American Century Companies Inc. Buys 47,829 Shares of TD SYNNEX Corporation $SNX

American Century Companies Inc. boosted its stake in TD SYNNEX Corporation (NYSE:SNX) by 20.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 287,549 shares of the business services provider’s stock after purchasing an additional 47,829 shares during the quarter. American Century Companies Inc.’s holdings in TD SYNNEX were worth $47,087,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Parcion Private Wealth LLC increased its holdings in TD SYNNEX by 0.4% in the 3rd quarter. Parcion Private Wealth LLC now owns 15,189 shares of the business services provider’s stock valued at $2,487,000 after buying an additional 68 shares during the period. Cornerstone Wealth Management LLC increased its stake in TD SYNNEX by 3.8% in the third quarter. Cornerstone Wealth Management LLC now owns 1,895 shares of the business services provider’s stock valued at $310,000 after acquiring an additional 69 shares during the last quarter. Jones Financial Companies Lllp raised its position in TD SYNNEX by 10.6% during the third quarter. Jones Financial Companies Lllp now owns 775 shares of the business services provider’s stock valued at $127,000 after purchasing an additional 74 shares in the last quarter. BTC Capital Management Inc. lifted its stake in TD SYNNEX by 3.1% during the third quarter. BTC Capital Management Inc. now owns 2,996 shares of the business services provider’s stock worth $491,000 after purchasing an additional 91 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in shares of TD SYNNEX by 1.5% in the 3rd quarter. US Bancorp DE now owns 6,457 shares of the business services provider’s stock valued at $1,057,000 after purchasing an additional 96 shares in the last quarter. 84.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Barclays lowered their price target on TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating for the company in a report on Friday, January 9th. Barrington Research reiterated an “outperform” rating and issued a $182.00 target price on shares of TD SYNNEX in a research report on Friday, January 9th. The Goldman Sachs Group initiated coverage on shares of TD SYNNEX in a report on Tuesday, January 13th. They issued a “buy” rating and a $180.00 target price for the company. Zacks Research downgraded shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Finally, UBS Group upped their price objective on shares of TD SYNNEX from $187.00 to $193.00 and gave the stock a “buy” rating in a research report on Friday, January 9th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $170.64.

TD SYNNEX Price Performance

SNX stock opened at $158.51 on Friday. The company has a market capitalization of $12.78 billion, a P/E ratio of 15.90, a PEG ratio of 1.15 and a beta of 1.37. The company has a fifty day moving average price of $157.00 and a 200-day moving average price of $154.13. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.75 and a current ratio of 1.21. TD SYNNEX Corporation has a 52-week low of $92.23 and a 52-week high of $175.56.

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

TD SYNNEX Increases Dividend

The business also recently disclosed 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. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. This is a positive change from TD SYNNEX’s previous quarterly dividend of $0.44. The ex-dividend date was Friday, January 16th. TD SYNNEX’s dividend payout ratio is 19.26%.

Insider Buying and Selling

In other TD SYNNEX news, CEO Patrick Zammit sold 13,900 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $171.57, for a total transaction of $2,384,823.00. Following the completion of the transaction, the chief executive officer owned 170,928 shares in the company, valued at approximately $29,326,116.96. This trade represents a 7.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Merline Saintil sold 167 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $157.75, for a total transaction of $26,344.25. Following the completion of the sale, the director directly owned 6,995 shares in the company, valued at approximately $1,103,461.25. This represents a 2.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 80,915 shares of company stock valued at $13,111,786 over the last ninety days. 0.70% of the stock is owned by company insiders.

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.