4,217 Shares in TD SYNNEX Corporation $SNX Purchased by Revolve Wealth Partners LLC

Key Points

• Revolve Wealth Partners initiated a position in TD SYNNEX by purchasing 4,217 shares valued at approximately $1.13 million. Institutional investors collectively own about 84% of the company.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $294.67; recent targets range from $278 to $352.
• TD SYNNEX reported a strong quarter, with adjusted EPS of $4.85 beating estimates by $0.71 and revenue rising 31% year over year to $19.57 billion. The company also maintains a quarterly dividend of $0.48 per share, yielding about 0.8%.

Revolve Wealth Partners LLC acquired a new position in shares of TD SYNNEX Corporation (NYSE:SNX - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,217 shares of the business services provider's stock, valued at approximately $1,127,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of TD SYNNEX by 9.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,820 shares of the business services provider's stock valued at $1,749,000 after purchasing an additional 1,460 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of TD SYNNEX by 5.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 179,210 shares of the business services provider's stock worth $18,631,000 after buying an additional 9,815 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in TD SYNNEX by 6.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 204,172 shares of the business services provider's stock valued at $21,226,000 after buying an additional 12,615 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in TD SYNNEX during the 2nd quarter valued at approximately $818,000. Finally, EverSource Wealth Advisors LLC raised its stake in TD SYNNEX by 17.4% during the second quarter. EverSource Wealth Advisors LLC now owns 852 shares of the business services provider's stock valued at $116,000 after buying an additional 126 shares during the last quarter. Hedge funds and other institutional investors own 84.00% of the company's stock.

Wall Street Analyst Weigh In

SNX has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised TD SYNNEX from a "neutral" rating to an "overweight" rating and set a $298.00 target price on the stock in a research note on Wednesday, May 27th. Barrington Research lifted their price target on TD SYNNEX from $202.00 to $325.00 and gave the stock an "outperform" rating in a research report on Friday, June 26th. Royal Bank Of Canada set a $340.00 price objective on shares of TD SYNNEX in a research report on Friday, June 26th. UBS Group raised their price objective on shares of TD SYNNEX from $310.00 to $352.00 and gave the company a "buy" rating in a research note on Friday, June 26th. Finally, Barclays lifted their target price on shares of TD SYNNEX from $237.00 to $278.00 and gave the stock an "equal weight" rating in a report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $294.67.

TD SYNNEX Stock Up 0.3%

SNX stock opened at $253.10 on Tuesday. TD SYNNEX Corporation has a fifty-two week low of $142.22 and a fifty-two week high of $296.47. The business's 50-day moving average is $261.45 and its two-hundred day moving average is $214.02. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.64 and a current ratio of 1.20. The company has a market cap of $20.24 billion, a price-to-earnings ratio of 18.12, a P/E/G ratio of 0.71 and a beta of 1.44.

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

TD SYNNEX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 17th were issued a $0.48 dividend. The ex-dividend date of this dividend was Friday, July 17th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.8%. TD SYNNEX's dividend payout ratio (DPR) is presently 13.74%.

Insider Activity at TD SYNNEX

In other news, Director Richard T. Hume sold 5,000 shares of TD SYNNEX stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $262.21, for a total transaction of $1,311,050.00. Following the transaction, the director owned 13,537 shares in the company, valued at $3,549,536.77. This trade represents a 26.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ann F. Vezina sold 1,273 shares of the business's stock in a transaction on Friday, July 31st. The shares were sold at an average price of $256.05, for a total transaction of $325,951.65. Following the sale, the director directly owned 5,828 shares of the company's stock, valued at approximately $1,492,259.40. The trade was a 17.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 21,273 shares of company stock valued at $5,401,452 over the last 90 days. 0.70% of the stock is currently owned by company insiders.

About TD SYNNEX

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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