Strs Ohio Makes New Investment in TD SYNNEX Corporation $SNX

Key Points

• Strs Ohio has acquired a stake of 18,398 shares in TD SYNNEX Corporation valued at approximately $1.9 million, as reported in their latest SEC filing.
• TD SYNNEX reported quarterly earnings of $2.99 EPS, exceeding analyst expectations, with a revenue of $14.95 billion, indicating a year-over-year growth of 7.2%.
• The company recently announced a quarterly dividend of $0.44 per share, representing a yield of 1.2% and reflecting a dividend payout ratio of 20.56%.

Strs Ohio bought a new stake in TD SYNNEX Corporation (NYSE:SNX - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 18,398 shares of the business services provider's stock, valued at approximately $1,913,000.

Other large investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its stake in shares of TD SYNNEX by 36.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 75,778 shares of the business services provider's stock valued at $7,878,000 after buying an additional 20,280 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in TD SYNNEX by 3.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,252 shares of the business services provider's stock valued at $754,000 after acquiring an additional 244 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in TD SYNNEX by 11.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,361 shares of the business services provider's stock valued at $765,000 after acquiring an additional 785 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in TD SYNNEX by 16.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,390 shares of the business services provider's stock valued at $560,000 after acquiring an additional 763 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in TD SYNNEX by 95.8% in the 1st quarter. UMB Bank n.a. now owns 840 shares of the business services provider's stock valued at $87,000 after acquiring an additional 411 shares in the last quarter. 84.00% of the stock is currently owned by institutional investors and hedge funds.

TD SYNNEX Stock Performance

Shares of NYSE:SNX traded up $2.22 during mid-day trading on Thursday, reaching $150.69. The company had a trading volume of 1,303,715 shares, compared to its average volume of 775,594. The company has a current ratio of 1.26, a quick ratio of 0.75 and a debt-to-equity ratio of 0.45. The firm has a market cap of $12.43 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 1.22 and a beta of 1.35. The company's 50-day moving average price is $146.71 and its 200-day moving average price is $129.58. TD SYNNEX Corporation has a one year low of $92.23 and a one year high of $154.44.

TD SYNNEX (NYSE:SNX - Get Free Report) last released its quarterly earnings data 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. TD SYNNEX had a net margin of 1.21% and a return on equity of 11.58%. The business had revenue of $14.95 billion during the quarter, compared to analyst estimates of $14.30 billion. During the same period in the previous year, the business earned $2.73 EPS. TD SYNNEX's revenue was up 7.2% compared to the same quarter last year. TD SYNNEX has set its Q3 2025 guidance at 2.750-3.250 EPS. As a group, equities research analysts anticipate that TD SYNNEX Corporation will post 11.88 EPS for the current fiscal year.

TD SYNNEX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were issued a dividend of $0.44 per share. 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%.

Analysts Set New Price Targets

SNX has been the topic of several recent research reports. Royal Bank Of Canada raised their price target on shares of TD SYNNEX from $145.00 to $165.00 and gave the company an "outperform" rating in a research report on Friday, August 22nd. Barrington Research reaffirmed an "outperform" rating and issued a $156.00 price target on shares of TD SYNNEX in a research report on Friday, July 11th. Morgan Stanley raised their price target on shares of TD SYNNEX from $155.00 to $173.00 and gave the company an "overweight" rating in a research report on Thursday. Loop Capital raised their price target on shares of TD SYNNEX from $150.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, June 30th. Finally, Bank of America lifted their target price on shares of TD SYNNEX from $156.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, TD SYNNEX presently has an average rating of "Moderate Buy" and a consensus target price of $153.10.

Insider Activity at TD SYNNEX

In other news, Director Ann F. Vezina sold 812 shares of TD SYNNEX stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $150.42, for a total transaction of $122,141.04. Following the completion of the sale, the director directly owned 6,079 shares of the company's stock, valued at approximately $914,403.18. The trade was a 11.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Marshall Witt sold 861 shares of the business's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $149.84, for a total transaction of $129,012.24. Following the completion of the sale, the chief financial officer directly owned 49,777 shares of the company's stock, valued at $7,458,585.68. This represents a 1.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,240 shares of company stock valued at $9,054,884. 1.00% of the stock is currently owned by insiders.

About TD SYNNEX

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.