Wealth Enhancement Advisory Services LLC Grows Stock Position in TD SYNNEX Corporation $SNX
by Jessica Moore · The Cerbat GemWealth Enhancement Advisory Services LLC raised its position in TD SYNNEX Corporation (NYSE:SNX – Free Report) by 86.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,624 shares of the business services provider’s stock after buying an additional 4,929 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in TD SYNNEX were worth $1,616,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in SNX. Parcion Private Wealth LLC lifted its holdings in shares of TD SYNNEX by 0.4% in the third quarter. Parcion Private Wealth LLC now owns 15,189 shares of the business services provider’s stock worth $2,487,000 after buying an additional 68 shares in the last quarter. Cornerstone Wealth Management LLC grew its stake in TD SYNNEX by 3.8% during 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 in the last quarter. Jones Financial Companies Lllp increased its holdings in TD SYNNEX by 10.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 775 shares of the business services provider’s stock worth $127,000 after acquiring an additional 74 shares during the period. Ossiam increased its holdings in TD SYNNEX by 84.3% during the 3rd quarter. Ossiam now owns 164 shares of the business services provider’s stock worth $27,000 after acquiring an additional 75 shares during the period. Finally, BTC Capital Management Inc. lifted its stake in TD SYNNEX by 3.1% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 84.00% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have recently commented on the stock. Barclays boosted their price target on shares of TD SYNNEX from $163.00 to $166.00 and gave the company an “equal weight” rating in a research report on Wednesday. Wall Street Zen upgraded TD SYNNEX from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Morgan Stanley boosted their target price on TD SYNNEX from $172.00 to $174.00 and gave the stock an “overweight” rating in a research report on Friday, March 20th. Zacks Research lowered TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Finally, The Goldman Sachs Group raised their price target on TD SYNNEX from $180.00 to $205.00 and gave the company a “buy” rating in a report on Thursday. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $183.00.
Check Out Our Latest Stock Report on SNX
TD SYNNEX Price Performance
Shares of NYSE:SNX opened at $186.90 on Friday. The company’s fifty day moving average price is $161.27 and its 200-day moving average price is $155.96. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.22 and a quick ratio of 0.75. The firm has a market capitalization of $15.07 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 1.08 and a beta of 1.23. TD SYNNEX Corporation has a one year low of $92.23 and a one year high of $191.79.
TD SYNNEX (NYSE:SNX – Get Free Report) last posted its quarterly earnings data on Tuesday, March 31st. The business services provider reported $4.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.24 by $1.49. TD SYNNEX had a net margin of 1.52% and a return on equity of 14.03%. The company had revenue of $17.16 billion during the quarter, compared to the consensus estimate of $15.59 billion. During the same period in the previous year, the firm posted $2.80 EPS. The firm’s revenue was up 18.1% compared to the same quarter last year. On average, equities research analysts anticipate that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal year.
TD SYNNEX Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 15th will be paid 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%.
Insider Transactions at TD SYNNEX
In other news, Director Merline Saintil sold 167 shares of the stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $157.75, for a total transaction of $26,344.25. Following the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard T. Hume sold 25,000 shares of the firm’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $160.67, for a total value of $4,016,750.00. Following the transaction, the director directly owned 47,515 shares in the company, valued at approximately $7,634,235.05. This represents a 34.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 80,915 shares of company stock worth $13,111,786. 0.70% of the stock is currently owned by corporate insiders.
Key Stories Impacting TD SYNNEX
Here are the key news stories impacting TD SYNNEX this week:
- Positive Sentiment: Q1 earnings beat and new 52‑week high — TD SYNNEX reported a strong quarter (EPS and revenue above expectations; revenue +18% YoY) and the stock reached a new 52‑week high on the results. Read More.
- Positive Sentiment: RBC raised price target to $210 and set an “outperform” rating, signaling material upside from current levels and adding institutional support for the rally. Read More.
- Positive Sentiment: Goldman Sachs boosted its price target to $205 and maintains a “buy” rating, reinforcing analyst confidence following the earnings beat. Read More.
- Positive Sentiment: Bullish analyst commentary on Hyve and forward EPS growth — Seeking Alpha writeups highlight Hyve’s rapid scaling (now ~27% of EBIT), new hyperscaler customers, and expectations for continued strong EPS growth and margin expansion, supporting longer‑term upside. Read More. Read More.
- Positive Sentiment: Featured among stocks that beat estimates and noted for a recent analyst price‑target increase from Barrington — more third‑party recognition following the earnings outperformance. Read More.
- Neutral Sentiment: Consensus broker view summarized as “Moderate Buy” — a constructive but not unanimous endorsement that suggests cautious optimism among the broader sell‑side community. Read More.
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.
See Also
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