TD SYNNEX Corporation $SNX Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP reduced its position in shares of TD SYNNEX Corporation (NYSE:SNX) by 17.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 726,605 shares of the business services provider’s stock after selling 155,113 shares during the period. Wellington Management Group LLP’s holdings in TD SYNNEX were worth $194,251,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Bell Investment Advisors Inc acquired a new stake in TD SYNNEX in the second quarter valued at $27,000. Ossiam boosted its position in shares of TD SYNNEX by 84.3% during the 3rd quarter. Ossiam now owns 164 shares of the business services provider’s stock worth $27,000 after acquiring an additional 75 shares in the last quarter. Fiduciary Financial Advisors acquired a new position in shares of TD SYNNEX during the 2nd quarter worth about $28,000. Aster Capital Management DIFC Ltd purchased a new position in shares of TD SYNNEX in the 4th quarter valued at about $28,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of TD SYNNEX in the 3rd quarter valued at about $30,000. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Wall Street Analysts Forecast Growth

SNX has been the subject of several recent analyst reports. Royal Bank Of Canada set a $340.00 target price on TD SYNNEX in a research note on Friday, June 26th. Barrington Research increased their price target 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. Zacks Research cut shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a 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. Finally, JPMorgan Chase & Co. raised TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 target price for the company in a research report on Wednesday, May 27th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, TD SYNNEX has an average rating of “Moderate Buy” and an average target price of $294.67.

Insider Activity at TD SYNNEX

In related news, Director Richard T. Hume sold 5,000 shares of the stock in a transaction on Wednesday, August 5th. The stock was 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 $3,549,536.77. This trade represents a 26.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ann F. Vezina sold 1,273 shares of TD SYNNEX stock in a transaction on Friday, July 31st. The shares were 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 in the company, valued at approximately $1,492,259.40. This trade represents a 17.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 11,273 shares of company stock valued at $2,851,852 in the last 90 days. Company insiders own 0.70% of the company’s stock.

TD SYNNEX Stock Down 0.5%

SNX stock opened at $252.67 on Tuesday. The company has a market cap of $20.20 billion, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 0.72 and a beta of 1.44. The company has a fifty day moving average price of $254.24 and a 200 day moving average price of $223.90. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.20 and a quick ratio of 0.64. TD SYNNEX Corporation has a 12 month low of $142.22 and a 12 month high of $296.47.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings results on Thursday, June 25th. The business services provider reported $4.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.14 by $0.71. The firm had revenue of $19.57 billion for the quarter, compared to analysts’ expectations of $16.80 billion. TD SYNNEX had a return on equity of 15.37% and a net margin of 1.63%.The firm’s revenue for the quarter was up 31.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.99 EPS. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Sell-side analysts expect that TD SYNNEX Corporation will post 18.01 earnings per share for the current year.

TD SYNNEX Announces Dividend

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

TD SYNNEX Company 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.