TD SYNNEX Corporation $SNX Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System grew its position in shares of TD SYNNEX Corporation (NYSE:SNX) by 27,034.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,852,758 shares of the business services provider’s stock after buying an additional 22,768,538 shares during the quarter. California State Teachers Retirement System owned 0.29% of TD SYNNEX worth $6,109,456,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Gamco Investors INC. ET AL increased its stake in shares of TD SYNNEX by 1.1% during the first quarter. Gamco Investors INC. ET AL now owns 4,667 shares of the business services provider’s stock worth $787,000 after acquiring an additional 52 shares during the period. Essex Financial Services Inc. lifted its position in TD SYNNEX by 2.9% in the first quarter. Essex Financial Services Inc. now owns 1,957 shares of the business services provider’s stock valued at $330,000 after purchasing an additional 56 shares during the period. Kesler Norman & Wride LLC boosted its holdings in TD SYNNEX by 0.7% in the 1st quarter. Kesler Norman & Wride LLC now owns 8,581 shares of the business services provider’s stock valued at $1,448,000 after purchasing an additional 61 shares in the last quarter. SJS Investment Consulting Inc. increased its position in TD SYNNEX by 44.6% during the 1st quarter. SJS Investment Consulting Inc. now owns 201 shares of the business services provider’s stock worth $34,000 after purchasing an additional 62 shares during the period. Finally, HB Wealth Management LLC increased its position in TD SYNNEX by 1.2% during the 2nd quarter. HB Wealth Management LLC now owns 5,505 shares of the business services provider’s stock worth $1,472,000 after purchasing an additional 65 shares during the period. Institutional investors and hedge funds own 84.00% of the company’s stock.

TD SYNNEX Price Performance

Shares of NYSE:SNX opened at $258.96 on Thursday. The business’s 50 day simple moving average is $252.14 and its 200-day simple moving average is $228.67. The firm has a market capitalization of $20.71 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 0.73 and a beta of 1.43. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.20 and a quick ratio of 0.64. TD SYNNEX Corporation has a 12 month low of $142.22 and a 12 month high of $296.47.

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, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $16.80 billion. During the same quarter in the prior year, the firm posted $2.99 EPS. The company’s 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 forecast that TD SYNNEX Corporation will post 18.01 earnings per share for the current fiscal year.

TD SYNNEX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders 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 annualized dividend and a yield of 0.7%. TD SYNNEX’s dividend payout ratio is 13.74%.

Wall Street Analyst Weigh In

SNX has been the subject of several recent analyst reports. Weiss Ratings cut TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, June 17th. Barclays upped their price objective on TD SYNNEX from $278.00 to $287.00 and gave the stock an “equal weight” rating in a report on Tuesday. UBS Group increased their price objective on TD SYNNEX from $310.00 to $352.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Morgan Stanley raised their target price on TD SYNNEX from $341.00 to $374.00 and gave the company an “overweight” rating in a 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 report on Friday, June 26th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $295.67.

Insider Buying and Selling at TD SYNNEX

In other news, Director Ann Vezina sold 1,273 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $256.05, for a total value of $325,951.65. Following the completion of the transaction, the director owned 5,828 shares in the company, valued at $1,492,259.40. This trade represents a 17.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard Hume sold 5,000 shares of TD SYNNEX stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $262.21, for a total value of $1,311,050.00. Following the transaction, the director directly owned 13,537 shares of the company’s stock, valued at $3,549,536.77. This trade represents a 26.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 11,273 shares of company stock worth $2,851,852 in the last three months. 0.70% of the stock is owned by corporate insiders.

About TD SYNNEX

TD SYNNEX Corporation (NYSE: SNX) is a global technology distributor and solutions aggregator that connects technology manufacturers with resellers, systems integrators, managed service providers and other business partners. The company helps its partners design, procure, configure and deliver technology solutions to organizations across a range of industries.

Its portfolio includes personal computing devices, peripherals, networking equipment, data-center infrastructure, cybersecurity products, software and cloud services.