11,000 TD SYNNEX Corporation $SNX Shares Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. trimmed its holdings in TD SYNNEX Corporation (NYSE:SNX) by 3.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 270,600 shares of the business services provider’s stock after selling 11,000 shares during the period. TD SYNNEX accounts for 2.6% of Hennessy Advisors Inc.’s holdings, making the stock its 3rd biggest holding. Hennessy Advisors Inc.’s holdings in TD SYNNEX were worth $69,504,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of TD SYNNEX during the 2nd quarter worth about $1,958,683,000. Ninety One UK Ltd grew its holdings in shares of TD SYNNEX by 9.8% in the third quarter. Ninety One UK Ltd now owns 1,810,800 shares of the business services provider’s stock valued at $465,104,000 after purchasing an additional 162,116 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in TD SYNNEX in the second quarter valued at $149,728,000. Metropolis Capital Ltd boosted its stake in TD SYNNEX by 44.6% in the third quarter. Metropolis Capital Ltd now owns 524,865 shares of the business services provider’s stock valued at $134,812,000 after acquiring an additional 161,902 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in TD SYNNEX by 8.1% during the 1st quarter. Principal Financial Group Inc. now owns 684,004 shares of the business services provider’s stock worth $115,406,000 after purchasing an additional 51,303 shares during the period. Institutional investors and hedge funds own 84.00% of the company’s stock.

Insider Transactions at TD SYNNEX

In other news, Director Richard Hume sold 5,000 shares of the company’s stock in a transaction that occurred 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 sale, the director owned 13,537 shares in the company, valued at $3,549,536.77. This represents a 26.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alim Dhanji sold 3,775 shares of TD SYNNEX stock in a transaction dated Thursday, October 22nd. The shares were sold at an average price of $241.01, for a total transaction of $909,812.75. Following the completion of the transaction, the insider directly owned 11,712 shares of the company’s stock, valued at approximately $2,822,709.12. This trade represents a 24.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on SNX. Morgan Stanley lifted their target price on shares of TD SYNNEX from $334.00 to $359.00 and gave the stock an “overweight” rating in a research note on Friday, September 25th. Barclays increased their price objective on shares of TD SYNNEX from $278.00 to $287.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 8th. Zacks Research raised shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 29th. Weiss Ratings downgraded TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, October 23rd. Finally, UBS Group upped their price target on TD SYNNEX from $352.00 to $379.00 and gave the company a “buy” rating in a 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $331.14.

TD SYNNEX Price Performance

TD SYNNEX stock opened at $236.81 on Monday. The business’s fifty day moving average is $260.67 and its two-hundred day moving average is $225.55. The firm has a market cap of $18.89 billion, a P/E ratio of 14.43, a P/E/G ratio of 0.47 and a beta of 1.37. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.64 and a current ratio of 1.19. TD SYNNEX Corporation has a 52 week low of $142.22 and a 52 week high of $298.77.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings results on Thursday, September 24th. The business services provider reported $5.68 earnings per share for the quarter, beating analysts’ consensus estimates of $4.70 by $0.98. The business had revenue of $21.56 billion during the quarter, compared to analyst estimates of $18.91 billion. TD SYNNEX had a net margin of 1.75% and a return on equity of 16.78%. TD SYNNEX’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same quarter last year, the business posted $3.58 earnings per share. TD SYNNEX has set its Q4 2026 guidance at 5.650-6.150 EPS. Equities research analysts forecast that TD SYNNEX Corporation will post 20.35 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Friday, October 16th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, October 16th. TD SYNNEX’s dividend payout ratio is currently 11.70%.

TD SYNNEX 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.