Paradigm Capital Management Inc. NY Makes New Investment in TD SYNNEX Corporation $SNX

Key Points

• Paradigm Capital Management initiated a TD SYNNEX position of 69,274 shares worth approximately $18.5 million, while institutional investors collectively own about 84% of the company.
• TD SYNNEX reported strong quarterly results, with EPS of $4.85 beating estimates by $0.71 and revenue rising 31% year over year to $19.57 billion. The company issued third-quarter guidance of $4.25–$4.75 EPS.
• Analysts remain broadly positive, with an average “Buy” rating and a $294.67 price target, though insiders sold 16,273 shares worth approximately $4.25 million over the past 90 days.

Paradigm Capital Management Inc. NY bought a new stake in TD SYNNEX Corporation (NYSE:SNX - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 69,274 shares of the business services provider's stock, valued at approximately $18,520,000. Paradigm Capital Management Inc. NY owned approximately 0.09% of TD SYNNEX at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Sanctuary Advisors LLC acquired a new stake in shares of TD SYNNEX in the 2nd quarter worth approximately $2,979,000. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in TD SYNNEX during the second quarter worth $462,000. Globeflex Capital L P acquired a new stake in TD SYNNEX in the second quarter valued at $10,704,000. Bank of Nova Scotia acquired a new stake in TD SYNNEX in the second quarter valued at $2,594,000. Finally, Compass Financial Management LLC purchased a new position in shares of TD SYNNEX in the second quarter valued at $38,000. Hedge funds and other institutional investors own 84.00% of the company's stock.

TD SYNNEX Trading Down 2.5%

TD SYNNEX stock opened at $243.88 on Tuesday. The stock has a 50-day moving average price of $257.12 and a 200 day moving average price of $220.87. TD SYNNEX Corporation has a 52 week low of $142.22 and a 52 week high of $296.47. The stock has a market cap of $19.50 billion, a PE ratio of 17.46, a P/E/G ratio of 0.71 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.

TD SYNNEX (NYSE:SNX - Get Free Report) last released its earnings results on Thursday, June 25th. The business services provider reported $4.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.14 by $0.71. The company had revenue of $19.57 billion for the quarter, compared to analyst estimates of $16.80 billion. TD SYNNEX had a net margin of 1.63% and a return on equity of 15.37%. The firm's quarterly revenue was up 31.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.99 EPS. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Equities research analysts predict that TD SYNNEX Corporation will post 18.01 earnings per share for the current fiscal year.

TD SYNNEX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 17th were given a dividend of $0.48 per share. The ex-dividend date was Friday, July 17th. This represents a $1.92 dividend on an annualized basis and a yield of 0.8%. TD SYNNEX's dividend payout ratio (DPR) is 13.74%.

Insider Activity at TD SYNNEX

In other TD SYNNEX news, Director Ann F. Vezina sold 1,273 shares of the business's stock in a transaction on Friday, July 31st. The stock was sold at an average price of $256.05, for a total value of $325,951.65. Following the completion of the transaction, the director directly owned 5,828 shares in the company, valued at approximately $1,492,259.40. The trade was a 17.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard T. Hume sold 5,000 shares of the stock in a transaction on 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 transaction, the director directly owned 13,537 shares in the company, valued at approximately $3,549,536.77. This represents a 26.97% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 16,273 shares of company stock valued at $4,253,752 over the last ninety days. 0.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SNX shares. The Goldman Sachs Group set a $330.00 price objective on shares of TD SYNNEX in a research report on Friday, June 26th. UBS Group raised their target price 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. Barclays lifted their target price on shares of TD SYNNEX from $237.00 to $278.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 2nd. Weiss Ratings downgraded shares of TD SYNNEX from a "buy (b+)" rating to a "buy (b)" rating in a report on Wednesday, June 17th. Finally, 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 report on Friday, June 26th. 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 company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $294.67.

TD SYNNEX Company 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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