Parkwood LLC Has $11.48 Million Stock Position in TD SYNNEX Corporation $SNX

Key Points

• Parkwood LLC reduced its stake in TD SYNNEX Corporation by 7.1%, owning approximately 0.13% of the company valued at $11.48 million after selling 8,487 shares in the first quarter.
• Analysts are optimistic about TD SYNNEX, with several price target increases, including Barclays at $140, and Bank of America at $170, resulting in a consensus price target of $151.30.
• TD SYNNEX recently announced a quarterly dividend of $0.44 per share, reflecting an annualized payment of $1.76 and a dividend yield of 1.2% as of the last payment on July 25th.

Parkwood LLC lowered its stake in shares of TD SYNNEX Corporation (NYSE:SNX - Free Report) by 7.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,425 shares of the business services provider's stock after selling 8,487 shares during the quarter. Parkwood LLC owned approximately 0.13% of TD SYNNEX worth $11,480,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in SNX. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of TD SYNNEX by 329.8% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 245 shares of the business services provider's stock worth $25,000 after buying an additional 188 shares in the last quarter. Versant Capital Management Inc lifted its stake in TD SYNNEX by 115.1% during the first quarter. Versant Capital Management Inc now owns 342 shares of the business services provider's stock worth $36,000 after purchasing an additional 183 shares during the last quarter. Cullen Frost Bankers Inc. bought a new position in TD SYNNEX during the first quarter worth $44,000. Quarry LP bought a new position in shares of TD SYNNEX in the 1st quarter worth about $51,000. Finally, State of Wyoming lifted its position in shares of TD SYNNEX by 51.9% in the 4th quarter. State of Wyoming now owns 594 shares of the business services provider's stock worth $70,000 after buying an additional 203 shares during the last quarter. Institutional investors and hedge funds own 84.00% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Royal Bank Of Canada raised their price target on shares of TD SYNNEX from $145.00 to $165.00 and gave the stock an "outperform" rating in a research report on Friday, August 22nd. Bank of America raised their target price on TD SYNNEX from $156.00 to $170.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Barclays set a $140.00 target price on TD SYNNEX in a research note on Tuesday, June 24th. JPMorgan Chase & Co. raised their target price on TD SYNNEX from $143.00 to $160.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Finally, Loop Capital raised their price target on TD SYNNEX from $150.00 to $160.00 and gave the company a "buy" rating in a report on Monday, June 30th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $151.30.

Insider Buying and Selling

In related news, insider Alim Dhanji sold 1,257 shares of TD SYNNEX stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $142.41, for a total value of $179,009.37. Following the transaction, the insider owned 10,984 shares of the company's stock, valued at approximately $1,564,231.44. This trade represents a 10.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ann F. Vezina sold 812 shares of TD SYNNEX stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $150.42, for a total value of $122,141.04. Following the completion of the transaction, the director directly owned 6,079 shares in the company, valued at $914,403.18. This represents a 11.78% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,888 shares of company stock worth $9,115,025. Company insiders own 1.00% of the company's stock.

TD SYNNEX Price Performance

SNX stock traded down $0.95 during trading hours on Tuesday, hitting $149.44. 552,170 shares of the stock traded hands, compared to its average volume of 531,417. The stock has a 50-day simple moving average of $145.41 and a 200 day simple moving average of $129.02. TD SYNNEX Corporation has a one year low of $92.23 and a one year high of $153.70. The company has a market cap of $12.32 billion, a P/E ratio of 17.46, a P/E/G ratio of 1.22 and a beta of 1.35. The company has a current ratio of 1.26, a quick ratio of 0.75 and a debt-to-equity ratio of 0.45.

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

TD SYNNEX Dividend Announcement

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

TD SYNNEX 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.