60,490 Shares in TD SYNNEX Corporation $SNX Bought by Caisse de depot et placement du Quebec

Key Points

• Caisse de dépôt et placement du Québec acquired 60,490 TD SYNNEX shares worth approximately $16.2 million, giving it a 0.08% stake. Institutional investors collectively own about 84% of the company.
• TD SYNNEX reported quarterly earnings of $4.85 per share, surpassing the $4.14 consensus estimate, while revenue rose 31% year over year to $19.57 billion. The company issued third-quarter EPS guidance of $4.25–$4.75.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $294.67, compared with a recent share price of $253.62. TD SYNNEX also pays a quarterly dividend of $0.48 per share, yielding approximately 0.8%.

Caisse de depot et placement du Quebec 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 Form 13F filing with the Securities & Exchange Commission. The firm acquired 60,490 shares of the business services provider's stock, valued at approximately $16,171,000. Caisse de depot et placement du Quebec owned about 0.08% of TD SYNNEX at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SNX. Ossiam raised its position in TD SYNNEX by 84.3% during the third quarter. Ossiam now owns 164 shares of the business services provider's stock valued at $27,000 after acquiring an additional 75 shares in the last quarter. Bell Investment Advisors Inc bought a new stake in TD SYNNEX in the second quarter worth approximately $27,000. Aster Capital Management DIFC Ltd acquired a new position in shares of TD SYNNEX during the 4th quarter worth $28,000. Fiduciary Financial Advisors bought a new position in shares of TD SYNNEX during the 2nd quarter valued at $28,000. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of TD SYNNEX during the 3rd quarter valued at $30,000. Hedge funds and other institutional investors own 84.00% of the company's stock.

TD SYNNEX Price Performance

NYSE SNX opened at $253.62 on Friday. TD SYNNEX Corporation has a 1 year low of $142.22 and a 1 year high of $296.47. The company has a fifty day simple moving average of $254.85 and a 200 day simple moving average of $222.97. The company has a current ratio of 1.20, a quick ratio of 0.64 and a debt-to-equity ratio of 0.40. The company has a market cap of $20.28 billion, a P/E ratio of 18.15, a P/E/G ratio of 0.73 and a beta of 1.44.

TD SYNNEX (NYSE:SNX - Get Free Report) last announced its earnings results on Thursday, June 25th. The business services provider reported $4.85 EPS for the quarter, topping the consensus estimate of $4.14 by $0.71. The firm had revenue of $19.57 billion for the quarter, compared to the consensus estimate of $16.80 billion. TD SYNNEX had a net margin of 1.63% and a return on equity of 15.37%. The business's quarterly revenue was up 31.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.99 EPS. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. On average, sell-side analysts predict that TD SYNNEX Corporation will post 18.01 EPS 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 given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, July 17th. TD SYNNEX's payout ratio is currently 13.74%.

Insider Activity at TD SYNNEX

In other TD SYNNEX news, Director Richard T. Hume sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $262.21, for a total value of $1,311,050.00. Following the sale, the director owned 13,537 shares of the company's stock, valued at $3,549,536.77. This trade represents a 26.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 trade represents a 17.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 16,273 shares of company stock valued at $4,253,752. 0.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

SNX has been the subject of a number of recent research reports. Weiss Ratings cut shares of TD SYNNEX from a "buy (b+)" rating to a "buy (b)" rating in a report on Wednesday, June 17th. The Goldman Sachs Group set a $330.00 target price on TD SYNNEX in a report on Friday, June 26th. Barclays boosted their price target on TD SYNNEX from $237.00 to $278.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 2nd. JPMorgan Chase & Co. upgraded TD SYNNEX from a "neutral" rating to an "overweight" rating and set a $298.00 price target for the company in a research note on Wednesday, May 27th. Finally, Morgan Stanley increased their price objective on TD SYNNEX from $341.00 to $374.00 and gave the company an "overweight" rating in a report on Friday, June 26th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target 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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