Public Employees Retirement System of Ohio Takes Position in TD SYNNEX Corporation $SNX

Public Employees Retirement System of Ohio acquired a new position in shares of TD SYNNEX Corporation (NYSE:SNX - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 25,053 shares of the business services provider's stock, valued at approximately $6,698,000.

Other large investors have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of TD SYNNEX in the 2nd quarter valued at $1,958,683,000. State Street Corp increased its holdings in shares of TD SYNNEX by 0.4% during the 3rd quarter. State Street Corp now owns 2,372,733 shares of the business services provider's stock worth $388,535,000 after purchasing an additional 9,024 shares during the period. LSV Asset Management increased its holdings in TD SYNNEX by 16.1% in the 4th quarter. LSV Asset Management now owns 2,086,604 shares of the business services provider's stock valued at $313,471,000 after buying an additional 288,625 shares during the period. Geode Capital Management LLC raised its holdings in shares of TD SYNNEX by 6.9% in the 4th quarter. Geode Capital Management LLC now owns 1,532,784 shares of the business services provider's stock worth $230,315,000 after buying an additional 99,090 shares in the last quarter. Finally, Metropolis Capital Ltd boosted its position in TD SYNNEX by 9.5% in the first quarter. Metropolis Capital Ltd now owns 1,281,307 shares of the business services provider's stock valued at $216,169,000 after buying an additional 111,222 shares in the last quarter. Institutional investors own 84.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SNX shares. UBS Group increased their target price on TD SYNNEX from $310.00 to $352.00 and gave the stock a "buy" rating in a report on Friday, June 26th. Barrington Research raised their price objective 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. Morgan Stanley boosted their target price on shares of TD SYNNEX from $341.00 to $374.00 and gave the stock an "overweight" rating in a research note on Friday, June 26th. Barclays increased their price target on shares of TD SYNNEX from $237.00 to $278.00 and gave the company an "equal weight" rating in a research note on Thursday, July 2nd. Finally, JPMorgan Chase & Co. raised shares of TD SYNNEX from a "neutral" rating to an "overweight" rating and set a $298.00 price target for the company in a report on Wednesday, May 27th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $294.67.

Insider Buying and Selling at TD SYNNEX

In other TD SYNNEX 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 completion of the sale, the director owned 13,537 shares in the company, valued at approximately $3,549,536.77. The trade was a 26.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible 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 on Friday, July 31st. The shares were 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. This trade represents a 17.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 11,273 shares of company stock valued at $2,851,852 in the last quarter. Corporate insiders own 0.70% of the company's stock.

TD SYNNEX Price Performance

Shares of SNX stock opened at $251.43 on Wednesday. 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 12 month low of $142.22 and a 12 month high of $296.47. The firm has a market cap of $20.10 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 0.71 and a beta of 1.43. The stock has a 50-day moving average price of $253.45 and a 200 day moving average price of $224.47.

TD SYNNEX (NYSE:SNX - Get Free Report) last issued its earnings results on Thursday, June 25th. The business services provider reported $4.85 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company's revenue for the quarter was up 31.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.99 EPS. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Research analysts expect that TD SYNNEX Corporation will post 18.01 EPS for the current year.

TD SYNNEX Dividend Announcement

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

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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