TD SYNNEX Corporation $SNX Stake Lessened by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP cut its TD SYNNEX stake by 16.2% in the second quarter, selling 6,974 shares and retaining 36,148 shares valued at approximately $9.66 million. Institutional investors and hedge funds own 84% of the company.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $291.22. Recent actions included a JPMorgan upgrade to overweight, while Zacks Research downgraded the stock to hold.
• TD SYNNEX reported quarterly earnings of $4.85 per share, exceeding the $4.14 estimate, while revenue rose 31% year over year to $19.57 billion. The company also maintains a quarterly dividend of $0.48 per share, yielding about 0.7%.

Corient Private Wealth LP decreased its position in shares of TD SYNNEX Corporation (NYSE:SNX - Free Report) by 16.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,148 shares of the business services provider's stock after selling 6,974 shares during the period. Corient Private Wealth LP's holdings in TD SYNNEX were worth $9,664,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Bell Investment Advisors Inc acquired a new stake in shares of TD SYNNEX in the second quarter valued at $27,000. Fiduciary Financial Advisors acquired a new position in TD SYNNEX during the second quarter worth about $28,000. Compass Financial Management LLC acquired a new position in TD SYNNEX during the second quarter worth about $38,000. Ameritas Advisory Services LLC bought a new stake in TD SYNNEX in the second quarter worth about $45,000. Finally, SJS Investment Consulting Inc. lifted its holdings in TD SYNNEX by 44.6% in the 1st quarter. SJS Investment Consulting Inc. now owns 201 shares of the business services provider's stock valued at $34,000 after acquiring an additional 62 shares during the last quarter. 84.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SNX has been the subject of several research reports. Zacks Research lowered shares of TD SYNNEX from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 25th. The Goldman Sachs Group set a $330.00 target price on shares of TD SYNNEX in a research note on Friday, June 26th. JPMorgan Chase & Co. upgraded shares of TD SYNNEX from a "neutral" rating to an "overweight" rating and set a $298.00 target price for the company in a report on Wednesday, May 27th. Barclays lifted their price target on shares of TD SYNNEX from $278.00 to $287.00 and gave the stock an "equal weight" rating in a research report on Tuesday, September 8th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of TD SYNNEX in a report on Monday. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $291.22.

Insider Activity at TD SYNNEX

In other TD SYNNEX news, Director Richard Hume sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The stock was 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 of the company's stock, valued at $3,549,536.77. This represents a 26.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ann Vezina sold 1,273 shares of the stock in a transaction that occurred 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 transaction, the director owned 5,828 shares in the company, valued at approximately $1,492,259.40. This trade represents a 17.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 11,273 shares of company stock valued at $2,851,852. Corporate insiders own 0.70% of the company's stock.

TD SYNNEX Price Performance

Shares of SNX opened at $260.26 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.64 and a current ratio of 1.20. The firm has a market cap of $20.81 billion, a PE ratio of 18.63, a PEG ratio of 0.74 and a beta of 1.43. The firm's 50 day moving average price is $254.13 and its 200 day moving average price is $232.30. TD SYNNEX Corporation has a twelve month low of $142.22 and a twelve month high of $296.47.

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

TD SYNNEX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 17th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, July 17th. TD SYNNEX's dividend payout ratio (DPR) is presently 13.74%.

TD SYNNEX Company Profile

TD SYNNEX Corporation NYSE: SNX is a global technology distributor and solutions aggregator that connects technology manufacturers with resellers, systems integrators, managed service providers and other business partners. The company helps its partners design, procure, configure and deliver technology solutions to organizations across a range of industries.

Its portfolio includes personal computing devices, peripherals, networking equipment, data-center infrastructure, cybersecurity products, software and cloud services.

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