Federated Hermes Inc. Trims Stock Holdings in TD SYNNEX Corporation $SNX

Federated Hermes Inc. trimmed its holdings in TD SYNNEX Corporation (NYSE:SNX) by 6.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 202,151 shares of the business services provider’s stock after selling 13,239 shares during the quarter. Federated Hermes Inc.’s holdings in TD SYNNEX were worth $33,102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank bought a new stake in TD SYNNEX in the second quarter worth $124,618,000. Vanguard Group Inc. raised its position in shares of TD SYNNEX by 10.1% in the 2nd quarter. Vanguard Group Inc. now owns 8,248,639 shares of the business services provider’s stock worth $1,119,340,000 after purchasing an additional 759,022 shares during the last quarter. Metropolis Capital Ltd grew its position in TD SYNNEX by 44.8% during the 3rd quarter. Metropolis Capital Ltd now owns 1,228,603 shares of the business services provider’s stock valued at $201,184,000 after purchasing an additional 379,904 shares during the last quarter. JPMorgan Chase & Co. increased its stake in TD SYNNEX by 8.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,230,059 shares of the business services provider’s stock valued at $574,019,000 after purchasing an additional 330,085 shares in the last quarter. Finally, Leith Wheeler Investment Counsel Ltd. purchased a new position in TD SYNNEX in the second quarter worth about $40,663,000. Hedge funds and other institutional investors own 84.00% of the company’s stock.

TD SYNNEX Stock Performance

Shares of NYSE:SNX opened at $158.65 on Friday. The firm has a 50 day moving average of $152.86 and a 200 day moving average of $151.38. The company has a quick ratio of 0.75, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $12.81 billion, a price-to-earnings ratio of 15.91, a price-to-earnings-growth ratio of 1.16 and a beta of 1.37. TD SYNNEX Corporation has a 52 week low of $92.23 and a 52 week high of $167.76.

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

TD SYNNEX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 30th. Shareholders 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 annualized dividend and a yield of 1.2%. This is an increase from TD SYNNEX’s previous quarterly dividend of $0.44. TD SYNNEX’s payout ratio is 19.26%.

Insider Transactions at TD SYNNEX

In other news, Director Richard T. Hume sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $160.67, for a total transaction of $4,016,750.00. Following the sale, the director owned 47,515 shares of the company’s stock, valued at $7,634,235.05. This trade represents a 34.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Merline Saintil sold 336 shares of the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $155.79, for a total transaction of $52,345.44. Following the sale, the director directly owned 7,330 shares in the company, valued at approximately $1,141,940.70. The trade was a 4.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 53,495 shares of company stock valued at $8,476,290 in the last quarter. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SNX. Barclays dropped their target price on shares of TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating on the stock in a report on Friday, January 9th. UBS Group raised their price target on TD SYNNEX from $187.00 to $193.00 and gave the stock a “buy” rating in a research note on Friday, January 9th. Zacks Research cut TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. The Goldman Sachs Group began coverage on TD SYNNEX in a report on Tuesday, January 13th. They issued a “buy” rating and a $180.00 target price on the stock. Finally, Morgan Stanley cut their price target on TD SYNNEX from $177.00 to $172.00 and set an “overweight” rating for the company in a research note on Friday, January 9th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, TD SYNNEX has a consensus rating of “Moderate Buy” and an average price target of $170.64.

TD SYNNEX 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.