Pacer Advisors Inc. Purchases 357,755 Shares of TD SYNNEX Corporation $SNX

Pacer Advisors Inc. increased its position in shares of TD SYNNEX Corporation (NYSE:SNX) by 4,021.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 366,652 shares of the business services provider’s stock after purchasing an additional 357,755 shares during the quarter. Pacer Advisors Inc.’s holdings in TD SYNNEX were worth $61,858,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of TD SYNNEX during the fourth quarter worth approximately $148,559,000. Alyeska Investment Group L.P. acquired a new position in shares of TD SYNNEX in the 3rd quarter worth approximately $135,631,000. AQR Capital Management LLC boosted its holdings in shares of TD SYNNEX by 141.8% in the 4th quarter. AQR Capital Management LLC now owns 934,772 shares of the business services provider’s stock worth $140,431,000 after acquiring an additional 548,180 shares in the last quarter. Marshall Wace LLP grew its position in TD SYNNEX by 6,626.0% during the 3rd quarter. Marshall Wace LLP now owns 402,754 shares of the business services provider’s stock worth $65,951,000 after acquiring an additional 396,766 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in TD SYNNEX by 365.9% during the 3rd quarter. Wellington Management Group LLP now owns 373,101 shares of the business services provider’s stock valued at $61,095,000 after purchasing an additional 293,027 shares in the last quarter. 84.00% of the stock is owned by institutional investors.

TD SYNNEX Trading Up 0.1%

Shares of SNX opened at $255.93 on Monday. The company has a quick ratio of 0.64, a current ratio of 1.20 and a debt-to-equity ratio of 0.40. TD SYNNEX Corporation has a 12-month low of $139.23 and a 12-month high of $296.47. The firm has a market capitalization of $20.46 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 0.72 and a beta of 1.44. The stock’s fifty day simple moving average is $260.60 and its 200-day simple moving average is $209.49.

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

TD SYNNEX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 17th were given a dividend of $0.48 per share. The ex-dividend date was Friday, July 17th. This represents a $1.92 annualized dividend and a dividend yield of 0.8%. TD SYNNEX’s payout ratio is currently 13.74%.

Insider Activity at TD SYNNEX

In related news, Director Ann F. Vezina sold 1,273 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $256.05, for a total transaction of $325,951.65. Following the completion of the sale, the director directly owned 5,828 shares of the company’s stock, valued at $1,492,259.40. The trade was a 17.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard T. Hume sold 5,000 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $242.97, for a total transaction of $1,214,850.00. Following the completion of the transaction, the director owned 18,537 shares in the company, valued at $4,503,934.89. This represents a 21.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 21,273 shares of company stock valued at $5,259,652. 0.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on SNX shares. Royal Bank Of Canada set a $340.00 price objective on TD SYNNEX in a research note on Friday, June 26th. The Goldman Sachs Group set a $330.00 price target on TD SYNNEX in a report on Friday, June 26th. Zacks Research upgraded shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Morgan Stanley raised their price objective on shares of TD SYNNEX from $341.00 to $374.00 and gave the company an “overweight” rating in a research report on Friday, June 26th. Finally, Barrington Research boosted their target price on shares of TD SYNNEX from $202.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $294.67.

TD SYNNEX Company Profile

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the information technology industry. Formed in September 2021 through the merger of Tech Data and SYNNEX Corporation, the company provides a comprehensive range of products, services and solutions that span hardware, software, cloud, mobility, security and data center technologies. TD SYNNEX partners with vendors, resellers and system integrators to design, deploy and support IT infrastructures across diverse market segments, including commercial enterprises, public sector organizations and retail operations.

The company’s core business activities include the distribution of technology products from manufacturers such as servers, storage, networking equipment and peripherals, as well as the resale and provisioning of software licenses and cloud-based solutions.