Vise Technologies Inc. Makes New Investment in TD SYNNEX Corporation $SNX

Vise Technologies Inc. bought a new position in shares of TD SYNNEX Corporation (NYSE:SNX) during the second quarter, Holdings Channel.com reports. The fund bought 7,825 shares of the business services provider’s stock, valued at approximately $1,062,000.

Several other large investors have also recently modified their holdings of SNX. Voya Investment Management LLC boosted its position in shares of TD SYNNEX by 27.4% during the 1st quarter. Voya Investment Management LLC now owns 33,490 shares of the business services provider’s stock worth $3,482,000 after purchasing an additional 7,212 shares in the last quarter. CX Institutional grew its position in TD SYNNEX by 28.9% in the 2nd quarter. CX Institutional now owns 15,434 shares of the business services provider’s stock worth $2,094,000 after purchasing an additional 3,457 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in TD SYNNEX by 36.5% during the first quarter. Envestnet Asset Management Inc. now owns 75,778 shares of the business services provider’s stock worth $7,878,000 after acquiring an additional 20,280 shares during the period. Curbstone Financial Management Corp bought a new position in TD SYNNEX during the second quarter valued at about $400,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of TD SYNNEX by 16.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,390 shares of the business services provider’s stock worth $560,000 after purchasing an additional 763 shares during the last quarter. Institutional investors own 84.00% of the company’s stock.

Insider Buying and Selling

In other TD SYNNEX news, Director Merline Saintil sold 336 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $155.79, for a total value of $52,345.44. Following the transaction, the director owned 7,330 shares in the company, valued at approximately $1,141,940.70. This trade represents a 4.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard T. Hume sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $153.81, for a total transaction of $769,050.00. Following the sale, the director owned 57,515 shares of the company’s stock, valued at approximately $8,846,382.15. The trade was a 8.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 14,632 shares of company stock worth $2,264,033 in the last quarter. 1.00% of the stock is owned by insiders.

Analysts Set New Price Targets

SNX has been the topic of a number of analyst reports. Wall Street Zen lowered TD SYNNEX from a “buy” rating to a “hold” rating in a research note on Monday, November 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TD SYNNEX in a report on Wednesday, October 8th. Bank of America boosted their price objective on TD SYNNEX from $170.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, September 26th. Barclays boosted their price target on TD SYNNEX from $140.00 to $164.00 and gave the company an “equal weight” rating in a report on Friday, September 26th. Finally, JPMorgan Chase & Co. raised their price objective on shares of TD SYNNEX from $143.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $169.55.

TD SYNNEX Trading Down 0.7%

NYSE SNX traded down $1.06 on Thursday, hitting $151.67. 12,298 shares of the stock were exchanged, compared to its average volume of 768,579. The stock has a fifty day moving average price of $154.44 and a two-hundred day moving average price of $141.19. The firm has a market capitalization of $12.35 billion, a P/E ratio of 16.48, a P/E/G ratio of 1.19 and a beta of 1.41. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.71 and a current ratio of 1.20. TD SYNNEX Corporation has a 52-week low of $92.23 and a 52-week high of $167.76.

TD SYNNEX (NYSE:SNX) last issued its earnings results on Thursday, September 25th. The business services provider reported $2.74 EPS 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 analysts’ expectations of $15.11 billion. During the same period last year, the business posted $2.86 earnings per share. The business’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. Research analysts forecast that TD SYNNEX Corporation will post 11.88 EPS for the current fiscal year.

TD SYNNEX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 17th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, October 17th. TD SYNNEX’s dividend payout ratio (DPR) is presently 19.09%.

TD SYNNEX 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.