Caisse DE Depot ET Placement DU Quebec Makes New Investment in TD SYNNEX Corporation $SNX

Key Points

• Caisse DE Depot ET Placement DU Quebec acquired 14,800 shares of TD SYNNEX Corporation, valued at approximately $1.5 million, during the 1st quarter.
• Several institutional investors, including Mariner LLC and Stifel Financial Corp, have significantly increased their stakes in TD SYNNEX over the past quarter.
• TD SYNNEX reported quarterly earnings beating analysts' expectations, with $2.99 EPS and revenue of $14.95 billion, a year-over-year increase of 7.2%.

Caisse DE Depot ET Placement DU Quebec purchased a new position in TD SYNNEX Corporation (NYSE:SNX - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 14,800 shares of the business services provider's stock, valued at approximately $1,539,000.

Other hedge funds have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in TD SYNNEX by 329.8% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 245 shares of the business services provider's stock valued at $25,000 after acquiring an additional 188 shares during the last quarter. Versant Capital Management Inc lifted its position in TD SYNNEX by 115.1% during the first quarter. Versant Capital Management Inc now owns 342 shares of the business services provider's stock valued at $36,000 after acquiring an additional 183 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new stake in TD SYNNEX during the first quarter valued at approximately $44,000. State of Wyoming lifted its position in TD SYNNEX by 51.9% during the fourth quarter. State of Wyoming now owns 594 shares of the business services provider's stock valued at $70,000 after acquiring an additional 203 shares during the last quarter. Finally, SVB Wealth LLC purchased a new stake in TD SYNNEX during the first quarter valued at approximately $72,000. Hedge funds and other institutional investors own 84.00% of the company's stock.

TD SYNNEX Stock Performance

SNX stock traded up $0.73 during midday trading on Wednesday, hitting $147.31. 154,766 shares of the stock traded hands, compared to its average volume of 779,284. The firm has a market cap of $12.15 billion, a P/E ratio of 17.18, a PEG ratio of 1.21 and a beta of 1.35. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.26 and a quick ratio of 0.75. The stock's fifty day simple moving average is $144.10 and its 200-day simple moving average is $128.82. TD SYNNEX Corporation has a 1-year low of $92.23 and a 1-year high of $153.70.

TD SYNNEX (NYSE:SNX - Get Free Report) last posted its quarterly earnings data on Tuesday, June 24th. The business services provider reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $0.28. The business had revenue of $14.95 billion for the quarter, compared to the consensus estimate of $14.30 billion. TD SYNNEX had a net margin of 1.21% and a return on equity of 11.58%. The company's revenue was up 7.2% compared to the same quarter last year. During the same period last year, the firm posted $2.73 earnings per share. TD SYNNEX has set its Q3 2025 guidance at 2.750-3.250 EPS. On average, analysts expect that TD SYNNEX Corporation will post 11.88 earnings per share for the current year.

TD SYNNEX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, July 11th. TD SYNNEX's dividend payout ratio (DPR) is presently 20.56%.

Analysts Set New Price Targets

SNX has been the subject of a number of analyst reports. Barrington Research reissued an "outperform" rating and set a $156.00 target price on shares of TD SYNNEX in a research report on Friday, July 11th. Bank of America raised their price target on shares of TD SYNNEX from $156.00 to $170.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Wall Street Zen raised shares of TD SYNNEX from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Morgan Stanley set a $155.00 price target on shares of TD SYNNEX and gave the stock an "overweight" rating in a report on Wednesday, June 25th. Finally, Barclays set a $140.00 price target on shares of TD SYNNEX in a report on Tuesday, June 24th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $151.30.

Insider Activity at TD SYNNEX

In other TD SYNNEX news, Director Richard T. Hume sold 63,310 shares of the stock in a transaction on Friday, June 27th. The shares were sold at an average price of $136.23, for a total transaction of $8,624,721.30. Following the transaction, the director directly owned 67,515 shares of the company's stock, valued at $9,197,568.45. This trade represents a 48.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Marshall Witt sold 1,509 shares of the firm's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $125.35, for a total transaction of $189,153.15. Following the completion of the transaction, the chief financial officer directly owned 49,563 shares in the company, valued at approximately $6,212,722.05. This represents a 2.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 66,888 shares of company stock valued at $9,115,025. 1.00% of the stock is currently owned by company insiders.

TD SYNNEX 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.