Voya Investment Management LLC Has $3.48 Million Stake in TD SYNNEX Corporation $SNX

Key Points

• Voya Investment Management LLC has increased its stake in TD SYNNEX Corporation by 27.4%, owning approximately $3.48 million worth of shares after acquiring additional shares during the first quarter.
• TD SYNNEX reported $2.99 earnings per share for the last quarter, exceeding analysts' expectations of $2.71, with revenue of $14.95 billion, surpassing forecasts.
• Analysts have set new target prices for TD SYNNEX, with Bank of America raising its price target from $156 to $170, reflecting positive market sentiment for the stock.

Voya Investment Management LLC boosted its holdings in shares of TD SYNNEX Corporation (NYSE:SNX - Free Report) by 27.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,490 shares of the business services provider's stock after buying an additional 7,212 shares during the quarter. Voya Investment Management LLC's holdings in TD SYNNEX were worth $3,482,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SNX. Cetera Investment Advisers increased its position in TD SYNNEX by 21.8% during the fourth quarter. Cetera Investment Advisers now owns 7,461 shares of the business services provider's stock worth $875,000 after buying an additional 1,337 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of TD SYNNEX by 14.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,360 shares of the business services provider's stock valued at $1,801,000 after purchasing an additional 1,953 shares during the last quarter. ProShare Advisors LLC grew its position in shares of TD SYNNEX by 7.0% in the fourth quarter. ProShare Advisors LLC now owns 3,547 shares of the business services provider's stock valued at $416,000 after purchasing an additional 232 shares during the last quarter. State of Wyoming increased its stake in shares of TD SYNNEX by 51.9% in the fourth quarter. State of Wyoming now owns 594 shares of the business services provider's stock worth $70,000 after purchasing an additional 203 shares during the period. Finally, Waverly Advisors LLC lifted its position in shares of TD SYNNEX by 77.4% during the 4th quarter. Waverly Advisors LLC now owns 4,724 shares of the business services provider's stock worth $554,000 after purchasing an additional 2,061 shares during the last quarter. 84.00% of the stock is owned by institutional investors and hedge funds.

TD SYNNEX Stock Performance

Shares of TD SYNNEX stock opened at $150.29 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.26 and a quick ratio of 0.75. The firm has a market cap of $12.39 billion, a P/E ratio of 17.56, a P/E/G ratio of 1.23 and a beta of 1.35. The firm has a 50 day simple moving average of $147.05 and a 200 day simple moving average of $129.82. TD SYNNEX Corporation has a fifty-two week low of $92.23 and a fifty-two week high of $154.44.

TD SYNNEX (NYSE:SNX - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $14.95 billion during the quarter, compared to analyst estimates of $14.30 billion. TD SYNNEX had a net margin of 1.21% and a return on equity of 11.58%. TD SYNNEX's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.73 earnings per share. TD SYNNEX has set its Q3 2025 guidance at 2.750-3.250 EPS. Sell-side analysts predict that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal 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 issued 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 dividend yield of 1.2%. TD SYNNEX's dividend payout ratio (DPR) is currently 20.56%.

Insider Activity at TD SYNNEX

In related news, Director Ann F. Vezina sold 812 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $150.42, for a total value of $122,141.04. Following the completion of the sale, the director owned 6,079 shares of the company's stock, valued at $914,403.18. This trade represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard T. Hume sold 63,310 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $136.23, for a total transaction of $8,624,721.30. Following the completion of the sale, the director directly owned 67,515 shares of the company's stock, valued at approximately $9,197,568.45. This represents a 48.39% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,240 shares of company stock worth $9,054,884. 1.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

SNX has been the subject of several recent analyst reports. Bank of America increased 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. Wall Street Zen upgraded TD SYNNEX from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Morgan Stanley increased their target price on TD SYNNEX from $155.00 to $173.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, JPMorgan Chase & Co. increased 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. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, TD SYNNEX presently has an average rating of "Moderate Buy" and an average target price of $153.10.

TD SYNNEX Company 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.

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