Foster & Motley Inc. Makes New $10.11 Million Investment in TD SYNNEX Corporation $SNX

Key Points

• Foster & Motley initiated a $10.11 million position in TD SYNNEX, purchasing 37,805 shares during the second quarter. Institutional investors and hedge funds collectively own 84% of the company.
• 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 issued third-quarter EPS guidance of $4.25–$4.75.
• Analyst sentiment remains positive, with the stock carrying an average “Buy” rating and a $294.67 consensus price target; UBS and Morgan Stanley recently raised their targets. Shares were recently trading near $260, while insiders have sold 16,273 shares over the past 90 days.

Foster & Motley Inc. bought a new position in shares of TD SYNNEX Corporation (NYSE:SNX - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 37,805 shares of the business services provider's stock, valued at approximately $10,107,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SNX. Bell Investment Advisors Inc acquired a new position in TD SYNNEX during the 2nd quarter worth about $27,000. Ossiam increased its position in TD SYNNEX by 84.3% in the 3rd quarter. Ossiam now owns 164 shares of the business services provider's stock valued at $27,000 after acquiring an additional 75 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of TD SYNNEX in the fourth quarter worth about $28,000. Measured Wealth Private Client Group LLC acquired a new position in shares of TD SYNNEX during the third quarter worth approximately $30,000. Finally, Lloyd Advisory Services LLC. acquired a new position in shares of TD SYNNEX during the fourth quarter worth approximately $32,000. 84.00% of the stock is currently owned by institutional investors and hedge funds.

TD SYNNEX Stock Down 1.5%

NYSE:SNX opened at $259.96 on Wednesday. TD SYNNEX Corporation has a 12-month low of $142.22 and a 12-month high of $296.47. The company has a quick ratio of 0.64, a current ratio of 1.20 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $20.79 billion, a P/E ratio of 18.61, a P/E/G ratio of 0.73 and a beta of 1.44. The stock's fifty day simple moving average is $259.42 and its 200-day simple moving average is $218.37.

TD SYNNEX (NYSE:SNX - Get Free Report) last posted its earnings results on Thursday, June 25th. The business services provider reported $4.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.14 by $0.71. The company had revenue of $19.57 billion during the quarter, compared to analyst estimates 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 for the quarter was up 31.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.99 EPS. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Equities research analysts expect 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. Stockholders of record on Friday, July 17th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, July 17th. TD SYNNEX's dividend payout ratio (DPR) is currently 13.74%.

Insiders Place Their Bets

In related news, Director Ann F. Vezina sold 1,273 shares of the firm's stock in a transaction on Friday, July 31st. The stock was 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 of the company's stock, valued at approximately $1,492,259.40. This trade represents a 17.93% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Richard T. Hume sold 5,000 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $262.21, for a total value of $1,311,050.00. Following the completion of the sale, the director owned 13,537 shares of the company's stock, valued at $3,549,536.77. This trade represents 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. In the last 90 days, insiders sold 16,273 shares of company stock valued at $4,253,752. 0.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. UBS Group raised their price target on shares of TD SYNNEX from $310.00 to $352.00 and gave the company a "buy" rating in a report on Friday, June 26th. Weiss Ratings lowered TD SYNNEX from a "buy (b+)" rating to a "buy (b)" rating in a research report on Wednesday, June 17th. The Goldman Sachs Group set a $330.00 target price on TD SYNNEX in a research note on Friday, June 26th. Morgan Stanley boosted their target price on TD SYNNEX from $341.00 to $374.00 and gave the stock an "overweight" rating in a research report on Friday, June 26th. Finally, JPMorgan Chase & Co. raised TD SYNNEX from a "neutral" rating to an "overweight" rating and set a $298.00 price target on the stock in a research note on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $294.67.

TD SYNNEX 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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