1,680 Shares in TD SYNNEX Corporation $SNX Bought by Praxis Investment Management Inc.

Praxis Investment Management Inc. bought a new position in shares of TD SYNNEX Corporation (NYSE:SNX - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 1,680 shares of the business services provider's stock, valued at approximately $228,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SNX. GAMMA Investing LLC grew its stake in TD SYNNEX by 16.8% during the 1st quarter. GAMMA Investing LLC now owns 750 shares of the business services provider's stock worth $78,000 after buying an additional 108 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in TD SYNNEX by 3.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,252 shares of the business services provider's stock worth $754,000 after buying an additional 244 shares during the last quarter. Guyasuta Investment Advisors Inc. grew its stake in TD SYNNEX by 5.4% during the 1st quarter. Guyasuta Investment Advisors Inc. now owns 6,900 shares of the business services provider's stock worth $717,000 after buying an additional 355 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in TD SYNNEX by 11.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,361 shares of the business services provider's stock worth $765,000 after buying an additional 785 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in TD SYNNEX by 1.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 8,041 shares of the business services provider's stock worth $836,000 after buying an additional 148 shares during the last quarter. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

TD SYNNEX Stock Performance

Shares of SNX stock opened at $153.17 on Monday. The stock has a market cap of $12.47 billion, a PE ratio of 16.61, a price-to-earnings-growth ratio of 1.19 and a beta of 1.43. The business has a 50-day simple moving average of $152.54 and a 200-day simple moving average of $134.93. The company has a quick ratio of 0.71, a current ratio of 1.20 and a debt-to-equity ratio of 0.36. TD SYNNEX Corporation has a 52-week low of $92.23 and a 52-week high of $167.76.

TD SYNNEX (NYSE:SNX - Get Free Report) last issued its quarterly earnings data on Thursday, September 25th. The business services provider reported $2.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.05 by ($0.31). The company had revenue of $15.65 billion during the quarter, compared to analyst estimates of $15.11 billion. TD SYNNEX had a net margin of 1.27% and a return on equity of 12.13%. The business's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the firm earned $2.86 EPS. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. On average, equities analysts expect that TD SYNNEX Corporation will post 11.88 EPS for the current year.

TD SYNNEX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, October 17th. TD SYNNEX's payout ratio is 19.09%.

Insider Buying and Selling

In related news, CFO Marshall Witt sold 861 shares of TD SYNNEX stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $149.84, for a total value of $129,012.24. Following the completion of the transaction, the chief financial officer owned 49,777 shares in the company, valued at $7,458,585.68. The trade was a 1.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ann F. Vezina sold 812 shares of TD SYNNEX stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $150.42, for a total value of $122,141.04. Following the completion of the transaction, the director owned 6,079 shares of the company's stock, valued at approximately $914,403.18. This represents a 11.78% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,930 shares of company stock worth $1,209,663. Corporate insiders own 1.00% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Morgan Stanley boosted their target price on TD SYNNEX from $173.00 to $181.00 and gave the stock an "overweight" rating in a research note on Friday, September 26th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of TD SYNNEX in a research report on Wednesday, October 8th. UBS Group lifted their price target on TD SYNNEX from $154.00 to $187.00 and gave the stock a "buy" rating in a research report on Monday, September 29th. Wall Street Zen cut TD SYNNEX from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Loop Capital lifted their price target on TD SYNNEX from $150.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, June 30th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $169.55.

TD SYNNEX 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.

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