Globeflex Capital L P acquired a new stake in shares of TD SYNNEX Corporation (NYSE:SNX – Free Report) in the 2nd quarter, HoldingsChannel reports. The firm acquired 40,040 shares of the business services provider’s stock, valued at approximately $10,704,000. TD SYNNEX accounts for approximately 1.4% of Globeflex Capital L P’s portfolio, making the stock its 11th largest holding.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bell Investment Advisors Inc acquired a new stake in TD SYNNEX in the second quarter valued at approximately $27,000. Ossiam boosted its position 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. Aster Capital Management DIFC Ltd bought a new stake in shares of TD SYNNEX in the fourth quarter worth $28,000. Measured Wealth Private Client Group LLC bought a new stake in TD SYNNEX in the third quarter valued at approximately $30,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in shares of TD SYNNEX during the fourth quarter worth $32,000. Institutional investors own 84.00% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms recently commented on SNX. The Goldman Sachs Group set a $330.00 target price on TD SYNNEX in a research note on Friday, June 26th. UBS Group increased their price target on TD SYNNEX from $310.00 to $352.00 and gave the stock a “buy” rating in a report on Friday, June 26th. Weiss Ratings cut TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, June 17th. JPMorgan Chase & Co. upgraded TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 price objective for the company in a report on Wednesday, May 27th. Finally, Zacks Research raised shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $294.67.
Insider Transactions at TD SYNNEX
In other TD SYNNEX news, Director Ann F. Vezina sold 1,273 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $1,492,259.40. This trade represents a 17.93% decrease in their position. The transaction 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 firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $242.97, for a total transaction of $1,214,850.00. Following the completion of the sale, the director directly owned 18,537 shares in the company, valued at $4,503,934.89. This represents a 21.24% 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. Insiders sold a total of 16,273 shares of company stock worth $4,253,752 over the last 90 days. Corporate insiders own 0.70% of the company’s stock.
TD SYNNEX Stock Performance
Shares of SNX stock opened at $250.14 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.20 and a quick ratio of 0.64. TD SYNNEX Corporation has a 1 year low of $142.22 and a 1 year high of $296.47. The stock has a market capitalization of $20.00 billion, a price-to-earnings ratio of 17.91, a PEG ratio of 0.71 and a beta of 1.44. The company’s fifty day simple moving average is $257.93 and its two-hundred day simple moving average is $220.29.
TD SYNNEX (NYSE:SNX – Get Free Report) last issued its quarterly earnings data on Thursday, June 25th. The business services provider reported $4.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.14 by $0.71. TD SYNNEX had a return on equity of 15.37% and a net margin of 1.63%.The business had revenue of $19.57 billion for the quarter, compared to analysts’ expectations of $16.80 billion. During the same quarter in the prior year, the firm posted $2.99 EPS. The firm’s quarterly revenue was up 31.0% on a year-over-year basis. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. As a group, analysts anticipate that TD SYNNEX Corporation will post 18.01 earnings per share for the current year.
TD SYNNEX Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 17th were issued a $0.48 dividend. The ex-dividend date of this dividend was Friday, July 17th. This represents a $1.92 annualized dividend and a dividend yield of 0.8%. 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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