40,040 Shares in TD SYNNEX Corporation $SNX Bought by Globeflex Capital L P

Globeflex Capital L P acquired a new stake in shares of TD SYNNEX Corporation (NYSE:SNX - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 40,040 shares of the business services provider's stock, valued at approximately $10,704,000. TD SYNNEX comprises 1.4% of Globeflex Capital L P's holdings, making the stock its 11th largest position. Globeflex Capital L P owned approximately 0.05% of TD SYNNEX as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of SNX. Bank of Nova Scotia acquired a new position in shares of TD SYNNEX in the 2nd quarter valued at $2,594,000. Compass Financial Management LLC bought a new position in shares of TD SYNNEX in the second quarter valued at approximately $38,000. Commerce Bank acquired a new position in TD SYNNEX in the second quarter worth $1,090,000. Pinnbrook Capital Management LP acquired a new position in TD SYNNEX during the 2nd quarter worth about $7,379,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of TD SYNNEX during the second quarter valued at approximately $897,000. 84.00% of the stock is currently owned by institutional investors.

Insider Transactions at TD SYNNEX

In other news, Director Ann F. Vezina sold 1,273 shares of the company's stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $256.05, for a total value of $325,951.65. Following the transaction, the director owned 5,828 shares of the company's stock, valued at approximately $1,492,259.40. This represents a 17.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard T. Hume sold 5,000 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $242.97, for a total value of $1,214,850.00. Following the transaction, the director owned 18,537 shares in the company, valued at $4,503,934.89. The trade was a 21.24% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 16,273 shares of company stock worth $4,253,752. 0.70% of the stock is owned by company insiders.

TD SYNNEX Stock Performance

Shares of TD SYNNEX stock opened at $250.14 on Monday. The stock has a market cap of $20.00 billion, a P/E ratio of 17.91, a P/E/G ratio of 0.71 and a beta of 1.44. The company has a quick ratio of 0.64, a current ratio of 1.20 and a debt-to-equity ratio of 0.40. The business's 50 day moving average is $257.93 and its 200-day moving average is $220.29. TD SYNNEX Corporation has a 12-month low of $142.22 and a 12-month high of $296.47.

TD SYNNEX (NYSE:SNX - Get Free Report) last announced its quarterly earnings data on Thursday, June 25th. The business services provider reported $4.85 EPS for the quarter, beating analysts' consensus estimates of $4.14 by $0.71. TD SYNNEX had a net margin of 1.63% and a return on equity of 15.37%. The company had revenue of $19.57 billion during the quarter, compared to the consensus estimate of $16.80 billion. During the same quarter last year, the firm posted $2.99 EPS. The company's quarterly revenue was up 31.0% on a year-over-year basis. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Equities research analysts predict that TD SYNNEX Corporation will post 18.01 earnings per share for the current fiscal year.

TD SYNNEX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 17th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, July 17th. TD SYNNEX's payout ratio is 13.74%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SNX. Royal Bank Of Canada set a $340.00 price objective on TD SYNNEX in a research report on Friday, June 26th. JPMorgan Chase & Co. upgraded shares of TD SYNNEX from a "neutral" rating to an "overweight" rating and set a $298.00 price target on the stock in a research report on Wednesday, May 27th. Barrington Research lifted their target price on TD SYNNEX from $202.00 to $325.00 and gave the stock an "outperform" rating in a report on Friday, June 26th. Morgan Stanley upped their price target on shares of TD SYNNEX from $341.00 to $374.00 and gave the company an "overweight" rating in a report on Friday, June 26th. Finally, Weiss Ratings cut TD SYNNEX from a "buy (b+)" rating to a "buy (b)" rating in a report on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $294.67.

TD SYNNEX 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.

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