Susquehanna Fundamental Investments LLC Increases Stake in TD SYNNEX Corporation $SNX

Susquehanna Fundamental Investments LLC grew its holdings in shares of TD SYNNEX Corporation (NYSE:SNX) by 148.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 68,153 shares of the business services provider’s stock after purchasing an additional 40,679 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in TD SYNNEX were worth $18,220,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Bell Investment Advisors Inc acquired a new position in shares of TD SYNNEX during the 2nd quarter worth $27,000. Fiduciary Financial Advisors acquired a new stake in shares of TD SYNNEX in the second quarter valued at about $28,000. Compass Financial Management LLC purchased a new stake in TD SYNNEX during the second quarter worth about $38,000. Ossiam grew its position in TD SYNNEX by 84.3% during the third quarter. Ossiam now owns 164 shares of the business services provider’s stock worth $27,000 after buying an additional 75 shares during the period. Finally, Measured Wealth Private Client Group LLC acquired a new position in TD SYNNEX during the third quarter worth about $30,000. 84.00% of the stock is owned by hedge funds and other institutional investors.

TD SYNNEX Stock Performance

NYSE SNX opened at $253.62 on Monday. The company has a quick ratio of 0.64, a current ratio of 1.20 and a debt-to-equity ratio of 0.40. TD SYNNEX Corporation has a fifty-two week low of $142.22 and a fifty-two week high of $296.47. The business has a fifty day moving average of $254.85 and a 200-day moving average of $223.33. The stock has a market cap of $20.28 billion, a price-to-earnings ratio of 18.15, a price-to-earnings-growth ratio of 0.72 and a beta of 1.44.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings data on Thursday, June 25th. The business services provider reported $4.85 EPS for the quarter, beating analysts’ consensus estimates of $4.14 by $0.71. The business had revenue of $19.57 billion for the quarter, compared to analyst estimates of $16.80 billion. TD SYNNEX had a return on equity of 15.37% and a net margin of 1.63%.The business’s revenue for the quarter was up 31.0% compared to the same quarter last year. During the same quarter last 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, analysts predict that TD SYNNEX Corporation will post 18.01 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 17th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, July 17th. TD SYNNEX’s payout ratio is currently 13.74%.

Insider Activity at TD SYNNEX

In other TD SYNNEX news, Director Richard T. Hume sold 5,000 shares of the stock in a transaction on 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 transaction, the director owned 18,537 shares of the company’s stock, valued at $4,503,934.89. This represents a 21.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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 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 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 16,273 shares of company stock worth $4,253,752 in the last three months. Insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Morgan Stanley upped their price target on TD SYNNEX from $341.00 to $374.00 and gave the stock an “overweight” rating in a report on Friday, June 26th. JPMorgan Chase & Co. upgraded TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 price target for the company in a research report on Wednesday, May 27th. Barrington Research lifted their price target on TD SYNNEX from $202.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, June 26th. Zacks Research cut shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Finally, UBS Group lifted their target price on shares of TD SYNNEX from $310.00 to $352.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $294.67.

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.