One Wealth Advisors LLC Purchases Shares of 2,047 TD SYNNEX Corporation $SNX

One Wealth Advisors LLC purchased a new position in shares of TD SYNNEX Corporation (NYSE:SNX) in the second quarter, according to its most recent filing with the SEC. The firm purchased 2,047 shares of the business services provider’s stock, valued at approximately $547,000.

Other hedge funds have also recently made changes to their positions in the company. State Street Corp grew its stake in TD SYNNEX by 0.4% during the third quarter. State Street Corp now owns 2,372,733 shares of the business services provider’s stock worth $388,535,000 after purchasing an additional 9,024 shares during the period. Ninety One UK Ltd lifted its stake in TD SYNNEX by 13.1% in the fourth quarter. Ninety One UK Ltd now owns 2,229,091 shares of the business services provider’s stock valued at $334,876,000 after buying an additional 258,630 shares during the period. LSV Asset Management boosted its holdings in shares of 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 buying an additional 288,625 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of TD SYNNEX by 6.9% during the 4th quarter. Geode Capital Management LLC now owns 1,532,784 shares of the business services provider’s stock worth $230,315,000 after buying an additional 99,090 shares in the last quarter. Finally, Metropolis Capital Ltd grew its position in shares of TD SYNNEX by 9.5% during the 1st quarter. Metropolis Capital Ltd now owns 1,281,307 shares of the business services provider’s stock worth $216,169,000 after buying an additional 111,222 shares during the period. 84.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SNX has been the topic of a number of research reports. 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 raised their price target on shares of TD SYNNEX from $237.00 to $278.00 and gave the stock an “equal weight” rating in a report on Thursday, July 2nd. UBS Group lifted their price target on shares of TD SYNNEX from $310.00 to $352.00 and gave the company a “buy” rating in a research note on Friday, June 26th. The Goldman Sachs Group set a $330.00 price objective on shares of TD SYNNEX in a research report on Friday, June 26th. Finally, Barrington Research raised their target price on TD SYNNEX from $202.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, June 26th. 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $294.67.

TD SYNNEX Price Performance

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

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

TD SYNNEX Dividend Announcement

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

Insider Activity

In related news, Director Richard T. Hume sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $262.21, for a total value of $1,311,050.00. Following the transaction, the director owned 13,537 shares of the company’s stock, valued at approximately $3,549,536.77. This trade represents a 26.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ann F. Vezina sold 1,273 shares of the business’s stock in a transaction that occurred 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 sale, 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 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 currently owned by insiders.

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.