10,386 Shares in TD SYNNEX Corporation $SNX Bought by GSA Capital Partners LLP

GSA Capital Partners LLP bought a new stake in shares of TD SYNNEX Corporation (NYSE:SNX) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,386 shares of the business services provider’s stock, valued at approximately $2,777,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SNX. State Street Corp lifted its position in shares of TD SYNNEX by 0.4% during the 3rd quarter. State Street Corp now owns 2,372,733 shares of the business services provider’s stock valued at $388,535,000 after buying an additional 9,024 shares in the last quarter. Ninety One UK Ltd raised its stake in TD SYNNEX by 13.1% during the 4th quarter. Ninety One UK Ltd now owns 2,229,091 shares of the business services provider’s stock worth $334,876,000 after acquiring an additional 258,630 shares during the period. LSV Asset Management raised its stake in TD SYNNEX by 16.1% during the 4th quarter. LSV Asset Management now owns 2,086,604 shares of the business services provider’s stock worth $313,471,000 after acquiring an additional 288,625 shares during the period. Geode Capital Management LLC lifted its holdings in TD SYNNEX by 6.9% during the fourth quarter. Geode Capital Management LLC now owns 1,532,784 shares of the business services provider’s stock valued at $230,315,000 after purchasing an additional 99,090 shares in the last quarter. Finally, Metropolis Capital Ltd boosted its position in shares of TD SYNNEX by 9.5% in the first quarter. Metropolis Capital Ltd now owns 1,281,307 shares of the business services provider’s stock worth $216,169,000 after purchasing an additional 111,222 shares during the period. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SNX. JPMorgan Chase & Co. raised shares of TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 price objective for the company in a research note on Wednesday, May 27th. Weiss Ratings downgraded shares of TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, June 17th. The Goldman Sachs Group set a $330.00 price target on TD SYNNEX in a research note on Friday, June 26th. Zacks Research raised TD SYNNEX from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Finally, Morgan Stanley boosted their price objective on TD SYNNEX from $341.00 to $374.00 and gave the company an “overweight” rating in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $294.67.

Insider Buying and Selling at TD SYNNEX

In other TD SYNNEX news, Director Ann F. Vezina sold 1,273 shares of TD SYNNEX stock in a transaction 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 completion of the transaction, the director directly owned 5,828 shares of the company’s stock, valued at $1,492,259.40. This trade represents a 17.93% decrease in their position. The sale 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 business’s stock in a transaction dated 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 in the company, valued at approximately $3,549,536.77. This trade represents a 26.97% 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. Insiders sold 21,273 shares of company stock worth $5,401,452 in the last 90 days. 0.70% of the stock is currently owned by company insiders.

TD SYNNEX Price Performance

NYSE:SNX opened at $258.79 on Friday. The business’s 50-day moving average is $259.82 and its 200 day moving average is $216.49. TD SYNNEX Corporation has a 12 month low of $142.22 and a 12 month high of $296.47. The company has a market capitalization of $20.69 billion, a P/E ratio of 18.52, a P/E/G ratio of 0.73 and a beta of 1.44. The company has a current ratio of 1.20, a quick ratio of 0.64 and a debt-to-equity ratio of 0.40.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings results on Thursday, June 25th. The business services provider reported $4.85 earnings per share for the quarter, beating the consensus estimate of $4.14 by $0.71. TD SYNNEX had a return on equity of 15.37% and a net margin of 1.63%.The business had revenue of $19.57 billion during the quarter, compared to analysts’ expectations of $16.80 billion. During the same quarter last year, the business posted $2.99 EPS. The firm’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. On average, equities research analysts forecast that TD SYNNEX Corporation will post 18.01 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

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

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.