UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 12,322 Shares of TD SYNNEX Corporation $SNX

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of TD SYNNEX Corporation (NYSE:SNX) by 5.8% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 224,279 shares of the business services provider’s stock after buying an additional 12,322 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in TD SYNNEX were worth $59,959,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in TD SYNNEX by 9.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,820 shares of the business services provider’s stock valued at $1,749,000 after acquiring an additional 1,460 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of TD SYNNEX by 5.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 179,210 shares of the business services provider’s stock worth $18,631,000 after acquiring an additional 9,815 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in shares of TD SYNNEX in the 2nd quarter worth approximately $818,000. EverSource Wealth Advisors LLC grew its holdings in shares of TD SYNNEX by 17.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 852 shares of the business services provider’s stock worth $116,000 after purchasing an additional 126 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of TD SYNNEX during the second quarter valued at approximately $813,000. 84.00% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Richard T. Hume sold 5,000 shares of the firm’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 completion of the sale, the director directly owned 18,537 shares in the company, valued at approximately $4,503,934.89. This trade represents a 21.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ann F. Vezina sold 1,273 shares of TD SYNNEX stock in a transaction dated 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 represents a 17.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 11,273 shares of company stock worth $2,851,852. Insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SNX. UBS Group upped their target price on TD SYNNEX from $310.00 to $352.00 and gave the company a “buy” rating in a research note on Friday, June 26th. JPMorgan Chase & Co. raised shares of TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 price target on the stock in a report on Wednesday, May 27th. Zacks Research cut shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. The Goldman Sachs Group set a $330.00 price objective on shares of TD SYNNEX in a report on Friday, June 26th. Finally, Royal Bank Of Canada set a $340.00 target price on shares of TD SYNNEX in a research report on Friday, June 26th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, TD SYNNEX has an average rating of “Moderate Buy” and a consensus price target of $294.67.

TD SYNNEX Price Performance

Shares of TD SYNNEX stock opened at $252.76 on Thursday. The company has a current ratio of 1.20, a quick ratio of 0.64 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $20.21 billion, a price-to-earnings ratio of 18.09, a P/E/G ratio of 0.71 and a beta of 1.43. TD SYNNEX Corporation has a 1-year low of $142.22 and a 1-year high of $296.47. The firm’s 50-day moving average price is $252.86 and its two-hundred day moving average price is $225.14.

TD SYNNEX (NYSE:SNX) last posted its 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 quarter in the previous year, the company posted $2.99 earnings per share. TD SYNNEX’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. On average, equities analysts predict that TD SYNNEX Corporation will post 18.01 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

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

TD SYNNEX 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.