TD SYNNEX Corporation $SNX Stock Holdings Trimmed by Nordea Investment Management AB

Nordea Investment Management AB lessened its holdings in shares of TD SYNNEX Corporation (NYSE:SNX) by 31.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 637,042 shares of the business services provider’s stock after selling 291,586 shares during the quarter. Nordea Investment Management AB’s holdings in TD SYNNEX were worth $105,663,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Caitong International Asset Management Co. Ltd bought a new stake in shares of TD SYNNEX during the second quarter valued at about $55,000. MAI Capital Management increased its stake in 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 buying an additional 203 shares during the period. Hantz Financial Services Inc. raised its position in shares of TD SYNNEX by 1,012.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 445 shares of the business services provider’s stock worth $60,000 after buying an additional 405 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of TD SYNNEX by 23.7% in the 2nd quarter. Blue Trust Inc. now owns 543 shares of the business services provider’s stock worth $74,000 after acquiring an additional 104 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of TD SYNNEX in the 2nd quarter worth approximately $92,000. 84.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SNX shares. Bank of America boosted their target price on TD SYNNEX from $170.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, September 26th. Barrington Research reiterated an “outperform” rating and set a $182.00 price target on shares of TD SYNNEX in a research report on Friday, January 9th. Royal Bank Of Canada restated an “outperform” rating on shares of TD SYNNEX in a report on Monday, December 22nd. Zacks Research cut TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of TD SYNNEX in a research report on Wednesday, October 8th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, TD SYNNEX presently has an average rating of “Moderate Buy” and a consensus target price of $170.64.

Insider Activity

In related news, Director Merline Saintil sold 336 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $155.79, for a total value of $52,345.44. Following the completion of the transaction, the director owned 7,330 shares of the company’s stock, valued at approximately $1,141,940.70. This trade represents a 4.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Miriam Anne Murphy sold 1,673 shares of the business’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $156.49, for a total transaction of $261,807.77. Following the sale, the insider directly owned 16,529 shares in the company, valued at approximately $2,586,623.21. This trade represents a 9.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 23,939 shares of company stock valued at $3,690,188. 1.00% of the stock is currently owned by insiders.

TD SYNNEX Stock Performance

SNX opened at $155.97 on Wednesday. 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 firm has a market cap of $12.70 billion, a PE ratio of 15.64, a P/E/G ratio of 1.09 and a beta of 1.37. The business has a fifty day simple moving average of $151.77 and a 200-day simple moving average of $150.30. TD SYNNEX Corporation has a fifty-two week low of $92.23 and a fifty-two week high of $167.76.

TD SYNNEX (NYSE:SNX) last announced its earnings results on Thursday, January 8th. The business services provider reported $3.83 EPS for the quarter, beating 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 business had revenue of $17.38 billion during the quarter, compared to the consensus estimate of $15.46 billion. During the same period in the prior year, the business posted $3.09 earnings per share. TD SYNNEX’s revenue was up 9.7% compared to the same quarter last year. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. As a group, equities analysts predict that TD SYNNEX Corporation will post 11.88 EPS for the current fiscal year.

TD SYNNEX Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be issued a $0.48 dividend. The ex-dividend date is Friday, January 16th. This is a positive change from TD SYNNEX’s previous quarterly dividend of $0.44. This represents a $1.92 annualized dividend and a dividend yield of 1.2%. TD SYNNEX’s dividend payout ratio is 17.65%.

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.