Paradigm Capital Management Inc. NY Sells 10,000 Shares of TD SYNNEX Corporation $SNX

Key Points

• Paradigm Capital Management Inc. has reduced its stake in TD SYNNEX Corporation by 10.8%, now holding 82,774 shares valued at approximately $8.61 million.
• Institutional investors and hedge funds own 84% of TD SYNNEX, with several firms increasing their holdings during recent quarters.
• TD SYNNEX reported $2.99 earnings per share for the last quarter, exceeding analyst expectations and reflecting a 7.2% year-over-year revenue growth.

Paradigm Capital Management Inc. NY decreased its stake in TD SYNNEX Corporation (NYSE:SNX - Free Report) by 10.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 82,774 shares of the business services provider's stock after selling 10,000 shares during the quarter. Paradigm Capital Management Inc. NY owned approximately 0.10% of TD SYNNEX worth $8,605,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SNX. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of TD SYNNEX by 329.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 245 shares of the business services provider's stock valued at $25,000 after purchasing an additional 188 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of TD SYNNEX by 115.1% during the 1st quarter. Versant Capital Management Inc now owns 342 shares of the business services provider's stock valued at $36,000 after purchasing an additional 183 shares in the last quarter. Cullen Frost Bankers Inc. bought a new position in shares of TD SYNNEX during the 1st quarter valued at $44,000. Quarry LP bought a new position in shares of TD SYNNEX during the 1st quarter valued at $51,000. Finally, State of Wyoming raised its holdings in shares of TD SYNNEX by 51.9% during the 4th quarter. State of Wyoming now owns 594 shares of the business services provider's stock valued at $70,000 after purchasing an additional 203 shares in the last quarter. Hedge funds and other institutional investors own 84.00% of the company's stock.

Insiders Place Their Bets

In other news, insider Alim Dhanji sold 1,257 shares of the company's stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $142.41, for a total transaction of $179,009.37. Following the transaction, the insider directly owned 10,984 shares in the company, valued at approximately $1,564,231.44. This represents a 10.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ann F. Vezina sold 812 shares of the company's stock in a transaction that occurred on 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 owned 6,079 shares in the company, valued at $914,403.18. The trade was a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,888 shares of company stock valued at $9,115,025. 1.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SNX. Bank of America raised their price target on shares of TD SYNNEX from $156.00 to $170.00 and gave the company a "buy" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. raised their price target on shares of TD SYNNEX from $143.00 to $160.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Barclays set a $140.00 price target on shares of TD SYNNEX in a report on Tuesday, June 24th. Loop Capital lifted their target price on shares of TD SYNNEX from $150.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, June 30th. Finally, Barrington Research reiterated an "outperform" rating and issued a $156.00 target price on shares of TD SYNNEX in a report on Friday, July 11th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, TD SYNNEX presently has a consensus rating of "Moderate Buy" and a consensus target price of $151.30.

TD SYNNEX Stock Performance

Shares of NYSE:SNX traded up $1.32 on Wednesday, hitting $147.90. 318,501 shares of the company were exchanged, compared to its average volume of 512,486. The company's 50 day moving average price is $144.10 and its two-hundred day moving average price is $128.82. TD SYNNEX Corporation has a one year low of $92.23 and a one year high of $153.70. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.75 and a current ratio of 1.26. The firm has a market capitalization of $12.20 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 1.21 and a beta of 1.35.

TD SYNNEX (NYSE:SNX - Get Free Report) last posted its earnings results on Tuesday, June 24th. The business services provider reported $2.99 earnings per share for the quarter, beating analysts' consensus estimates of $2.71 by $0.28. The business had revenue of $14.95 billion for the quarter, compared to analysts' expectations of $14.30 billion. TD SYNNEX had a net margin of 1.21% and a return on equity of 11.58%. The firm's revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.73 earnings per share. TD SYNNEX has set its Q3 2025 guidance at 2.750-3.250 EPS. Research analysts expect that TD SYNNEX Corporation will post 11.88 earnings per share for the current year.

TD SYNNEX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, July 11th. TD SYNNEX's payout ratio is currently 20.56%.

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.