Versor Investments LP Sells 8,972 Shares of TD SYNNEX Corporation $SNX

Versor Investments LP lessened its holdings in shares of TD SYNNEX Corporation (NYSE:SNX) by 82.4% in the third quarter, HoldingsChannel.com reports. The firm owned 1,914 shares of the business services provider’s stock after selling 8,972 shares during the period. Versor Investments LP’s holdings in TD SYNNEX were worth $313,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SNX. Navellier & Associates Inc. grew its holdings in shares of TD SYNNEX by 12.5% during the third quarter. Navellier & Associates Inc. now owns 1,719 shares of the business services provider’s stock valued at $281,000 after buying an additional 191 shares during the last quarter. Profund Advisors LLC lifted its position in TD SYNNEX by 13.7% in the 3rd quarter. Profund Advisors LLC now owns 1,710 shares of the business services provider’s stock valued at $280,000 after acquiring an additional 206 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its stake in TD SYNNEX by 2.7% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 7,958 shares of the business services provider’s stock valued at $1,303,000 after purchasing an additional 212 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in TD SYNNEX by 31.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 9,981 shares of the business services provider’s stock worth $1,634,000 after purchasing an additional 2,397 shares in the last quarter. Finally, Alps Advisors Inc. raised its stake in shares of TD SYNNEX by 0.6% in the third quarter. Alps Advisors Inc. now owns 133,182 shares of the business services provider’s stock worth $21,809,000 after purchasing an additional 775 shares during the last quarter. 84.00% of the stock is owned by institutional investors.

Insider Activity

In other TD SYNNEX news, Director Merline Saintil sold 168 shares of the stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $153.38, for a total transaction of $25,767.84. Following the completion of the transaction, the director directly owned 7,162 shares of the company’s stock, valued at approximately $1,098,507.56. This represents a 2.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard T. Hume sold 25,000 shares of the firm’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $160.67, for a total value of $4,016,750.00. Following the completion of the sale, the director directly owned 47,515 shares of the company’s stock, valued at $7,634,235.05. This represents a 34.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 85,916 shares of company stock valued at $13,871,759 in the last three months. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

SNX has been the topic of several analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of TD SYNNEX in a research report on Monday, December 22nd. Barclays dropped their price objective on TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating on the stock in a research note on Friday, January 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of TD SYNNEX in a research note on Wednesday, January 21st. Zacks Research downgraded shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Finally, Morgan Stanley cut their price target on shares of TD SYNNEX from $177.00 to $172.00 and set an “overweight” rating on the stock in a report on Friday, January 9th. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $170.64.

TD SYNNEX Stock Up 2.7%

Shares of NYSE:SNX opened at $161.69 on Friday. TD SYNNEX Corporation has a 1 year low of $92.23 and a 1 year high of $175.56. The company has a market capitalization of $13.04 billion, a PE ratio of 16.22, a price-to-earnings-growth ratio of 1.13 and a beta of 1.38. The business has a fifty day moving average price of $155.41 and a two-hundred day moving average price of $152.87. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 0.75.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings results on Thursday, January 8th. The business services provider reported $3.83 earnings per share for the quarter, topping analysts’ consensus estimates of $3.68 by $0.15. The company had revenue of $17.38 billion for the quarter, compared to the consensus estimate of $15.46 billion. TD SYNNEX had a net margin of 1.32% and a return on equity of 12.60%. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm earned $3.09 EPS. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. Analysts forecast that TD SYNNEX Corporation will post 11.88 earnings per share for the current year.

TD SYNNEX Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Friday, January 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from TD SYNNEX’s previous quarterly dividend of $0.44. TD SYNNEX’s payout ratio is currently 19.26%.

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.