TD SYNNEX Corporation $SNX Stock: Robeco Institutional Asset Management B.V. Boosts Holdings

Robeco Institutional Asset Management B.V. raised its stake in shares of TD SYNNEX Corporation (NYSE:SNX - Free Report) by 57.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 58,294 shares of the business services provider's stock after purchasing an additional 21,344 shares during the period. Robeco Institutional Asset Management B.V. owned 0.07% of TD SYNNEX worth $14,973,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in TD SYNNEX in the second quarter valued at approximately $1,958,683,000. Ninety One UK Ltd increased its position in TD SYNNEX by 9.8% during the 3rd quarter. Ninety One UK Ltd now owns 1,810,800 shares of the business services provider's stock valued at $465,104,000 after purchasing an additional 162,116 shares during the period. Metropolis Capital Ltd raised its holdings in TD SYNNEX by 9.5% during the 1st quarter. Metropolis Capital Ltd now owns 1,281,307 shares of the business services provider's stock worth $216,169,000 after purchasing an additional 111,222 shares during the last quarter. Bank of New York Mellon Corp bought a new position in TD SYNNEX during the 2nd quarter worth approximately $149,728,000. Finally, Principal Financial Group Inc. raised its holdings in TD SYNNEX by 8.1% during the 1st quarter. Principal Financial Group Inc. now owns 684,004 shares of the business services provider's stock worth $115,406,000 after purchasing an additional 51,303 shares during the last quarter. 84.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SNX has been the topic of a number of recent analyst reports. UBS Group boosted their price target on shares of TD SYNNEX from $352.00 to $379.00 and gave the stock a "buy" rating in a research report on Friday, September 25th. Morgan Stanley increased their price objective on shares of TD SYNNEX from $334.00 to $359.00 and gave the stock an "overweight" rating in a research report on Friday, September 25th. Barrington Research increased their price objective on shares of TD SYNNEX from $202.00 to $325.00 and gave the stock an "outperform" rating in a research report on Friday, June 26th. Barclays lifted their target price on shares of TD SYNNEX from $278.00 to $287.00 and gave the stock an "equal weight" rating in a research note on Tuesday, September 8th. Finally, Zacks Research upgraded shares of TD SYNNEX from a "hold" rating to a "strong-buy" rating in a report on Tuesday, September 29th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $331.14.

TD SYNNEX Trading Up 0.1%

NYSE SNX opened at $247.35 on Friday. The stock has a market capitalization of $19.73 billion, a P/E ratio of 15.07, a P/E/G ratio of 0.49 and a beta of 1.37. The business has a 50 day simple moving average of $261.40 and a 200 day simple moving average of $251.50. 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 one year low of $142.22 and a one year high of $298.77.

TD SYNNEX (NYSE:SNX - Get Free Report) last issued its quarterly 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 analyst estimates of $18.91 billion. TD SYNNEX had a return on equity of 16.78% and a net margin of 1.75%. The company'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. Research analysts expect that TD SYNNEX Corporation will post 20.35 earnings per share for the current year.

TD SYNNEX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be paid a $0.48 dividend. The ex-dividend date is Friday, October 16th. This represents a $1.92 annualized dividend and a dividend yield of 0.8%. TD SYNNEX's payout ratio is currently 11.70%.

Insider Activity at TD SYNNEX

In related news, insider Alim Dhanji sold 3,775 shares of the business's stock in a transaction on Thursday, October 22nd. The shares were sold at an average price of $241.01, for a total transaction of $909,812.75. Following the transaction, the insider owned 11,712 shares in the company, valued at $2,822,709.12. The trade was a 24.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard Hume sold 5,000 shares of the stock in a transaction 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 transaction, the director directly owned 13,537 shares in the company, valued at approximately $3,549,536.77. This represents a 26.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 10,048 shares of company stock worth $2,546,814 in the last quarter. Company insiders own 0.70% of the company's stock.

TD SYNNEX Company 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.

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