22,990 Shares in TD SYNNEX Corporation $SNX Purchased by Cinctive Capital Management LP

Key Points

• Cinctive Capital Management LP acquired a new stake in TD SYNNEX Corporation, purchasing 22,990 shares for approximately $2.39 million in the first quarter.
• Analysts have raised their price targets for TD SYNNEX, with Bank of America setting a new target of $170.00 and eight analysts rating it a "Buy."
• TD SYNNEX announced a quarterly dividend of $0.44, translating to an annualized dividend yield of 1.2% and a payout ratio of 20.56%.

Cinctive Capital Management LP purchased a new stake in TD SYNNEX Corporation (NYSE:SNX - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 22,990 shares of the business services provider's stock, valued at approximately $2,390,000.

A number of other hedge funds have also recently bought and sold shares of SNX. Ellevest Inc. lifted its position in shares of TD SYNNEX by 3.9% in the fourth quarter. Ellevest Inc. now owns 2,384 shares of the business services provider's stock valued at $280,000 after buying an additional 90 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of TD SYNNEX by 1.6% in the first quarter. Crossmark Global Holdings Inc. now owns 6,063 shares of the business services provider's stock valued at $630,000 after buying an additional 94 shares during the last quarter. State of Michigan Retirement System lifted its position in shares of TD SYNNEX by 0.6% in the first quarter. State of Michigan Retirement System now owns 18,021 shares of the business services provider's stock valued at $1,873,000 after buying an additional 100 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in shares of TD SYNNEX by 0.5% in the first quarter. Louisiana State Employees Retirement System now owns 21,100 shares of the business services provider's stock valued at $2,194,000 after buying an additional 100 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in TD SYNNEX by 16.8% during the 1st quarter. GAMMA Investing LLC now owns 750 shares of the business services provider's stock worth $78,000 after purchasing an additional 108 shares during the last quarter. 84.00% of the stock is currently owned by institutional investors.

TD SYNNEX Stock Performance

Shares of SNX stock traded up $1.90 during trading on Wednesday, hitting $151.17. The company's stock had a trading volume of 283,380 shares, compared to its average volume of 774,766. The company has a market cap of $12.47 billion, a PE ratio of 17.64, a P/E/G ratio of 1.22 and a beta of 1.35. The company has a current ratio of 1.26, a quick ratio of 0.75 and a debt-to-equity ratio of 0.45. The business has a fifty day moving average of $145.41 and a 200-day moving average of $129.02. TD SYNNEX Corporation has a 52 week low of $92.23 and a 52 week high of $153.70.

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

TD SYNNEX Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have weighed in on SNX. Barrington Research reaffirmed an "outperform" rating and issued a $156.00 price objective on shares of TD SYNNEX in a report on Friday, July 11th. Bank of America boosted their price target on TD SYNNEX from $156.00 to $170.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Morgan Stanley set a $155.00 price objective on TD SYNNEX and gave the stock an "overweight" rating in a research report on Wednesday, June 25th. Wall Street Zen upgraded TD SYNNEX from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Finally, Barclays set a $140.00 price target on TD SYNNEX in a research report on Tuesday, June 24th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, TD SYNNEX has a consensus rating of "Moderate Buy" and a consensus price target of $151.30.

Insider Transactions at TD SYNNEX

In other news, Director Ann F. Vezina sold 812 shares of the firm's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $150.42, for a total transaction of $122,141.04. Following the transaction, the director directly owned 6,079 shares of the company's stock, valued at approximately $914,403.18. This trade represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard T. Hume sold 63,310 shares of the firm's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $136.23, for a total value of $8,624,721.30. Following the transaction, the director directly owned 67,515 shares in the company, valued at $9,197,568.45. This trade represents a 48.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 66,888 shares of company stock worth $9,115,025. Company insiders own 1.00% of the company's stock.

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.