27,826 Shares in TD SYNNEX Corporation $SNX Bought by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board purchased 27,826 shares of TD SYNNEX, valued at approximately $2.89 million, marking their entry into the company's stock during the 1st quarter.
• Analysts have set a consensus price target of $149.30 for TD SYNNEX, with eight analysts rating the stock as a Buy and two as a Hold.
• TD SYNNEX recently announced a quarterly dividend of $0.44 per share, which translates to an annualized yield of approximately 1.2%.

Public Sector Pension Investment Board bought a new position in TD SYNNEX Corporation (NYSE:SNX - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 27,826 shares of the business services provider's stock, valued at approximately $2,893,000.

Several other hedge funds also recently made changes to their positions in the company. Brave Warrior Advisors LLC lifted its stake in shares of TD SYNNEX by 12.2% in the 4th quarter. Brave Warrior Advisors LLC now owns 4,147,172 shares of the business services provider's stock worth $486,380,000 after acquiring an additional 451,557 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of TD SYNNEX by 16.9% in the 1st quarter. JPMorgan Chase & Co. now owns 3,899,974 shares of the business services provider's stock worth $405,441,000 after acquiring an additional 564,473 shares during the period. Ninety One UK Ltd lifted its stake in shares of TD SYNNEX by 8.5% in the 1st quarter. Ninety One UK Ltd now owns 2,565,191 shares of the business services provider's stock worth $266,677,000 after acquiring an additional 200,628 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of TD SYNNEX by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,266,614 shares of the business services provider's stock worth $265,826,000 after acquiring an additional 31,404 shares during the period. Finally, LSV Asset Management lifted its stake in shares of TD SYNNEX by 10.3% in the 1st quarter. LSV Asset Management now owns 1,891,769 shares of the business services provider's stock worth $196,668,000 after acquiring an additional 175,922 shares during the period. Institutional investors and hedge funds own 84.00% of the company's stock.

Analyst Ratings Changes

SNX has been the subject of several recent analyst reports. Morgan Stanley set a $155.00 target price on shares of TD SYNNEX and gave the stock an "overweight" rating in a research note on Wednesday, June 25th. JPMorgan Chase & Co. increased their price target on shares of TD SYNNEX from $143.00 to $160.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Bank of America increased their price target on shares of TD SYNNEX from $156.00 to $170.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Barclays set a $140.00 price target on shares of TD SYNNEX in a report on Tuesday, June 24th. Finally, Barrington Research reiterated an "outperform" rating and issued a $156.00 price target on shares of TD SYNNEX in a report on Friday, July 11th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, TD SYNNEX currently has an average rating of "Moderate Buy" and a consensus price target of $149.30.

Insider Activity

In other news, 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 transaction of $122,141.04. Following the completion of the sale, the director directly owned 6,079 shares in the company, valued at $914,403.18. The trade was a 11.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Marshall Witt sold 1,509 shares of TD SYNNEX stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $125.35, for a total transaction of $189,153.15. Following the sale, the chief financial officer owned 49,563 shares of the company's stock, valued at approximately $6,212,722.05. This trade represents a 2.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,888 shares of company stock valued at $9,115,025. 1.00% of the stock is owned by corporate insiders.

TD SYNNEX Stock Performance

NYSE:SNX opened at $146.2590 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 0.75 and a debt-to-equity ratio of 0.45. The firm has a 50-day moving average price of $139.84 and a two-hundred day moving average price of $128.44. TD SYNNEX Corporation has a twelve month low of $92.23 and a twelve month high of $153.70. The company has a market capitalization of $12.06 billion, a P/E ratio of 17.09, a price-to-earnings-growth ratio of 1.20 and a beta of 1.32.

TD SYNNEX (NYSE:SNX - Get Free Report) last posted its earnings results on Tuesday, June 24th. The business services provider reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.28. TD SYNNEX had a net margin of 1.21% and a return on equity of 11.58%. The firm had revenue of $14.95 billion during the quarter, compared to the consensus estimate of $14.30 billion. During the same period last year, the firm posted $2.73 EPS. The firm's revenue for the quarter was up 7.2% on a year-over-year basis. TD SYNNEX has set its Q3 2025 guidance at 2.750-3.250 EPS. As a group, research analysts expect that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, July 11th. TD SYNNEX's dividend payout ratio (DPR) is 20.56%.

TD SYNNEX Company 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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