Canada Pension Plan Investment Board Invests $28.31 Million in TD SYNNEX Corporation $SNX

Key Points

• Canada Pension Plan Investment Board purchased 105,900 TD SYNNEX shares worth approximately $28.31 million, giving it a 0.13% stake. Institutional investors collectively own 84% of the company.
• Analysts maintain a generally positive outlook, with eight Buy ratings and two Holds producing a consensus “Moderate Buy” rating and a $294.67 price target. Morgan Stanley and UBS recently raised their targets to $374 and $352, respectively.
• TD SYNNEX reported quarterly EPS of $4.85, beating estimates of $4.14, while revenue rose 31% year over year to $19.57 billion. The company also declared a quarterly dividend of $0.48 per share, yielding about 0.8% annually.

Canada Pension Plan Investment Board purchased a new stake in shares of TD SYNNEX Corporation (NYSE:SNX - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 105,900 shares of the business services provider's stock, valued at approximately $28,311,000. Canada Pension Plan Investment Board owned approximately 0.13% of TD SYNNEX at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Bell Investment Advisors Inc bought a new stake in TD SYNNEX during the 2nd quarter valued at $27,000. Ossiam grew its position in shares of 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. Fiduciary Financial Advisors bought a new stake in shares of TD SYNNEX during the 2nd quarter valued at $28,000. Aster Capital Management DIFC Ltd bought a new stake in shares of TD SYNNEX during the 4th quarter valued at $28,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in TD SYNNEX during the 3rd quarter worth about $30,000. 84.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SNX has been the subject of a number of recent analyst reports. Zacks Research lowered TD SYNNEX from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Weiss Ratings lowered shares of TD SYNNEX from a "buy (b+)" rating to a "buy (b)" rating in a research report on Wednesday, June 17th. Morgan Stanley boosted their price objective on shares of TD SYNNEX from $341.00 to $374.00 and gave the company an "overweight" rating in a research note on Friday, June 26th. UBS Group increased their price objective on TD SYNNEX from $310.00 to $352.00 and gave the stock a "buy" rating in a research report on Friday, June 26th. Finally, Royal Bank Of Canada set a $340.00 target price on shares of TD SYNNEX in a research report on Friday, June 26th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, TD SYNNEX presently has a consensus rating of "Moderate Buy" and a consensus price target of $294.67.

Insider Transactions at TD SYNNEX

In other news, Director Richard T. Hume sold 5,000 shares of TD SYNNEX stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $242.97, for a total value of $1,214,850.00. Following the transaction, the director owned 18,537 shares in the company, valued at approximately $4,503,934.89. The trade was a 21.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ann F. Vezina sold 1,273 shares of the business's stock in a transaction dated 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 sale, the director directly 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 position. The disclosure for this sale is available in the SEC filing. Insiders have sold 16,273 shares of company stock worth $4,253,752 over the last ninety days. Insiders own 0.70% of the company's stock.

TD SYNNEX Trading Down 2.5%

SNX stock opened at $253.62 on Friday. The company has a market capitalization of $20.28 billion, a PE ratio of 18.15, a price-to-earnings-growth ratio of 0.73 and a beta of 1.44. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.64 and a current ratio of 1.20. TD SYNNEX Corporation has a one year low of $142.22 and a one year high of $296.47. The company's 50 day moving average price is $254.85 and its two-hundred day moving average price is $222.97.

TD SYNNEX (NYSE:SNX - Get Free Report) last announced its quarterly earnings data on Thursday, June 25th. The business services provider reported $4.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.14 by $0.71. The company had revenue of $19.57 billion during the quarter, compared to analysts' expectations of $16.80 billion. TD SYNNEX had a net margin of 1.63% and a return on equity of 15.37%. The firm's revenue was up 31.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.99 EPS. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. As a group, analysts predict that TD SYNNEX Corporation will post 18.01 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

The firm 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. This represents a $1.92 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, July 17th. TD SYNNEX's dividend payout ratio is presently 13.74%.

TD SYNNEX Company 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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