New York State Teachers Retirement System Reduces Stake in TD SYNNEX Corporation $SNX

New York State Teachers Retirement System lowered its holdings in TD SYNNEX Corporation (NYSE:SNX) by 8.8% during the second quarter, HoldingsChannel reports. The fund owned 74,303 shares of the business services provider’s stock after selling 7,153 shares during the period. New York State Teachers Retirement System’s holdings in TD SYNNEX were worth $10,083,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Crossmark Global Holdings Inc. increased its holdings in shares of TD SYNNEX by 1.6% in the 1st quarter. Crossmark Global Holdings Inc. now owns 6,063 shares of the business services provider’s stock valued at $630,000 after acquiring an additional 94 shares during the last quarter. State of Michigan Retirement System increased its holdings in shares of TD SYNNEX by 0.6% in the 1st quarter. State of Michigan Retirement System now owns 18,021 shares of the business services provider’s stock valued at $1,873,000 after acquiring an additional 100 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of TD SYNNEX by 0.5% in the 1st quarter. Louisiana State Employees Retirement System now owns 21,100 shares of the business services provider’s stock valued at $2,194,000 after acquiring an additional 100 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of TD SYNNEX by 23.7% in the 2nd quarter. Blue Trust Inc. now owns 543 shares of the business services provider’s stock valued at $74,000 after acquiring an additional 104 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of TD SYNNEX by 16.8% in the 1st quarter. GAMMA Investing LLC now owns 750 shares of the business services provider’s stock valued at $78,000 after acquiring an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wall Street Zen cut TD SYNNEX from a “buy” rating to a “hold” rating in a research report on Saturday. Raymond James Financial set a $175.00 target price on TD SYNNEX in a research report on Thursday, September 25th. Royal Bank Of Canada upped their target price on TD SYNNEX from $165.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, September 26th. The Goldman Sachs Group upped their target price on TD SYNNEX from $145.00 to $164.00 and gave the company a “buy” rating in a research report on Thursday, September 25th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of TD SYNNEX in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $169.55.

Insiders Place Their Bets

In other news, Director Ann F. Vezina sold 812 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $150.42, for a total transaction of $122,141.04. Following the completion of the transaction, the director directly owned 6,079 shares of the company’s stock, valued at approximately $914,403.18. This represents a 11.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Marshall Witt sold 861 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $149.84, for a total value of $129,012.24. Following the transaction, the chief financial officer directly owned 49,777 shares of the company’s stock, valued at approximately $7,458,585.68. This trade represents a 1.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,930 shares of company stock valued at $1,209,663. Corporate insiders own 1.00% of the company’s stock.

TD SYNNEX Stock Down 1.2%

TD SYNNEX stock opened at $153.17 on Friday. TD SYNNEX Corporation has a twelve month low of $92.23 and a twelve month high of $167.76. The stock has a 50 day moving average of $152.54 and a two-hundred day moving average of $134.69. The company has a current ratio of 1.20, a quick ratio of 0.71 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $12.47 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 1.19 and a beta of 1.43.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings data on Thursday, September 25th. The business services provider reported $2.74 earnings per share for the quarter, missing analysts’ consensus estimates of $3.05 by ($0.31). TD SYNNEX had a return on equity of 12.13% and a net margin of 1.27%.The company had revenue of $15.65 billion for the quarter, compared to analyst estimates of $15.11 billion. During the same period in the previous year, the business posted $2.86 earnings per share. The firm’s revenue was up 6.6% compared to the same quarter last year. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. As a group, research analysts expect that TD SYNNEX Corporation will post 11.88 earnings per share for the current year.

TD SYNNEX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, October 17th. TD SYNNEX’s dividend payout ratio (DPR) is presently 19.09%.

TD SYNNEX Company Profile

TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem. The company offers personal computing devices and peripherals, mobile phones and accessories, printers, supplies, and endpoint technology software; and data center technologies, such as hybrid cloud, security, storage, networking, servers, technology software, and converged and hyper-converged infrastructure, as well as computing components.