J. Goldman & Co LP acquired a new position in TD SYNNEX Corporation (NYSE:SNX - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,199 shares of the business services provider's stock, valued at approximately $3,529,000.
Several other hedge funds also recently modified their holdings of SNX. Bell Investment Advisors Inc purchased a new stake in TD SYNNEX in the 2nd quarter valued at $27,000. Fiduciary Financial Advisors bought a new stake in shares of TD SYNNEX in the 2nd quarter worth $28,000. Compass Financial Management LLC purchased a new stake in shares of TD SYNNEX in the second quarter valued at about $38,000. Ossiam lifted its position in shares of TD SYNNEX by 84.3% during 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. Finally, Measured Wealth Private Client Group LLC purchased a new position in TD SYNNEX during the third quarter worth about $30,000. Hedge funds and other institutional investors own 84.00% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on SNX shares. UBS Group increased their price objective on shares of TD SYNNEX from $310.00 to $352.00 and gave the company a "buy" rating in a research note on Friday, June 26th. Morgan Stanley increased their price target on TD SYNNEX from $341.00 to $374.00 and gave the company an "overweight" rating in a research report on Friday, June 26th. Barrington Research lifted their price target on TD SYNNEX from $202.00 to $325.00 and gave the stock an "outperform" rating in a report on Friday, June 26th. JPMorgan Chase & Co. upgraded TD SYNNEX from a "neutral" rating to an "overweight" rating and set a $298.00 price objective for the company in a research note on Wednesday, May 27th. Finally, Zacks Research raised TD SYNNEX from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 30th. One equities research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $294.67.
View Our Latest Stock Analysis on SNX
Insider Transactions at TD SYNNEX
In related news, Director Richard T. Hume sold 5,000 shares of the company's stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $242.97, for a total transaction of $1,214,850.00. Following the sale, the director directly owned 18,537 shares in the company, valued at approximately $4,503,934.89. This represents a 21.24% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed 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 firm's stock in a transaction that occurred 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 completion of the transaction, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 16,273 shares of company stock valued at $4,253,752 in the last quarter. Company insiders own 0.70% of the company's stock.
TD SYNNEX Trading Up 3.4%
NYSE:SNX opened at $251.88 on Wednesday. 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 market capitalization of $20.14 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 0.69 and a beta of 1.44. The firm's 50 day moving average is $256.53 and its 200 day moving average is $221.49. TD SYNNEX Corporation has a 12 month low of $142.22 and a 12 month high of $296.47.
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 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 analyst estimates of $16.80 billion. TD SYNNEX had a return on equity of 15.37% and a net margin of 1.63%.TD SYNNEX'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. Sell-side analysts expect that TD SYNNEX Corporation will post 18.01 earnings per share for the current year.
TD SYNNEX Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 17th were issued a $0.48 dividend. The ex-dividend date of this dividend was Friday, July 17th. This represents a $1.92 annualized dividend and a yield of 0.8%. TD SYNNEX's dividend payout ratio (DPR) is 13.74%.
TD SYNNEX Company 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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