Bayforest Capital Ltd Invests $478,000 in TD SYNNEX Corporation $SNX

Key Points

• Bayforest Capital Ltd invested approximately $478,000 in TD SYNNEX Corporation, acquiring 3,519 shares during the second quarter.
• Wall Street analysts have increased their price targets for TD SYNNEX, with Morgan Stanley setting a new target of $181.00 and other firms issuing buy ratings, indicating a generally positive outlook.
• TD SYNNEX recently announced a quarterly dividend of $0.44 per share, marking a 1.1% yield and demonstrating strong corporate governance with a low payout ratio of 19.09%.

Bayforest Capital Ltd purchased a new stake in TD SYNNEX Corporation (NYSE:SNX - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,519 shares of the business services provider's stock, valued at approximately $478,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SNX. Morningstar Investment Management LLC bought a new position in shares of TD SYNNEX in the 2nd quarter valued at about $255,000. Sequoia Financial Advisors LLC bought a new position in TD SYNNEX during the second quarter worth about $353,000. Vest Financial LLC acquired a new position in TD SYNNEX during the second quarter worth approximately $229,000. Leith Wheeler Investment Counsel Ltd. bought a new stake in TD SYNNEX in the second quarter valued at approximately $40,663,000. Finally, Vanguard Personalized Indexing Management LLC lifted its position in shares of TD SYNNEX by 8.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,979 shares of the business services provider's stock valued at $1,490,000 after buying an additional 838 shares during the last quarter. Institutional investors own 84.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on SNX shares. Morgan Stanley upped their price objective on shares of TD SYNNEX from $173.00 to $181.00 and gave the company an "overweight" rating in a report on Friday, September 26th. Bank of America upped their price target on shares of TD SYNNEX from $170.00 to $180.00 and gave the company a "buy" rating in a research note on Friday, September 26th. The Goldman Sachs Group raised their price objective on shares of TD SYNNEX from $145.00 to $164.00 and gave the stock a "buy" rating in a research report on Thursday, September 25th. Loop Capital boosted their price objective on TD SYNNEX from $150.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, June 30th. Finally, Royal Bank Of Canada increased their target price on TD SYNNEX from $165.00 to $180.00 and gave the stock an "outperform" rating in a research note on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, TD SYNNEX has an average rating of "Moderate Buy" and a consensus target price of $169.55.

Insider Transactions at TD SYNNEX

In other news, CFO Marshall Witt sold 861 shares of the firm's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $149.84, for a total value of $129,012.24. Following the sale, the chief financial officer directly owned 49,777 shares in the company, valued at approximately $7,458,585.68. This trade represents a 1.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Alim Dhanji sold 1,257 shares of the company's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $142.41, for a total transaction of $179,009.37. Following the transaction, the insider owned 10,984 shares of the company's stock, valued at approximately $1,564,231.44. This represents a 10.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,930 shares of company stock valued at $430,163. 1.00% of the stock is currently owned by insiders.

TD SYNNEX Price Performance

Shares of NYSE:SNX opened at $155.01 on Wednesday. The company has a current ratio of 1.20, a quick ratio of 0.71 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $12.62 billion, a PE ratio of 16.81, a PEG ratio of 1.19 and a beta of 1.43. The firm has a 50 day moving average of $151.88 and a 200-day moving average of $133.65. TD SYNNEX Corporation has a 12 month low of $92.23 and a 12 month high of $167.76.

TD SYNNEX (NYSE:SNX - Get Free Report) last announced its quarterly earnings data on Thursday, September 25th. The business services provider reported $2.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.05 by ($0.31). The firm had revenue of $15.65 billion during the quarter, compared to the consensus estimate of $15.11 billion. TD SYNNEX had a net margin of 1.27% and a return on equity of 12.13%. The business's revenue was up 6.6% compared to the same quarter last year. During the same period last year, the business earned $2.86 earnings per share. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. On average, equities research analysts predict that TD SYNNEX Corporation will post 11.88 EPS for the current fiscal year.

TD SYNNEX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, October 17th. This represents a $1.76 annualized dividend and a yield of 1.1%. TD SYNNEX's payout ratio is presently 19.09%.

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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