TD SYNNEX Corporation $SNX Shares Purchased by Metropolis Capital Ltd

Metropolis Capital Ltd lifted its position in TD SYNNEX Corporation (NYSE:SNX) by 44.6% in the third quarter, Holdings Channel.com reports. The firm owned 524,865 shares of the business services provider’s stock after purchasing an additional 161,902 shares during the quarter. TD SYNNEX makes up 3.7% of Metropolis Capital Ltd’s holdings, making the stock its 12th biggest holding. Metropolis Capital Ltd’s holdings in TD SYNNEX were worth $134,812,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. IFP Advisors Inc raised its holdings in shares of TD SYNNEX by 178.0% during the 3rd quarter. IFP Advisors Inc now owns 1,073 shares of the business services provider’s stock valued at $276,000 after buying an additional 687 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new stake in TD SYNNEX in the 3rd quarter worth approximately $278,000. USA Financial Formulas purchased a new stake in TD SYNNEX in the third quarter worth approximately $185,000. Vontobel Holding Ltd. purchased a new stake in TD SYNNEX in the third quarter worth approximately $231,000. Finally, Pension & Wealth Management Advisors Inc. purchased a new stake in TD SYNNEX in the third quarter worth approximately $114,000. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other TD SYNNEX news, Director Ann Vezina sold 1,273 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $256.05, for a total transaction of $325,951.65. Following the completion of the transaction, the director owned 5,828 shares of the company’s stock, valued at $1,492,259.40. This represents a 17.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard Hume sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $262.21, for a total value of $1,311,050.00. Following the completion of the sale, the director 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 position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on SNX shares. The Goldman Sachs Group set a $330.00 price target on shares of TD SYNNEX in a research report on Friday, June 26th. Barrington Research upped their price objective 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. Royal Bank Of Canada set a $340.00 target price on shares of TD SYNNEX in a report on Friday, June 26th. Weiss Ratings upgraded shares of TD SYNNEX from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Finally, UBS Group lifted their target price on shares of TD SYNNEX from $352.00 to $379.00 and gave the stock a “buy” rating in a research report on Friday, September 25th. One 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 company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $331.14.

TD SYNNEX Trading Up 0.6%

Shares of NYSE SNX traded up $1.61 during midday trading on Tuesday, reaching $250.18. The company had a trading volume of 196,672 shares, compared to its average volume of 815,901. The stock has a market cap of $19.96 billion, a PE ratio of 15.24, a price-to-earnings-growth ratio of 0.49 and a beta of 1.37. TD SYNNEX Corporation has a one year low of $142.22 and a one year high of $298.77. The firm’s fifty day moving average price is $261.98 and its 200-day moving average price is $250.21. The company has a quick ratio of 0.64, a current ratio of 1.19 and a debt-to-equity ratio of 0.39.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings results on Thursday, September 24th. The business services provider reported $5.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.70 by $0.98. The business had revenue of $21.56 billion for 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%. TD SYNNEX’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same period last year, the company earned $3.58 EPS. TD SYNNEX has set its Q4 2026 guidance at 5.650-6.150 EPS. On average, equities research analysts anticipate that TD SYNNEX Corporation will post 20.35 earnings per share for the current year.

TD SYNNEX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be 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 is Friday, October 16th. TD SYNNEX’s payout ratio is currently 11.70%.

TD SYNNEX Company Profile

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.