Insider Selling: TD SYNNEX (NYSE:SNX) Insider Sells 3,775 Shares of Stock

Key Points

• TD SYNNEX insider Alim Dhanji sold 3,775 shares at an average price of $241.01, totaling approximately $909,813. The sale reduced his direct holdings by 24.38% to 11,712 shares.
• TD SYNNEX reported a strong quarter, with earnings of $5.68 per share and revenue of $21.56 billion, exceeding analyst estimates; revenue increased 37.7% year over year.
• The company declared a quarterly dividend of $0.48 per share, equivalent to a $1.92 annualized payout and a 0.8% yield. Analysts maintained a generally positive outlook, with an average “Buy” rating and a $331.14 price target.

TD SYNNEX Corporation (NYSE:SNX - Get Free Report) insider Alim Dhanji sold 3,775 shares of TD SYNNEX stock in a transaction on Thursday, October 22nd. The stock was sold at an average price of $241.01, for a total transaction of $909,812.75. Following the transaction, the insider directly owned 11,712 shares of the company's stock, valued at $2,822,709.12. This represents a 24.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

TD SYNNEX Trading Up 0.1%

SNX traded up $0.27 during trading on Friday, reaching $247.35. 709,890 shares of the stock traded hands, compared to its average volume of 819,840. The company has a quick ratio of 0.64, a current ratio of 1.19 and a debt-to-equity ratio of 0.39. The stock's 50-day moving average is $261.63 and its 200 day moving average is $251.52. TD SYNNEX Corporation has a 12 month low of $142.22 and a 12 month high of $298.77. The stock has a market capitalization of $19.73 billion, a PE ratio of 15.07, a P/E/G ratio of 0.50 and a beta of 1.37.

TD SYNNEX (NYSE:SNX - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $21.56 billion during 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 business's quarterly revenue was up 37.7% on a year-over-year basis. During the same period last year, the company posted $3.58 EPS. TD SYNNEX has set its Q4 2026 guidance at 5.650-6.150 EPS. Equities analysts anticipate that TD SYNNEX Corporation will post 20.35 earnings per share for the current year.

TD SYNNEX Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SNX. Wedbush Securities Inc. increased its holdings in shares of TD SYNNEX by 21.6% during the third quarter. Wedbush Securities Inc. now owns 913 shares of the business services provider's stock valued at $234,000 after acquiring an additional 162 shares in the last quarter. Yousif Capital Management LLC raised its position in shares of TD SYNNEX by 1.9% during the third quarter. Yousif Capital Management LLC now owns 22,672 shares of the business services provider's stock worth $5,823,000 after purchasing an additional 420 shares during the period. MBL Wealth LLC bought a new position in shares of TD SYNNEX in the 3rd quarter worth $310,000. SBI Securities Co. Ltd. lifted its holdings in shares of TD SYNNEX by 116.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 117 shares of the business services provider's stock worth $30,000 after purchasing an additional 63 shares in the last quarter. Finally, Vest Financial LLC lifted its holdings in shares of TD SYNNEX by 8.5% in the 3rd quarter. Vest Financial LLC now owns 25,754 shares of the business services provider's stock worth $6,615,000 after purchasing an additional 2,009 shares in the last quarter. Institutional investors own 84.00% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SNX. Weiss Ratings raised shares of TD SYNNEX from a "buy (b)" rating to a "buy (b+)" rating in a research report on Thursday, October 8th. Morgan Stanley boosted their target price on shares of TD SYNNEX from $334.00 to $359.00 and gave the company an "overweight" rating in a research report on Friday, September 25th. The Goldman Sachs Group set a $330.00 target price on shares of TD SYNNEX in a research note on Friday, June 26th. Barclays raised their price target on shares of TD SYNNEX from $278.00 to $287.00 and gave the stock an "equal weight" rating in a report on Tuesday, September 8th. Finally, Barrington Research lifted their price target on shares of TD SYNNEX from $202.00 to $325.00 and gave the company an "outperform" rating in a research note on Friday, June 26th. One equities research 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 stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average 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.

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