Virtus Advisers LLC bought a new position in TD SYNNEX Corporation (NYSE:SNX – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,180 shares of the business services provider’s stock, valued at approximately $850,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of SNX. Bell Investment Advisors Inc acquired a new position in TD SYNNEX in the second quarter valued at approximately $27,000. Ossiam grew its stake in shares of 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 purchasing an additional 75 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in shares of TD SYNNEX during the 4th quarter valued at approximately $28,000. Measured Wealth Private Client Group LLC acquired a new position in shares of TD SYNNEX in the 3rd quarter valued at $30,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in TD SYNNEX during the fourth quarter worth $32,000. 84.00% of the stock is owned by institutional investors and hedge funds.
Insider Activity at TD SYNNEX
In other news, Director Ann F. Vezina sold 1,273 shares of TD SYNNEX stock in a transaction that occurred 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard T. Hume sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $262.21, for a total value of $1,311,050.00. Following the sale, the director owned 13,537 shares of the company’s stock, valued at $3,549,536.77. The trade was a 26.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 16,273 shares of company stock valued at $4,253,752. 0.70% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Analysis on TD SYNNEX
TD SYNNEX Stock Performance
NYSE:SNX opened at $250.67 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.64 and a current ratio of 1.20. The company has a fifty day moving average of $258.55 and a two-hundred day moving average of $219.66. The stock has a market capitalization of $20.04 billion, a PE ratio of 17.94, a P/E/G ratio of 0.71 and a beta of 1.44. TD SYNNEX Corporation has a fifty-two week low of $142.22 and a fifty-two week high of $296.47.
TD SYNNEX (NYSE:SNX – Get Free Report) last announced its earnings results on Thursday, June 25th. The business services provider reported $4.85 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 1.63% and a return on equity of 15.37%. The company’s revenue for the quarter was up 31.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.99 earnings per share. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. As a group, research analysts forecast 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. Investors of record on Friday, July 17th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, July 17th. TD SYNNEX’s payout ratio is presently 13.74%.
About TD SYNNEX
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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