Lazard Asset Management LLC Purchases New Holdings in TD SYNNEX Corporation $SNX

Lazard Asset Management LLC acquired a new position in TD SYNNEX Corporation (NYSE:SNX) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,222 shares of the business services provider’s stock, valued at approximately $375,000.

Several other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in TD SYNNEX in the 4th quarter valued at $148,559,000. Alyeska Investment Group L.P. acquired a new position in shares of TD SYNNEX during the third quarter valued at $135,631,000. AQR Capital Management LLC lifted its stake in shares of TD SYNNEX by 141.8% during the fourth quarter. AQR Capital Management LLC now owns 934,772 shares of the business services provider’s stock valued at $140,431,000 after acquiring an additional 548,180 shares during the period. Marshall Wace LLP boosted its holdings in TD SYNNEX by 6,626.0% in the third quarter. Marshall Wace LLP now owns 402,754 shares of the business services provider’s stock valued at $65,951,000 after acquiring an additional 396,766 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in TD SYNNEX by 365.9% in the third quarter. Wellington Management Group LLP now owns 373,101 shares of the business services provider’s stock valued at $61,095,000 after acquiring an additional 293,027 shares during the last quarter. Institutional investors and hedge funds own 84.00% of the company’s stock.

Wall Street Analyst Weigh In

SNX has been the subject of several recent research reports. Barrington Research boosted their price objective on TD SYNNEX from $202.00 to $325.00 and gave the stock an “outperform” rating 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. Barclays boosted their price target on shares of TD SYNNEX from $237.00 to $278.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 2nd. The Goldman Sachs Group set a $330.00 price objective on shares of TD SYNNEX in a report on Friday, June 26th. Finally, Weiss Ratings lowered shares of TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $294.67.

TD SYNNEX Stock Performance

SNX stock opened at $252.56 on Friday. The business’s 50-day moving average price is $261.80 and its two-hundred day moving average price is $212.82. 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 firm has a market cap of $20.19 billion, a PE ratio of 18.08, a P/E/G ratio of 0.73 and a beta of 1.44. TD SYNNEX Corporation has a 1-year low of $142.22 and a 1-year high of $296.47.

TD SYNNEX (NYSE:SNX) last announced its quarterly earnings results on Thursday, June 25th. The business services provider reported $4.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.14 by $0.71. The company had revenue of $19.57 billion during the quarter, compared to the consensus estimate of $16.80 billion. TD SYNNEX had a return on equity of 15.37% and a net margin of 1.63%.The company’s revenue for the quarter was up 31.0% compared to the same quarter last year. During the same period in the prior year, the company 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 forecast that TD SYNNEX Corporation will post 18.01 earnings per share for the current year.

TD SYNNEX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors 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 dividend yield of 0.8%. TD SYNNEX’s payout ratio is currently 13.74%.

Insider Buying and Selling

In other TD SYNNEX news, Director Richard T. Hume sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $262.21, for a total transaction of $1,311,050.00. Following the sale, the director directly owned 13,537 shares in the company, valued at approximately $3,549,536.77. This trade represents a 26.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible 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 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 transaction, the director directly owned 5,828 shares in the company, valued at approximately $1,492,259.40. The trade was a 17.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 21,273 shares of company stock valued at $5,401,452. 0.70% of the stock is owned by company insiders.

About TD SYNNEX

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.