Callan Family Office LLC purchased a new position in shares of TD SYNNEX Corporation (NYSE:SNX - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,717 shares of the business services provider's stock, valued at approximately $2,330,000.
Several other large investors have also bought and sold shares of SNX. Bell Investment Advisors Inc bought a new position in TD SYNNEX in the second quarter valued at approximately $27,000. Ossiam increased its stake in TD SYNNEX by 84.3% in the third quarter. Ossiam now owns 164 shares of the business services provider's stock valued at $27,000 after purchasing an additional 75 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of TD SYNNEX in the 4th quarter valued at $28,000. Measured Wealth Private Client Group LLC bought a new stake in shares of TD SYNNEX in the third quarter worth about $30,000. Finally, Lloyd Advisory Services LLC. bought a new stake in TD SYNNEX during the 4th quarter worth approximately $32,000. 84.00% of the stock is currently owned by institutional investors and hedge funds.
TD SYNNEX Trading Down 0.3%
SNX opened at $250.14 on Friday. The firm has a market capitalization of $20.00 billion, a price-to-earnings ratio of 17.91, a PEG ratio of 0.71 and a beta of 1.44. TD SYNNEX Corporation has a fifty-two week low of $142.22 and a fifty-two week high of $296.47. The company's 50 day moving average price is $257.93 and its two-hundred day moving average price is $219.87. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.20 and a quick ratio of 0.64.
TD SYNNEX (NYSE:SNX - Get Free Report) last released its earnings results on Thursday, June 25th. The business services provider reported $4.85 earnings per share for the quarter, beating analysts' consensus estimates of $4.14 by $0.71. TD SYNNEX had a net margin of 1.63% and a return on equity of 15.37%. The business had revenue of $19.57 billion during the quarter, compared to the consensus estimate of $16.80 billion. During the same quarter in the prior year, the firm posted $2.99 EPS. The company's revenue for the quarter 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, research analysts predict that TD SYNNEX Corporation will post 18.01 earnings per share for the current year.
TD SYNNEX Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 17th were given a dividend of $0.48 per share. 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 0.8%. TD SYNNEX's dividend payout ratio is 13.74%.
Insider Transactions at TD SYNNEX
In related news, Director Richard T. Hume sold 5,000 shares of the company'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 sale, the director owned 13,537 shares in the company, valued at $3,549,536.77. This represents a 26.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ann F. Vezina sold 1,273 shares of the firm'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 sale, the director directly owned 5,828 shares of the company's stock, valued at $1,492,259.40. This represents a 17.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 16,273 shares of company stock valued at $4,253,752. Company insiders own 0.70% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on SNX shares. The Goldman Sachs Group set a $330.00 target price on TD SYNNEX in a research report on Friday, June 26th. Zacks Research raised shares of TD SYNNEX from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 30th. UBS Group lifted their price objective on shares of TD SYNNEX from $310.00 to $352.00 and gave the stock a "buy" rating in a research report on Friday, June 26th. Barrington Research lifted their price target on TD SYNNEX from $202.00 to $325.00 and gave the stock an "outperform" rating in a report on Friday, June 26th. Finally, Royal Bank Of Canada set a $340.00 price objective on shares of TD SYNNEX in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, TD SYNNEX currently has a consensus rating of "Buy" and a consensus price target of $294.67.
View Our Latest Stock Report on TD SYNNEX
TD SYNNEX Profile
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Free Report)
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.
See Also
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