EP Wealth Advisors LLC bought a new position in shares of TD SYNNEX Corporation (NYSE:SNX - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,048 shares of the business services provider's stock, valued at approximately $2,686,000.
Several other large investors have also recently bought and sold shares of the business. Bell Investment Advisors Inc acquired a new stake in TD SYNNEX in the second quarter valued at $27,000. Ossiam boosted its position in shares of TD SYNNEX by 84.3% during the 3rd quarter. Ossiam now owns 164 shares of the business services provider's stock worth $27,000 after acquiring an additional 75 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of TD SYNNEX during the 4th quarter worth about $28,000. Measured Wealth Private Client Group LLC purchased a new position in shares of TD SYNNEX in the 3rd quarter valued at about $30,000. Finally, Lloyd Advisory Services LLC. purchased a new position in shares of TD SYNNEX in the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 84.00% of the company's stock.
Insiders Place Their Bets
In other news, Director Richard T. Hume sold 5,000 shares of the company's stock in a transaction on Wednesday, August 5th. The shares were 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 of the company's stock, valued at $3,549,536.77. This represents a 26.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $256.05, for a total transaction of $325,951.65. Following the completion of the transaction, the director owned 5,828 shares of the company's stock, valued at $1,492,259.40. This represents a 17.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 16,273 shares of company stock valued at $4,253,752. 0.70% of the stock is owned by company insiders.
TD SYNNEX Trading Down 0.3%
SNX opened at $250.14 on Friday. The company has a quick ratio of 0.64, a current ratio of 1.20 and a debt-to-equity ratio of 0.40. TD SYNNEX Corporation has a 52 week low of $142.22 and a 52 week high of $296.47. The business's 50 day moving average is $257.93 and its two-hundred day moving average is $219.87. The firm has a market cap of $20.00 billion, a price-to-earnings ratio of 17.91, a price-to-earnings-growth ratio of 0.71 and a beta of 1.44.
TD SYNNEX (NYSE:SNX - Get Free Report) last posted its quarterly earnings data on Thursday, June 25th. The business services provider reported $4.85 earnings per share for the quarter, beating the consensus estimate of $4.14 by $0.71. The business had revenue of $19.57 billion during the quarter, compared to the consensus estimate of $16.80 billion. TD SYNNEX had a return on equity of 15.37% and a net margin of 1.63%.The company's revenue was up 31.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.99 earnings per share. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. On average, research analysts predict that TD SYNNEX Corporation will post 18.01 EPS for the current year.
TD SYNNEX Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 17th were given a $0.48 dividend. The ex-dividend date was Friday, July 17th. This represents a $1.92 annualized dividend and a yield of 0.8%. TD SYNNEX's dividend payout ratio is 13.74%.
Analyst Ratings Changes
Several research firms recently weighed in on SNX. UBS Group boosted their target price on TD SYNNEX from $310.00 to $352.00 and gave the stock a "buy" rating in a research note on Friday, June 26th. Barrington Research increased their price target on shares of TD SYNNEX from $202.00 to $325.00 and gave the company an "outperform" rating in a research note on Friday, June 26th. The Goldman Sachs Group set a $330.00 price objective on shares of TD SYNNEX in a report on Friday, June 26th. Weiss Ratings cut shares of TD SYNNEX from a "buy (b+)" rating to a "buy (b)" rating in a report on Wednesday, June 17th. Finally, Barclays lifted their price target on shares of TD SYNNEX from $237.00 to $278.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $294.67.
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About TD SYNNEX
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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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