Kennedy Capital Management LLC Sells 10,929 Shares of TD SYNNEX Corporation $SNX

Kennedy Capital Management LLC reduced its holdings in shares of TD SYNNEX Corporation (NYSE:SNX) by 6.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 155,548 shares of the business services provider’s stock after selling 10,929 shares during the quarter. TD SYNNEX makes up approximately 0.6% of Kennedy Capital Management LLC’s holdings, making the stock its 24th biggest position. Kennedy Capital Management LLC’s holdings in TD SYNNEX were worth $25,471,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SNX. Root Financial Partners LLC acquired a new position in TD SYNNEX during the third quarter worth $42,000. MAI Capital Management lifted its position in TD SYNNEX by 90.2% during the 2nd quarter. MAI Capital Management now owns 428 shares of the business services provider’s stock worth $58,000 after buying an additional 203 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of TD SYNNEX by 10.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 775 shares of the business services provider’s stock worth $127,000 after buying an additional 74 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of TD SYNNEX by 17.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 852 shares of the business services provider’s stock valued at $116,000 after acquiring an additional 126 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its position in shares of TD SYNNEX by 93.5% in the third quarter. Hantz Financial Services Inc. now owns 861 shares of the business services provider’s stock valued at $141,000 after acquiring an additional 416 shares during the last quarter. Institutional investors own 84.00% of the company’s stock.

TD SYNNEX Stock Performance

Shares of NYSE:SNX traded up $1.37 on Friday, hitting $154.78. The company had a trading volume of 26,651 shares, compared to its average volume of 737,144. The stock has a market cap of $12.48 billion, a price-to-earnings ratio of 15.52, a P/E/G ratio of 1.14 and a beta of 1.37. The stock has a 50 day moving average price of $157.36 and a 200 day moving average price of $154.44. TD SYNNEX Corporation has a 1-year low of $92.23 and a 1-year high of $175.56. The company has a current ratio of 1.21, a quick ratio of 0.75 and a debt-to-equity ratio of 0.43.

TD SYNNEX (NYSE:SNX) last posted its earnings results on Thursday, January 8th. The business services provider reported $3.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.15. The company had revenue of $17.38 billion during the quarter, compared to analysts’ expectations of $15.46 billion. TD SYNNEX had a net margin of 1.32% and a return on equity of 12.60%. TD SYNNEX’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the company posted $3.09 EPS. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. Analysts expect that TD SYNNEX Corporation will post 11.88 EPS for the current year.

TD SYNNEX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were issued a dividend of $0.48 per share. This is a boost from TD SYNNEX’s previous quarterly dividend of $0.44. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, January 16th. TD SYNNEX’s dividend payout ratio is presently 19.26%.

Insider Activity

In related news, Director Merline Saintil sold 167 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $157.75, for a total value of $26,344.25. Following the completion of the sale, the director directly owned 6,995 shares in the company, valued at $1,103,461.25. The trade was a 2.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard T. Hume sold 25,000 shares of the company’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $160.67, for a total value of $4,016,750.00. Following the completion of the transaction, the director directly owned 47,515 shares in the company, valued at approximately $7,634,235.05. This represents a 34.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 80,915 shares of company stock valued at $13,111,786. 0.70% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently commented on SNX shares. Royal Bank Of Canada reissued an “outperform” rating on shares of TD SYNNEX in a research report on Monday, December 22nd. Zacks Research lowered TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. The Goldman Sachs Group began coverage on TD SYNNEX in a report on Tuesday, January 13th. They issued a “buy” rating and a $180.00 price objective for the company. Morgan Stanley decreased their target price on shares of TD SYNNEX from $177.00 to $172.00 and set an “overweight” rating for the company in a research note on Friday, January 9th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $182.00 price target on shares of TD SYNNEX in a research report on Friday, January 9th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $170.64.

TD SYNNEX Profile

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the information technology industry. Formed in September 2021 through the merger of Tech Data and SYNNEX Corporation, the company provides a comprehensive range of products, services and solutions that span hardware, software, cloud, mobility, security and data center technologies. TD SYNNEX partners with vendors, resellers and system integrators to design, deploy and support IT infrastructures across diverse market segments, including commercial enterprises, public sector organizations and retail operations.

The company’s core business activities include the distribution of technology products from manufacturers such as servers, storage, networking equipment and peripherals, as well as the resale and provisioning of software licenses and cloud-based solutions.