1,684 Shares in TD SYNNEX Corporation $SNX Purchased by Vest Financial LLC

Key Points

• Vest Financial LLC has acquired 1,684 shares of TD SYNNEX Corporation valued at approximately $229,000 during Q2, reflecting increased institutional interest in the company.
• Insider sales from director Ann F. Vezina and another insider resulted in a total of 2,930 shares sold worth $430,163 over the past 90 days, leading to a notable decrease in their ownership.
• Analysts have raised their target prices for TD SYNNEX, with Bank of America and UBS Group setting target prices at $180 and $187 respectively, indicating a generally positive outlook on the stock.

Vest Financial LLC acquired a new position in TD SYNNEX Corporation (NYSE:SNX - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,684 shares of the business services provider's stock, valued at approximately $229,000.

Other large investors have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in TD SYNNEX by 329.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 245 shares of the business services provider's stock valued at $25,000 after buying an additional 188 shares during the period. Cullen Frost Bankers Inc. acquired a new position in TD SYNNEX during the 1st quarter valued at about $44,000. Quarry LP acquired a new position in TD SYNNEX during the 1st quarter valued at about $51,000. Blue Trust Inc. increased its stake in TD SYNNEX by 23.7% during the 2nd quarter. Blue Trust Inc. now owns 543 shares of the business services provider's stock valued at $74,000 after buying an additional 104 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in TD SYNNEX during the 2nd quarter valued at about $92,000. Institutional investors and hedge funds own 84.00% of the company's stock.

Insiders Place Their Bets

In other TD SYNNEX news, Director Ann F. Vezina sold 812 shares of the firm's 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 directly owned 6,079 shares in the company, valued at $914,403.18. This trade represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Alim Dhanji sold 1,257 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $142.41, for a total transaction of $179,009.37. Following the completion of the transaction, the insider owned 10,984 shares of the company's stock, valued at approximately $1,564,231.44. The trade was a 10.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,930 shares of company stock worth $430,163 over the last ninety days. 1.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on SNX. Bank of America raised their target price on shares of TD SYNNEX from $170.00 to $180.00 and gave the company a "buy" rating in a research note on Friday, September 26th. The Goldman Sachs Group raised their target price on shares of TD SYNNEX from $145.00 to $164.00 and gave the company a "buy" rating in a research note on Thursday, September 25th. Royal Bank Of Canada raised their target price on shares of TD SYNNEX from $165.00 to $180.00 and gave the company an "outperform" rating in a research note on Friday, September 26th. Morgan Stanley raised their price objective on shares of TD SYNNEX from $173.00 to $181.00 and gave the company an "overweight" rating in a research report on Friday, September 26th. Finally, UBS Group raised their price objective on shares of TD SYNNEX from $154.00 to $187.00 and gave the company a "buy" rating in a research report on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $169.55.

TD SYNNEX Stock Performance

NYSE:SNX opened at $156.72 on Thursday. TD SYNNEX Corporation has a twelve month low of $92.23 and a twelve month high of $167.76. The company has a current ratio of 1.20, a quick ratio of 0.71 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average of $152.17 and a 200-day moving average of $133.80. The firm has a market cap of $12.76 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 1.20 and a beta of 1.43.

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

TD SYNNEX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders 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 is Friday, October 17th. TD SYNNEX's dividend payout ratio (DPR) is presently 19.09%.

About TD SYNNEX

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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