TD SYNNEX Corporation $SNX Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. boosted its position in shares of TD SYNNEX Corporation (NYSE:SNX) by 1.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 215,390 shares of the business services provider’s stock after acquiring an additional 3,736 shares during the quarter. Federated Hermes Inc.’s holdings in TD SYNNEX were worth $29,228,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nuveen LLC purchased a new position in shares of TD SYNNEX during the first quarter worth approximately $121,259,000. Norges Bank acquired a new stake in TD SYNNEX during the 2nd quarter worth $124,618,000. Metropolis Capital Ltd purchased a new position in TD SYNNEX during the 2nd quarter worth $115,168,000. Vanguard Group Inc. increased its stake in TD SYNNEX by 10.1% in the second quarter. Vanguard Group Inc. now owns 8,248,639 shares of the business services provider’s stock valued at $1,119,340,000 after purchasing an additional 759,022 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of TD SYNNEX by 16.9% in the first quarter. JPMorgan Chase & Co. now owns 3,899,974 shares of the business services provider’s stock valued at $405,441,000 after buying an additional 564,473 shares during the last quarter. Hedge funds and other institutional investors own 84.00% of the company’s stock.

TD SYNNEX Stock Up 0.2%

SNX stock opened at $154.58 on Wednesday. The company has a current ratio of 1.20, a quick ratio of 0.71 and a debt-to-equity ratio of 0.36. The company’s 50-day moving average price is $153.50 and its 200 day moving average price is $145.64. TD SYNNEX Corporation has a 52 week low of $92.23 and a 52 week high of $167.76. The company has a market cap of $12.59 billion, a P/E ratio of 16.77, a P/E/G ratio of 1.07 and a beta of 1.36.

TD SYNNEX (NYSE:SNX) last issued its earnings results on Thursday, September 25th. The business services provider reported $3.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.05 by $0.53. The company had revenue of $15.65 billion during the quarter, compared to analysts’ expectations of $15.11 billion. TD SYNNEX had a net margin of 1.27% and a return on equity of 12.13%. The firm’s quarterly 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, research analysts expect that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

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

Insider Buying and Selling

In related news, Director Merline Saintil sold 168 shares of the stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $153.38, for a total value of $25,767.84. Following the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard T. Hume sold 5,000 shares of TD SYNNEX stock in a transaction dated 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 approximately $7,988,056.65. The trade was a 8.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 19,800 shares of company stock valued at $3,050,350 in the last three months. 1.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. UBS Group raised their price target on TD SYNNEX from $154.00 to $187.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Barclays lifted their target price on TD SYNNEX from $140.00 to $164.00 and gave the company an “equal weight” rating in a research note on Friday, September 26th. Royal Bank Of Canada upped 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. Wall Street Zen lowered shares of TD SYNNEX from a “buy” rating to a “hold” rating in a research report on Monday, November 3rd. Finally, Bank of America boosted their price objective on shares of TD SYNNEX from $170.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, September 26th. One investment 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $169.55.

TD SYNNEX Company Profile

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.