Corient Private Wealth LP bought a new position in TD SYNNEX Corporation (NYSE:SNX - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 31,201 shares of the business services provider's stock, valued at approximately $8,341,000.
A number of other institutional investors have also recently bought and sold shares of SNX. Gamco Investors INC. ET AL raised its stake in TD SYNNEX by 1.1% during the first quarter. Gamco Investors INC. ET AL now owns 4,667 shares of the business services provider's stock worth $787,000 after purchasing an additional 52 shares during the period. Essex Financial Services Inc. grew its stake in shares of TD SYNNEX by 2.9% during the 1st quarter. Essex Financial Services Inc. now owns 1,957 shares of the business services provider's stock valued at $330,000 after buying an additional 56 shares during the period. Kesler Norman & Wride LLC increased its holdings in shares of TD SYNNEX by 0.7% during the 1st quarter. Kesler Norman & Wride LLC now owns 8,581 shares of the business services provider's stock worth $1,448,000 after buying an additional 61 shares during the last quarter. SJS Investment Consulting Inc. increased its holdings in shares of TD SYNNEX by 44.6% during the 1st quarter. SJS Investment Consulting Inc. now owns 201 shares of the business services provider's stock worth $34,000 after buying an additional 62 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC raised its position in shares of TD SYNNEX by 3.5% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 2,107 shares of the business services provider's stock worth $317,000 after buying an additional 71 shares during the period. 84.00% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at TD SYNNEX
In other news, Director Ann F. Vezina sold 1,273 shares of TD SYNNEX stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $256.05, for a total transaction of $325,951.65. Following the sale, the director owned 5,828 shares in the company, valued at $1,492,259.40. This trade represents a 17.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard T. Hume sold 5,000 shares of the business's stock in a transaction on 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 transaction, the director directly owned 13,537 shares in the company, valued at approximately $3,549,536.77. The trade was a 26.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 16,273 shares of company stock valued at $4,253,752 in the last ninety days. 0.70% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
A number of brokerages recently weighed in on SNX. The Goldman Sachs Group set a $330.00 target price on TD SYNNEX in a report on Friday, June 26th. Zacks Research downgraded TD SYNNEX from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 25th. Barrington Research lifted their price objective on TD SYNNEX from $202.00 to $325.00 and gave the company an "outperform" rating in a research note on Friday, June 26th. UBS Group boosted their target price on TD SYNNEX from $310.00 to $352.00 and gave the stock a "buy" rating in a report on Friday, June 26th. Finally, Morgan Stanley increased their target price on shares of TD SYNNEX from $341.00 to $374.00 and gave the stock an "overweight" rating in a research report on Friday, June 26th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $294.67.
Read Our Latest Analysis on TD SYNNEX
TD SYNNEX Stock Down 0.1%
Shares of NYSE SNX opened at $253.62 on Monday. TD SYNNEX Corporation has a 12-month low of $142.22 and a 12-month high of $296.47. The company has a market cap of $20.28 billion, a P/E ratio of 18.15, a P/E/G ratio of 0.72 and a beta of 1.44. The company has a current ratio of 1.20, a quick ratio of 0.64 and a debt-to-equity ratio of 0.40. The stock has a fifty day moving average price of $254.85 and a 200 day moving average price of $223.33.
TD SYNNEX (NYSE:SNX - Get Free Report) last issued its quarterly earnings data on Thursday, June 25th. The business services provider reported $4.85 EPS for the quarter, topping analysts' consensus estimates of $4.14 by $0.71. TD SYNNEX had a return on equity of 15.37% and a net margin of 1.63%.The company had revenue of $19.57 billion for the quarter, compared to analysts' expectations of $16.80 billion. During the same quarter in the previous year, the firm posted $2.99 earnings per share. The firm's quarterly revenue was up 31.0% on a year-over-year basis. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Research analysts anticipate that TD SYNNEX Corporation will post 18.01 EPS for the current fiscal year.
TD SYNNEX Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 17th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, July 17th. TD SYNNEX's dividend payout ratio is currently 13.74%.
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.
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