Global Retirement Partners LLC Invests $541,000 in TD SYNNEX Corporation $SNX

Global Retirement Partners LLC purchased a new stake in shares of TD SYNNEX Corporation (NYSE:SNX) in the second quarter, HoldingsChannel reports. The institutional investor purchased 2,025 shares of the business services provider’s stock, valued at approximately $541,000.

Other hedge funds also recently modified their holdings of the company. Ossiam lifted its holdings in TD SYNNEX by 84.3% in the 3rd quarter. Ossiam now owns 164 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 75 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of TD SYNNEX in the 4th quarter worth approximately $28,000. Measured Wealth Private Client Group LLC bought a new stake in shares of TD SYNNEX in the 3rd quarter worth approximately $30,000. Lloyd Advisory Services LLC. bought a new stake in shares of TD SYNNEX in the 4th quarter worth approximately $32,000. Finally, SJS Investment Consulting Inc. lifted its stake in TD SYNNEX by 44.6% during the first quarter. SJS Investment Consulting Inc. now owns 201 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 62 shares during the last quarter. 84.00% of the stock is currently owned by institutional investors and hedge funds.

TD SYNNEX Stock Performance

SNX stock opened at $251.92 on Thursday. The firm has a 50 day moving average of $259.09 and a two-hundred day moving average of $219.01. 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 $20.14 billion, a price-to-earnings ratio of 18.03, a P/E/G ratio of 0.73 and a beta of 1.44. 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 (NYSE:SNX) last released its quarterly earnings results on Thursday, June 25th. The business services provider reported $4.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $16.80 billion. During the same period in the prior year, the company earned $2.99 earnings per share. The business’s quarterly revenue 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, equities analysts anticipate that TD SYNNEX Corporation will post 18.01 EPS for the current fiscal year.

TD SYNNEX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders 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 0.8%. TD SYNNEX’s dividend payout ratio is presently 13.74%.

Insider Buying and Selling

In other TD SYNNEX news, Director Richard T. Hume sold 5,000 shares of the company’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $242.97, for a total value of $1,214,850.00. Following the sale, the director directly 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ann F. Vezina sold 1,273 shares of the stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $256.05, for a total transaction of $325,951.65. Following the sale, the director 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 SEC filing for this sale provides additional information. Over the last three months, insiders sold 16,273 shares of company stock valued at $4,253,752. 0.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SNX shares. Zacks Research upgraded TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. The Goldman Sachs Group set a $330.00 target price on TD SYNNEX in a research report on Friday, June 26th. Royal Bank Of Canada set a $340.00 target price on TD SYNNEX in a report on Friday, June 26th. Barrington Research increased their price target on TD SYNNEX from $202.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, June 26th. Finally, Barclays lifted their price target on TD SYNNEX from $237.00 to $278.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price 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.