Inc. ADV

Key Points

• Fig Financial Advisory Services purchased 5,495 TD SYNNEX shares worth approximately $1.41 million during the third quarter, while institutional investors collectively own 84% of the company.
• TD SYNNEX reported strong quarterly results, with earnings per share of $5.68 beating estimates by $0.98 and revenue rising 37.7% year over year to $21.56 billion.
• Shares opened at $271.01 after declining 2.6%; analysts maintain a consensus “Buy” rating with an average price target of $331.14. The company also declared a quarterly dividend of $0.48 per share.

Fig Financial Advisory Services Inc. ADV purchased a new position in shares of TD SYNNEX Corporation (NYSE:SNX - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,495 shares of the business services provider's stock, valued at approximately $1,411,000.

A number of other institutional investors have also recently bought and sold shares of SNX. BlackRock Inc. purchased a new stake in shares of TD SYNNEX during the 2nd quarter worth approximately $1,958,683,000. Metropolis Capital Ltd lifted its holdings in shares of TD SYNNEX by 9.5% in the first quarter. Metropolis Capital Ltd now owns 1,281,307 shares of the business services provider's stock worth $216,169,000 after buying an additional 111,222 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in TD SYNNEX by 8.1% in the 1st quarter. Principal Financial Group Inc. now owns 684,004 shares of the business services provider's stock valued at $115,406,000 after purchasing an additional 51,303 shares during the period. Sei Investments Co. boosted its stake in 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 during the period. Finally, Bank of New York Mellon Corp bought a new stake in shares of TD SYNNEX during the 2nd quarter valued at about $149,728,000. Institutional investors own 84.00% of the company's stock.

Insider Buying and Selling at TD SYNNEX

In other news, Director Ann Vezina sold 1,273 shares of the firm's stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $256.05, for a total value of $325,951.65. Following the completion of the sale, the director directly owned 5,828 shares of the company's stock, valued at approximately $1,492,259.40. This trade represents a 17.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard Hume sold 5,000 shares of TD SYNNEX stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $262.21, for a total transaction of $1,311,050.00. Following the sale, the director directly owned 13,537 shares in the company, valued at $3,549,536.77. The trade was a 26.97% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.70% of the stock is currently owned by corporate insiders.

TD SYNNEX Stock Down 2.6%

NYSE SNX opened at $271.01 on Thursday. The business's 50-day moving average is $260.94 and its 200 day moving average is $244.42. The stock has a market capitalization of $21.62 billion, a PE ratio of 16.51, a PEG ratio of 0.64 and a beta of 1.37. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.19 and a quick ratio of 0.64. TD SYNNEX Corporation has a 1 year low of $142.22 and a 1 year high of $298.77.

TD SYNNEX (NYSE:SNX - Get Free Report) last posted its earnings results 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. The firm had revenue of $21.56 billion for the quarter, compared to analysts' expectations of $18.91 billion. TD SYNNEX had a return on equity of 16.78% and a net margin of 1.75%.The business's revenue was up 37.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.58 earnings per share. TD SYNNEX has set its Q4 2026 guidance at 5.650-6.150 EPS. Sell-side analysts forecast that TD SYNNEX Corporation will post 19.89 earnings per share for the current year.

TD SYNNEX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be issued a $0.48 dividend. The ex-dividend date is Friday, October 16th. This represents a $1.92 annualized dividend and a yield of 0.7%. TD SYNNEX's dividend payout ratio is 11.70%.

Analyst Ratings Changes

SNX has been the topic of several recent research reports. Weiss Ratings reiterated a "buy (b)" rating on shares of TD SYNNEX in a research report on Monday, September 14th. Zacks Research upgraded TD SYNNEX from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, September 29th. Barclays lifted their price target on TD SYNNEX from $278.00 to $287.00 and gave the stock an "equal weight" rating in a research note on Tuesday, September 8th. Barrington Research boosted their price objective on TD SYNNEX from $202.00 to $325.00 and gave the company an "outperform" rating in a research report on Friday, June 26th. Finally, Morgan Stanley increased their price objective on TD SYNNEX from $334.00 to $359.00 and gave the company an "overweight" rating in a research note on Friday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, TD SYNNEX has a consensus rating of "Buy" and an average target price of $331.14.

TD SYNNEX Profile

TD SYNNEX Corporation is a global technology distributor and solutions aggregator that connects technology vendors with resellers, systems integrators, managed service providers and other channel partners. The company helps bring hardware, software and cloud-based solutions to market while supporting partners with sales, marketing, logistics, financing and technical services.

Its portfolio includes data center and networking equipment, personal computing and endpoint devices, software, cybersecurity products, cloud services, unified communications, mobility solutions and emerging technologies.

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