Bridgefront Capital LLC Buys Shares of 3,387 TD SYNNEX Corporation $SNX

Bridgefront Capital LLC bought a new stake in TD SYNNEX Corporation (NYSE:SNX) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,387 shares of the business services provider’s stock, valued at approximately $555,000.

Several other institutional investors also recently modified their holdings of SNX. Ossiam lifted its holdings in TD SYNNEX by 84.3% in the third quarter. Ossiam now owns 164 shares of the business services provider’s stock valued at $27,000 after buying an additional 75 shares during the period. Brown Brothers Harriman & Co. grew its holdings in TD SYNNEX by 675.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 225 shares of the business services provider’s stock worth $37,000 after acquiring an additional 196 shares during the period. Root Financial Partners LLC bought a new stake in shares of TD SYNNEX during the 3rd quarter valued at $42,000. MAI Capital Management raised its position in shares of TD SYNNEX by 90.2% during the 2nd quarter. MAI Capital Management now owns 428 shares of the business services provider’s stock valued at $58,000 after acquiring an additional 203 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake 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 purchasing an additional 126 shares during the period. Institutional investors and hedge funds own 84.00% of the company’s stock.

Insider Activity at TD SYNNEX

In related news, CEO Patrick Zammit sold 13,900 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $171.57, for a total value of $2,384,823.00. Following the completion of the transaction, the chief executive officer directly owned 170,928 shares in the company, valued at approximately $29,326,116.96. The trade was a 7.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Merline Saintil sold 167 shares of the stock in a transaction that occurred 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 sale, the director directly owned 6,995 shares of the company’s stock, valued at approximately $1,103,461.25. The trade was a 2.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 80,915 shares of company stock worth $13,111,786. 0.70% of the stock is owned by company insiders.

TD SYNNEX Price Performance

SNX opened at $153.65 on Tuesday. The stock has a market cap of $12.39 billion, a P/E ratio of 15.41, a P/E/G ratio of 1.10 and a beta of 1.37. TD SYNNEX Corporation has a 12 month low of $92.23 and a 12 month high of $175.56. The company has a quick ratio of 0.75, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. The company has a fifty day simple moving average of $157.37 and a 200 day simple moving average of $154.59.

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

TD SYNNEX Increases Dividend

The firm 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. The ex-dividend date was Friday, January 16th. This represents a $1.92 annualized dividend and a dividend yield of 1.2%. TD SYNNEX’s dividend payout ratio (DPR) is presently 19.26%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on SNX shares. The Goldman Sachs Group started coverage on TD SYNNEX in a research note on Tuesday, January 13th. They set a “buy” rating and a $180.00 price objective for the company. Barclays cut their target price on TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating on the stock in a research note on Friday, January 9th. Wall Street Zen upgraded TD SYNNEX from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. UBS Group boosted their target price on TD SYNNEX from $187.00 to $193.00 and gave the stock a “buy” rating in a research report on Friday, January 9th. Finally, Barrington Research reiterated an “outperform” rating and issued a $182.00 price target on shares of TD SYNNEX in a research report on Friday, January 9th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, TD SYNNEX currently 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.