Amundi Sells 8,202 Shares of TD SYNNEX Corporation $SNX

Amundi lowered its holdings in TD SYNNEX Corporation (NYSE:SNX - Free Report) by 11.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,599 shares of the business services provider's stock after selling 8,202 shares during the period. Amundi owned approximately 0.08% of TD SYNNEX worth $16,468,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SNX. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in TD SYNNEX in the 2nd quarter worth approximately $3,208,000. California State Teachers Retirement System grew its position in TD SYNNEX by 27,034.6% in the second quarter. California State Teachers Retirement System now owns 22,852,758 shares of the business services provider's stock worth $6,109,456,000 after acquiring an additional 22,768,538 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in TD SYNNEX in the second quarter valued at $45,000. HB Wealth Management LLC raised its position in TD SYNNEX by 1.2% during the second quarter. HB Wealth Management LLC now owns 5,505 shares of the business services provider's stock valued at $1,472,000 after purchasing an additional 65 shares in the last quarter. Finally, Nilsine Partners LLC lifted its stake in TD SYNNEX by 5.9% during the second quarter. Nilsine Partners LLC now owns 1,465 shares of the business services provider's stock worth $392,000 after purchasing an additional 82 shares during the last quarter. 84.00% of the stock is currently owned by institutional investors.

TD SYNNEX Stock Up 5.3%

NYSE SNX opened at $269.18 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.20 and a quick ratio of 0.64. The stock has a market capitalization of $21.52 billion, a PE ratio of 19.27, a PEG ratio of 0.72 and a beta of 1.43. TD SYNNEX Corporation has a 1 year low of $142.22 and a 1 year high of $296.47. The business's 50-day moving average is $252.85 and its 200 day moving average is $229.61.

TD SYNNEX (NYSE:SNX - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $19.57 billion during the quarter, compared to analyst estimates of $16.80 billion. TD SYNNEX had a return on equity of 15.37% and a net margin of 1.63%.TD SYNNEX's quarterly revenue was up 31.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.99 EPS. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Sell-side 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 declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 17th were paid 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 yield of 0.7%. TD SYNNEX's dividend payout ratio (DPR) is presently 13.74%.

Insider Buying and Selling at TD SYNNEX

In other TD SYNNEX news, Director Ann F. Vezina sold 1,273 shares of the company's stock in a transaction on Friday, July 31st. The shares were sold at an average price of $256.05, for a total value of $325,951.65. Following the completion of the transaction, the director directly owned 5,828 shares in the company, valued at approximately $1,492,259.40. This represents a 17.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard T. Hume sold 5,000 shares of the firm's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $262.21, for a total transaction of $1,311,050.00. Following the completion of the sale, the director directly owned 13,537 shares of the company's stock, valued at approximately $3,549,536.77. This represents a 26.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 11,273 shares of company stock worth $2,851,852. 0.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

SNX has been the subject of a number of research reports. Barclays upped their price objective on TD SYNNEX from $278.00 to $287.00 and gave the stock an "equal weight" rating in a report on Tuesday. Zacks Research lowered TD SYNNEX from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 25th. Morgan Stanley increased their price target on shares of TD SYNNEX from $341.00 to $374.00 and gave the company an "overweight" rating in a research report on Friday, June 26th. UBS Group boosted their price objective on shares of TD SYNNEX from $310.00 to $352.00 and gave the stock a "buy" rating in a report on Friday, June 26th. Finally, JPMorgan Chase & Co. raised shares of TD SYNNEX from a "neutral" rating to an "overweight" rating and set a $298.00 target price on the stock in a report on Wednesday, May 27th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, TD SYNNEX presently has a consensus rating of "Moderate Buy" and an average target price of $295.67.

About TD SYNNEX

TD SYNNEX Corporation NYSE: SNX is a global technology distributor and solutions aggregator that connects technology manufacturers with resellers, systems integrators, managed service providers and other business partners. The company helps its partners design, procure, configure and deliver technology solutions to organizations across a range of industries.

Its portfolio includes personal computing devices, peripherals, networking equipment, data-center infrastructure, cybersecurity products, software and cloud services.

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