TD SYNNEX Corporation $SNX Shares Sold by Bank of Montreal Can

Bank of Montreal Can decreased its stake in shares of TD SYNNEX Corporation (NYSE:SNX) by 7.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 8,475 shares of the business services provider’s stock after selling 649 shares during the quarter. Bank of Montreal Can’s holdings in TD SYNNEX were worth $1,150,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Versor Investments LP boosted its stake in shares of TD SYNNEX by 27.5% during the second quarter. Versor Investments LP now owns 10,886 shares of the business services provider’s stock valued at $1,477,000 after acquiring an additional 2,349 shares during the last quarter. GHP Investment Advisors Inc. lifted its holdings in TD SYNNEX by 2.0% in the 2nd quarter. GHP Investment Advisors Inc. now owns 15,340 shares of the business services provider’s stock valued at $2,082,000 after purchasing an additional 306 shares in the last quarter. Kesler Norman & Wride LLC boosted its stake in shares of TD SYNNEX by 6.3% during the 2nd quarter. Kesler Norman & Wride LLC now owns 8,314 shares of the business services provider’s stock worth $1,129,000 after purchasing an additional 494 shares during the last quarter. Uniting Wealth Partners LLC acquired a new stake in shares of TD SYNNEX during the 2nd quarter worth about $206,000. Finally, Atria Investments Inc raised its position in shares of TD SYNNEX by 33.8% in the second quarter. Atria Investments Inc now owns 5,156 shares of the business services provider’s stock valued at $700,000 after buying an additional 1,302 shares during the last quarter. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on SNX shares. UBS Group raised their target price on shares of TD SYNNEX from $154.00 to $187.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Zacks Research upgraded TD SYNNEX from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Bank of America increased their target price on TD SYNNEX from $170.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. Wall Street Zen cut TD SYNNEX from a “buy” rating to a “hold” rating in a report on Monday, November 3rd. Finally, Royal Bank Of Canada increased their price objective on shares of TD SYNNEX from $165.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $169.55.

TD SYNNEX Stock Performance

TD SYNNEX stock opened at $150.51 on Friday. The company has a market cap of $12.26 billion, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 1.19 and a beta of 1.41. TD SYNNEX Corporation has a 12 month low of $92.23 and a 12 month high of $167.76. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.20 and a quick ratio of 0.71. The stock’s 50-day moving average is $154.48 and its 200-day moving average is $141.53.

TD SYNNEX (NYSE:SNX) last posted its earnings results on Thursday, September 25th. The business services provider reported $3.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.05 by $0.53. TD SYNNEX had a net margin of 1.27% and a return on equity of 12.13%. The firm had revenue of $15.65 billion during the quarter, compared to the consensus estimate of $15.11 billion. During the same quarter in the prior year, the company earned $2.86 EPS. The company’s revenue was up 6.6% on a year-over-year basis. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. Equities analysts anticipate that TD SYNNEX Corporation will post 11.88 earnings per share for the current year.

TD SYNNEX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Friday, October 17th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, October 17th. TD SYNNEX’s dividend payout ratio is 19.09%.

Insider Activity

In related news, CFO Marshall Witt sold 861 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $149.84, for a total value of $129,012.24. Following the completion of the sale, the chief financial officer directly owned 49,777 shares in the company, valued at approximately $7,458,585.68. This represents a 1.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alim Dhanji sold 1,762 shares of the business’s stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $154.55, for a total value of $272,317.10. Following the transaction, the insider owned 13,426 shares in the company, valued at approximately $2,074,988.30. This represents a 11.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 14,632 shares of company stock worth $2,264,033 in the last quarter. Insiders own 1.00% of the company’s stock.

TD SYNNEX Company Profile

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.