Synovus Financial Corp Buys New Shares in Dell Technologies Inc. $DELL

Key Points

• Synovus Financial Corp has acquired a new stake in Dell Technologies Inc. by purchasing 2,734 shares valued at approximately $249,000 in the first quarter.
• Dell Technologies reported earnings per share of $2.32, exceeding analysts' expectations of $2.29, with quarterly revenue reaching $29.78 billion, a 19% increase year-over-year.
• Institutional investors own 76.37% of Dell Technologies' stock, reflecting strong interest from the investment community, while insiders have sold a total of nearly 13 million shares in the last ninety days.

Synovus Financial Corp acquired a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,734 shares of the technology company's stock, valued at approximately $249,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Smallwood Wealth Investment Management LLC acquired a new position in shares of Dell Technologies in the first quarter valued at approximately $25,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Dell Technologies in the first quarter worth $26,000. Cheviot Value Management LLC acquired a new stake in shares of Dell Technologies in the first quarter worth $27,000. Cullen Frost Bankers Inc. increased its position in shares of Dell Technologies by 270.7% in the first quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock worth $28,000 after acquiring an additional 222 shares in the last quarter. Finally, Crowley Wealth Management Inc. grew its holdings in Dell Technologies by 86.2% during the 1st quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock valued at $30,000 after purchasing an additional 150 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Insiders Place Their Bets

In related news, CAO Brunilda Rios sold 6,000 shares of the stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $126.29, for a total transaction of $757,740.00. Following the completion of the sale, the chief accounting officer directly owned 18,948 shares of the company's stock, valued at approximately $2,392,942.92. This represents a 24.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Iv (Gp) L.L.C. Slta sold 600,000 shares of the business's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $127.56, for a total transaction of $76,536,000.00. Following the completion of the sale, the director directly owned 980,295 shares in the company, valued at approximately $125,046,430.20. This represents a 37.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,918,898 shares of company stock worth $1,576,038,056 over the last ninety days. Company insiders own 42.00% of the company's stock.

Dell Technologies Trading Up 1.9%

NYSE:DELL traded up $2.31 during trading hours on Wednesday, hitting $123.27. 3,866,159 shares of the company traded hands, compared to its average volume of 7,132,840. The stock has a market capitalization of $83.68 billion, a price-to-earnings ratio of 18.12, a P/E/G ratio of 0.85 and a beta of 1.01. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $147.66. The firm has a 50-day moving average of $129.24 and a 200 day moving average of $110.56.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The technology company reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.03. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. The firm had revenue of $29.78 billion for the quarter, compared to analyst estimates of $29.14 billion. During the same quarter in the previous year, the firm posted $1.89 EPS. The business's revenue for the quarter was up 19.0% on a year-over-year basis. Dell Technologies has set its Q3 2026 guidance at 2.450-2.450 EPS. FY 2026 guidance at 9.550-9.550 EPS. Equities research analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Tuesday, July 22nd were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Tuesday, July 22nd. Dell Technologies's dividend payout ratio (DPR) is currently 30.88%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. UBS Group increased their price objective on shares of Dell Technologies from $145.00 to $155.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Wall Street Zen downgraded shares of Dell Technologies from a "buy" rating to a "hold" rating in a research report on Monday, July 14th. Mizuho lifted their price objective on shares of Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. Susquehanna reissued a "neutral" rating and set a $125.00 target price on shares of Dell Technologies in a research note on Wednesday, August 13th. Finally, Fox Advisors cut shares of Dell Technologies from an "overweight" rating to an "equal weight" rating in a research note on Friday, August 29th. Fourteen equities research analysts have rated the stock with a Buy rating and six 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 $146.31.

Dell Technologies Profile

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).