Caisse de depot et placement du Quebec Takes $16.17 Million Position in TD SYNNEX Corporation $SNX

Caisse de depot et placement du Quebec bought a new stake in TD SYNNEX Corporation (NYSE:SNX) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 60,490 shares of the business services provider’s stock, valued at approximately $16,171,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Man Group plc bought a new position in TD SYNNEX during the second quarter valued at about $6,322,000. Jupiter Topco LLC acquired a new position in TD SYNNEX in the 2nd quarter valued at approximately $8,466,000. J. Goldman & Co LP bought a new stake in shares of TD SYNNEX in the 2nd quarter worth approximately $3,529,000. Hsbc Holdings PLC acquired a new stake in shares of TD SYNNEX during the 2nd quarter worth approximately $14,981,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of TD SYNNEX during the 2nd quarter worth approximately $28,311,000. 84.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SNX has been the subject of a number of recent research reports. Barclays upped their target price on TD SYNNEX from $237.00 to $278.00 and gave the company an “equal weight” rating in a research note on Thursday, July 2nd. The Goldman Sachs Group set a $330.00 price target on shares of TD SYNNEX 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. Barrington Research increased their price objective on shares of TD SYNNEX from $202.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, June 26th. Finally, Weiss Ratings downgraded shares of TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, June 17th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, TD SYNNEX currently has an average rating of “Moderate Buy” and a consensus price target of $294.67.

TD SYNNEX Trading Down 2.5%

SNX stock opened at $253.62 on Friday. TD SYNNEX Corporation has a 1-year low of $142.22 and a 1-year high of $296.47. 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 business’s 50 day moving average is $254.85 and its 200-day moving average is $222.97. The firm has a market cap of $20.28 billion, a P/E ratio of 18.15, a P/E/G ratio of 0.73 and a beta of 1.44.

TD SYNNEX (NYSE:SNX) last posted its earnings results on Thursday, June 25th. The business services provider reported $4.85 EPS for the quarter, topping the consensus estimate of $4.14 by $0.71. The business 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%.TD SYNNEX’s revenue was up 31.0% on a year-over-year basis. During the same quarter last year, the company earned $2.99 EPS. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Equities analysts anticipate that TD SYNNEX Corporation will post 18.01 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 17th were issued a dividend of $0.48 per share. 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 (DPR) is presently 13.74%.

Insiders Place Their Bets

In related news, Director Ann F. Vezina sold 1,273 shares of the stock in a transaction dated 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 sale, the director owned 5,828 shares in the company, valued at $1,492,259.40. This trade represents a 17.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard T. Hume sold 5,000 shares of TD SYNNEX stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $242.97, for a total transaction of $1,214,850.00. Following the transaction, the director directly owned 18,537 shares of the company’s stock, valued at $4,503,934.89. This represents a 21.24% decrease in their ownership of the stock. 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. Over the last three months, insiders have sold 16,273 shares of company stock valued at $4,253,752. Company insiders own 0.70% of the company’s stock.

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.