Burgundy Asset Management Ltd. Boosts Holdings in TD SYNNEX Corporation $SNX

Burgundy Asset Management Ltd. grew its holdings in TD SYNNEX Corporation (NYSE:SNX) by 4.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 159,797 shares of the business services provider’s stock after acquiring an additional 6,233 shares during the period. Burgundy Asset Management Ltd. owned about 0.19% of TD SYNNEX worth $21,684,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of TD SYNNEX by 329.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 245 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 188 shares in the last quarter. Quarry LP purchased a new position in TD SYNNEX in the first quarter valued at approximately $51,000. Caitong International Asset Management Co. Ltd acquired a new stake in TD SYNNEX during the 2nd quarter worth $55,000. MAI Capital Management increased its position in shares of TD SYNNEX by 90.2% during the second quarter. MAI Capital Management now owns 428 shares of the business services provider’s stock worth $58,000 after purchasing an additional 203 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in TD SYNNEX by 1,012.5% in the second quarter. Hantz Financial Services Inc. now owns 445 shares of the business services provider’s stock valued at $60,000 after buying an additional 405 shares during the last quarter. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

TD SYNNEX Trading Up 0.2%

Shares of SNX stock opened at $154.85 on Friday. The firm’s 50 day moving average price is $153.91 and its two-hundred day moving average price is $145.01. The company has a quick ratio of 0.71, a current ratio of 1.20 and a debt-to-equity ratio of 0.36. TD SYNNEX Corporation has a fifty-two week low of $92.23 and a fifty-two week high of $167.76. The stock has a market cap of $12.61 billion, a price-to-earnings ratio of 16.79, a price-to-earnings-growth ratio of 1.07 and a beta of 1.36.

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

TD SYNNEX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders 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 dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, October 17th. TD SYNNEX’s payout ratio is presently 19.09%.

Insider Buying and Selling at TD SYNNEX

In other TD SYNNEX news, Director Richard T. Hume sold 5,000 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $152.11, for a total transaction of $760,550.00. Following the transaction, the director owned 52,515 shares of the company’s stock, valued at $7,988,056.65. This trade represents a 8.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Merline Saintil sold 168 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $153.38, for a total value of $25,767.84. Following the completion of the sale, the director owned 7,162 shares of the company’s stock, valued at $1,098,507.56. This trade represents a 2.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 19,800 shares of company stock valued at $3,050,350. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on SNX shares. Zacks Research raised shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Wall Street Zen lowered shares of TD SYNNEX from a “buy” rating to a “hold” rating in a research report on Monday, November 3rd. Royal Bank Of Canada boosted their price target on TD SYNNEX from $165.00 to $180.00 and gave the stock an “outperform” rating in a research note on Friday, September 26th. Barclays increased their price objective on shares of TD SYNNEX from $140.00 to $164.00 and gave the company an “equal weight” rating in a research note on Friday, September 26th. Finally, Raymond James Financial set a $175.00 price target on TD SYNNEX in a research report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, TD SYNNEX presently has a consensus rating of “Moderate Buy” and an average price target of $169.55.

About TD SYNNEX

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.