Corient Private Wealth LP Makes New $8.34 Million Investment in TD SYNNEX Corporation $SNX

Corient Private Wealth LP bought a new stake in TD SYNNEX Corporation (NYSE:SNX) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 31,201 shares of the business services provider’s stock, valued at approximately $8,341,000.

A number of other hedge funds have also made changes to their positions in SNX. Bank of America Corp DE bought a new stake in shares of TD SYNNEX in the second quarter worth $113,155,000. Freestone Grove Partners LP bought a new position in TD SYNNEX during the 2nd quarter valued at $98,650,000. Caisse de depot et placement du Quebec bought a new position in TD SYNNEX during the 2nd quarter valued at $16,171,000. Man Group plc acquired a new position in TD SYNNEX during the 2nd quarter worth $6,322,000. Finally, Jupiter Topco LLC bought a new stake in shares of TD SYNNEX in the 2nd quarter worth about $8,466,000. Institutional investors and hedge funds own 84.00% of the company’s stock.

TD SYNNEX Stock Down 0.1%

NYSE:SNX opened at $253.62 on Monday. 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 50 day moving average of $254.85 and a 200-day moving average of $223.33. The firm has a market capitalization of $20.28 billion, a PE ratio of 18.15, a price-to-earnings-growth ratio of 0.72 and a beta of 1.44. TD SYNNEX Corporation has a 52 week low of $142.22 and a 52 week 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. 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 the consensus estimate of $16.80 billion. During the same quarter last year, the business posted $2.99 EPS. The business’s revenue was up 31.0% on a year-over-year basis. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Analysts predict that TD SYNNEX Corporation will post 18.01 EPS for the current year.

TD SYNNEX Announces Dividend

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

Analyst Upgrades and Downgrades

SNX has been the subject of several research reports. Zacks Research lowered TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Royal Bank Of Canada set a $340.00 price objective on TD SYNNEX in a research note on Friday, June 26th. Barclays lifted their price objective 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. The Goldman Sachs Group set a $330.00 target price on shares of TD SYNNEX in a research note on Friday, June 26th. Finally, Barrington Research increased their target price on shares of TD SYNNEX from $202.00 to $325.00 and gave the stock an “outperform” rating in a 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $294.67.

Insider Buying and Selling at TD SYNNEX

In other TD SYNNEX news, Director Ann F. Vezina sold 1,273 shares of the business’s 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 transaction, the director directly owned 5,828 shares of the company’s stock, valued at $1,492,259.40. The trade was a 17.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard T. Hume sold 5,000 shares of the company’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $242.97, for a total transaction of $1,214,850.00. Following the completion of the transaction, the director owned 18,537 shares of the company’s stock, valued at approximately $4,503,934.89. This trade represents a 21.24% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 16,273 shares of company stock valued at $4,253,752. Corporate 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.