TD SYNNEX (NYSE:SNX) CFO Marshall Witt Sells 861 Shares

Key Points

• Marshall Witt, CFO of TD SYNNEX, sold 861 shares at an average price of $149.84, reducing his ownership by 1.70% to 49,777 shares.
• TD SYNNEX experienced a 1.5% rise in stock price, reaching $150.69, amidst a trading volume significantly above its average.
• The company declared a quarterly dividend of $0.44 per share, with a current payout ratio of 20.56% and an annualized dividend yield of 1.2%.

TD SYNNEX Corporation (NYSE:SNX - Get Free Report) CFO Marshall Witt sold 861 shares of TD SYNNEX stock in a transaction 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 transaction, the chief financial officer directly owned 49,777 shares in the company, valued at $7,458,585.68. The trade was a 1.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

TD SYNNEX Stock Performance

Shares of TD SYNNEX stock traded down $0.48 during trading on Friday, reaching $150.29. The company's stock had a trading volume of 1,854,686 shares, compared to its average volume of 649,264. The company has a current ratio of 1.26, a quick ratio of 0.75 and a debt-to-equity ratio of 0.45. The firm has a market cap of $12.39 billion, a PE ratio of 17.56, a P/E/G ratio of 1.22 and a beta of 1.35. The company has a 50-day moving average price of $147.05 and a two-hundred day moving average price of $129.80. TD SYNNEX Corporation has a fifty-two week low of $92.23 and a fifty-two week high of $154.44.

TD SYNNEX (NYSE:SNX - Get Free Report) last announced its quarterly earnings data on Tuesday, June 24th. The business services provider reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $0.28. The company had revenue of $14.95 billion for the quarter, compared to analysts' expectations of $14.30 billion. TD SYNNEX had a net margin of 1.21% and a return on equity of 11.58%. TD SYNNEX's revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.73 EPS. TD SYNNEX has set its Q3 2025 guidance at 2.750-3.250 EPS. On average, analysts forecast that TD SYNNEX Corporation will post 11.88 EPS for the current year.

TD SYNNEX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, July 11th. TD SYNNEX's payout ratio is currently 20.56%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Bank of America boosted their price objective on shares of TD SYNNEX from $156.00 to $170.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Wall Street Zen raised shares of TD SYNNEX from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Royal Bank Of Canada upped their price target on shares of TD SYNNEX from $145.00 to $165.00 and gave the stock an "outperform" rating in a research note on Friday, August 22nd. Barclays set a $140.00 price objective on shares of TD SYNNEX in a research report on Tuesday, June 24th. Finally, Morgan Stanley boosted their price objective on shares of TD SYNNEX from $155.00 to $173.00 and gave the stock an "overweight" rating in a research report on Thursday. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $153.10.

Institutional Investors Weigh In On TD SYNNEX

Several large investors have recently made changes to their positions in SNX. Crossmark Global Holdings Inc. grew its stake in TD SYNNEX by 1.6% in the first quarter. Crossmark Global Holdings Inc. now owns 6,063 shares of the business services provider's stock valued at $630,000 after purchasing an additional 94 shares in the last quarter. State of Michigan Retirement System grew its stake in TD SYNNEX by 0.6% in the first quarter. State of Michigan Retirement System now owns 18,021 shares of the business services provider's stock valued at $1,873,000 after purchasing an additional 100 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in TD SYNNEX by 0.5% in the first quarter. Louisiana State Employees Retirement System now owns 21,100 shares of the business services provider's stock valued at $2,194,000 after purchasing an additional 100 shares in the last quarter. ProShare Advisors LLC grew its stake in TD SYNNEX by 3.1% in the second quarter. ProShare Advisors LLC now owns 3,311 shares of the business services provider's stock valued at $449,000 after purchasing an additional 101 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in TD SYNNEX by 23.7% in the second quarter. Blue Trust Inc. now owns 543 shares of the business services provider's stock valued at $74,000 after purchasing an additional 104 shares in the last quarter. Institutional investors and hedge funds own 84.00% of the company's stock.

About TD SYNNEX

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.