TD SYNNEX Corporation $SNX Holdings Boosted by Hennessy Advisors Inc.

Hennessy Advisors Inc. lifted its stake in shares of TD SYNNEX Corporation (NYSE:SNX) by 16.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 281,600 shares of the business services provider’s stock after purchasing an additional 39,628 shares during the period. TD SYNNEX comprises 2.4% of Hennessy Advisors Inc.’s investment portfolio, making the stock its 4th biggest position. Hennessy Advisors Inc. owned about 0.35% of TD SYNNEX worth $75,283,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of SNX. Bell Investment Advisors Inc acquired a new stake in TD SYNNEX during the 2nd quarter worth $27,000. Fiduciary Financial Advisors purchased a new position in TD SYNNEX in the 2nd quarter worth approximately $28,000. Compass Financial Management LLC purchased a new stake in shares of TD SYNNEX in the second quarter valued at approximately $38,000. Ossiam lifted its position in TD SYNNEX by 84.3% during the third quarter. Ossiam now owns 164 shares of the business services provider’s stock worth $27,000 after buying an additional 75 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of TD SYNNEX in the 3rd quarter worth $30,000. 84.00% of the stock is currently owned by institutional investors and hedge funds.

TD SYNNEX Stock Down 2.5%

Shares of NYSE:SNX opened at $253.62 on Friday. TD SYNNEX Corporation has a fifty-two week low of $142.22 and a fifty-two week high of $296.47. The firm’s 50 day moving average price is $254.85 and its 200 day moving average price is $222.97. The company has a quick ratio of 0.64, a current ratio of 1.20 and a debt-to-equity ratio of 0.40. The stock has a market cap of $20.28 billion, a price-to-earnings ratio of 18.15, a price-to-earnings-growth ratio of 0.72 and a beta of 1.44.

TD SYNNEX (NYSE:SNX) last announced its quarterly earnings data on Thursday, June 25th. The business services provider reported $4.85 EPS for the quarter, beating analysts’ consensus estimates of $4.14 by $0.71. The company had revenue of $19.57 billion for the quarter, compared to the consensus estimate of $16.80 billion. TD SYNNEX had a net margin of 1.63% and a return on equity of 15.37%. The company’s quarterly revenue was up 31.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.99 EPS. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. As a group, equities research analysts predict that TD SYNNEX Corporation will post 18.01 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 17th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, July 17th. TD SYNNEX’s payout ratio is 13.74%.

Insider Activity at TD SYNNEX

In other news, Director Ann F. Vezina sold 1,273 shares of the company’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $256.05, for a total value of $325,951.65. Following the completion of the transaction, the director owned 5,828 shares in the company, valued at approximately $1,492,259.40. This represents a 17.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Richard T. Hume sold 5,000 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $262.21, for a total transaction of $1,311,050.00. Following the completion of the sale, the director directly owned 13,537 shares of the company’s stock, valued at approximately $3,549,536.77. This trade represents a 26.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 16,273 shares of company stock valued at $4,253,752. 0.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently commented on SNX shares. Zacks Research lowered shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Weiss Ratings cut shares of TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, June 17th. UBS Group upped their price target on TD SYNNEX from $310.00 to $352.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Morgan Stanley increased their target price on TD SYNNEX from $341.00 to $374.00 and gave the stock an “overweight” rating in a research note on Friday, June 26th. Finally, Barrington Research increased their price target 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. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $294.67.

About TD SYNNEX

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.