TD SYNNEX Corporation $SNX Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its stake in TD SYNNEX Corporation (NYSE:SNX) by 1.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 335,504 shares of the business services provider’s stock after buying an additional 3,761 shares during the period. Allspring Global Investments Holdings LLC’s holdings in TD SYNNEX were worth $51,476,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SNX. Parcion Private Wealth LLC increased its position in TD SYNNEX by 0.4% during the third quarter. Parcion Private Wealth LLC now owns 15,189 shares of the business services provider’s stock worth $2,487,000 after purchasing an additional 68 shares during the last quarter. Cornerstone Wealth Management LLC boosted its holdings in shares of TD SYNNEX by 3.8% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 1,895 shares of the business services provider’s stock valued at $310,000 after purchasing an additional 69 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of TD SYNNEX by 10.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 775 shares of the business services provider’s stock valued at $127,000 after buying an additional 74 shares during the period. Ossiam grew its stake in shares of TD SYNNEX by 84.3% during the 3rd quarter. Ossiam now owns 164 shares of the business services provider’s stock valued at $27,000 after buying an additional 75 shares during the period. Finally, BTC Capital Management Inc. increased its holdings in shares of TD SYNNEX by 3.1% during the 3rd quarter. BTC Capital Management Inc. now owns 2,996 shares of the business services provider’s stock worth $491,000 after buying an additional 91 shares during the last quarter. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

More TD SYNNEX News

Here are the key news stories impacting TD SYNNEX this week:

• Positive Sentiment: Blowout Q1 results: SNX reported record fiscal Q1 results with revenue of $17.16B (up 18.1% YoY) and non-GAAP EPS of $4.73, materially beating estimates — the primary catalyst for the stock’s move higher today. Zacks: Q1 Earnings
• Positive Sentiment: Upbeat guidance and AI/cloud commentary: Management issued a positive Q2 outlook and tied demand to AI infrastructure, hyperscalers and cloud spending — signaling revenue momentum and supporting a re-rating. Quiver Quant: Earnings & Outlook
• Positive Sentiment: Dividend declared: SNX announced a quarterly cash dividend ($0.48 per share, record April 15, payable April 29), which supports yield-oriented investor demand. (Company press release disclosures)
• Neutral Sentiment: Partnerships/market positioning: New distribution partnerships (e.g., FatPipe) expand product reach and support long-term growth but are incremental versus the earnings beat. PR Newswire: FatPipe Partnership
• Neutral Sentiment: Analysts mixed — price-target moves: JPMorgan raised its target to $185 but kept a “neutral” rating (limited endorsement of further upside). That provides some support but not a bullish stamp. Benzinga: JPMorgan PT Raise
• Negative Sentiment: Barclays keeps cautious stance: Barclays raised its PT to $166 but maintains an “equal weight” view — the new target implies meaningful downside from current levels and is a restraint on sentiment. TickerReport / Benzinga: Barclays PT
• Negative Sentiment: Insider and institutional selling: Public filings show heavy insider sales and notable institutional position reductions by several large managers in recent quarters — a potential headwind if selling pressure persists. Quiver Quant: Insider & Institutional Activity

TD SYNNEX Stock Up 10.4%

Shares of TD SYNNEX stock opened at $186.22 on Thursday. TD SYNNEX Corporation has a twelve month low of $92.23 and a twelve month high of $186.51. The stock has a market cap of $15.01 billion, a price-to-earnings ratio of 15.48, a price-to-earnings-growth ratio of 1.21 and a beta of 1.22. The company has a current ratio of 1.22, a quick ratio of 0.75 and a debt-to-equity ratio of 0.41. The company has a fifty day moving average price of $159.91 and a 200 day moving average price of $155.50.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings data on Tuesday, March 31st. The business services provider reported $4.73 EPS for the quarter, beating the consensus estimate of $3.24 by $1.49. The company had revenue of $17.16 billion for the quarter, compared to analyst estimates of $15.59 billion. TD SYNNEX had a return on equity of 14.03% and a net margin of 1.52%.The firm’s revenue was up 18.1% compared to the same quarter last year. During the same period last year, the company posted $2.80 earnings per share. Equities research analysts forecast that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 29th. Investors of record on Wednesday, April 15th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $1.92 annualized dividend and a yield of 1.0%. TD SYNNEX’s payout ratio is 15.96%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SNX shares. JPMorgan Chase & Co. lifted their target price on TD SYNNEX from $175.00 to $185.00 and gave the company a “neutral” rating in a report on Wednesday. Weiss Ratings restated a “buy (b-)” rating on shares of TD SYNNEX in a research note on Wednesday, January 21st. Zacks Research lowered TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Royal Bank Of Canada reiterated an “outperform” rating on shares of TD SYNNEX in a report on Monday, December 22nd. Finally, Wall Street Zen raised shares of TD SYNNEX from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, TD SYNNEX presently has an average rating of “Moderate Buy” and an average price target of $177.50.

Insider Buying and Selling

In other news, CEO Patrick Zammit sold 13,900 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $171.57, for a total value of $2,384,823.00. Following the completion of the transaction, the chief executive officer directly owned 170,928 shares in the company, valued at approximately $29,326,116.96. This represents a 7.52% decrease in their ownership of the stock. The sale 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 firm’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 sale, the director directly owned 6,995 shares of the company’s stock, valued at approximately $1,103,461.25. The trade was a 2.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 80,915 shares of company stock valued at $13,111,786. Corporate insiders own 0.70% of the company’s stock.

TD SYNNEX Company 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.