M.D. Sass LLC acquired a new position in TD SYNNEX Corporation (NYSE:SNX – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 186,193 shares of the business services provider’s stock, valued at approximately $49,777,000. TD SYNNEX comprises approximately 3.3% of M.D. Sass LLC’s investment portfolio, making the stock its 17th largest holding. M.D. Sass LLC owned about 0.23% of TD SYNNEX at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Bell Investment Advisors Inc acquired a new position in shares of TD SYNNEX in the 2nd quarter worth $27,000. Ossiam raised its holdings in TD SYNNEX by 84.3% during the 3rd 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. Measured Wealth Private Client Group LLC purchased a new stake in TD SYNNEX during the third quarter valued at about $30,000. Aster Capital Management DIFC Ltd purchased a new stake in TD SYNNEX during the fourth quarter valued at about $28,000. Finally, SJS Investment Consulting Inc. boosted its holdings in shares of TD SYNNEX by 44.6% in the first quarter. SJS Investment Consulting Inc. now owns 201 shares of the business services provider’s stock worth $34,000 after buying an additional 62 shares during the period. 84.00% of the stock is currently owned by institutional investors.
Insider Activity at TD SYNNEX
In other TD SYNNEX news, Director Richard T. Hume sold 5,000 shares of the stock in a transaction that occurred 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 in the company, valued at $4,503,934.89. This trade represents a 21.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ann F. Vezina sold 1,273 shares of the business’s stock in a transaction on Friday, July 31st. The stock was 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 of the company’s stock, valued at $1,492,259.40. The trade was a 17.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 16,273 shares of company stock worth $4,253,752. Corporate insiders own 0.70% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on TD SYNNEX
TD SYNNEX Trading Down 1.5%
NYSE:SNX opened at $259.96 on Wednesday. The company has a market capitalization of $20.79 billion, a P/E ratio of 18.61, a P/E/G ratio of 0.73 and a beta of 1.44. The stock’s 50 day moving average price is $259.42 and its 200 day moving average price is $218.37. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.64 and a current ratio of 1.20. TD SYNNEX Corporation has a 52 week low of $142.22 and a 52 week high of $296.47.
TD SYNNEX (NYSE:SNX – Get Free Report) last posted its earnings results on Thursday, June 25th. The business services provider reported $4.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.14 by $0.71. The firm had revenue of $19.57 billion during the quarter, compared to analysts’ expectations of $16.80 billion. TD SYNNEX had a net margin of 1.63% and a return on equity of 15.37%. The company’s revenue was up 31.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.99 earnings per share. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. On average, research analysts forecast that TD SYNNEX Corporation will post 18.01 EPS for the current fiscal 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 given 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 yield of 0.7%. TD SYNNEX’s dividend payout ratio is presently 13.74%.
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.
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