International Assets Investment Management LLC increased its stake in TD SYNNEX Corporation (NYSE:SNX – Free Report) by 5,982.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,000 shares of the business services provider’s stock after buying an additional 49,178 shares during the quarter. International Assets Investment Management LLC’s holdings in TD SYNNEX were worth $12,843,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. CHICAGO TRUST Co NA raised its position in TD SYNNEX by 38.9% during the third quarter. CHICAGO TRUST Co NA now owns 1,157 shares of the business services provider’s stock worth $297,000 after acquiring an additional 324 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in shares of TD SYNNEX by 18.2% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 14,190 shares of the business services provider’s stock valued at $3,645,000 after acquiring an additional 2,190 shares during the period. Parcion Private Wealth LLC grew its position in shares of TD SYNNEX by 1.0% in the 3rd quarter. Parcion Private Wealth LLC now owns 16,316 shares of the business services provider’s stock valued at $4,191,000 after acquiring an additional 161 shares during the period. Soltis Investment Advisors LLC increased its stake in shares of TD SYNNEX by 20.2% during the 3rd quarter. Soltis Investment Advisors LLC now owns 948 shares of the business services provider’s stock worth $243,000 after purchasing an additional 159 shares during the last quarter. Finally, North Dakota State Investment Board increased its stake in shares of TD SYNNEX by 30.7% during the 3rd quarter. North Dakota State Investment Board now owns 9,585 shares of the business services provider’s stock worth $2,462,000 after purchasing an additional 2,251 shares during the last quarter. 84.00% of the stock is owned by institutional investors.
TD SYNNEX Price Performance
Shares of SNX opened at $236.81 on Friday. The firm has a market capitalization of $18.89 billion, a PE ratio of 14.43, a PEG ratio of 0.47 and a beta of 1.37. The company’s 50-day moving average is $260.67 and its 200-day moving average is $225.55. TD SYNNEX Corporation has a fifty-two week low of $142.22 and a fifty-two week high of $298.77. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.19 and a quick ratio of 0.64.
TD SYNNEX (NYSE:SNX – Get Free Report) last announced its earnings results on Thursday, September 24th. The business services provider reported $5.68 EPS for the quarter, topping the consensus estimate of $4.70 by $0.98. The business had revenue of $21.56 billion during the quarter, compared to the consensus estimate of $18.91 billion. TD SYNNEX had a net margin of 1.75% and a return on equity of 16.78%. TD SYNNEX’s revenue was up 37.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.58 EPS. TD SYNNEX has set its Q4 2026 guidance at 5.650-6.150 EPS. Equities analysts forecast that TD SYNNEX Corporation will post 20.35 EPS for the current year.
TD SYNNEX Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Friday, October 16th were given a dividend of $0.48 per share. The ex-dividend date was Friday, October 16th. This represents a $1.92 annualized dividend and a yield of 0.8%. TD SYNNEX’s dividend payout ratio (DPR) is 11.70%.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on SNX shares. UBS Group raised their target price on shares of TD SYNNEX from $352.00 to $379.00 and gave the company a “buy” rating in a research note on Friday, September 25th. Morgan Stanley boosted their price target on TD SYNNEX from $334.00 to $359.00 and gave the stock an “overweight” rating in a research report on Friday, September 25th. Zacks Research upgraded TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 29th. Barclays raised their price objective on TD SYNNEX from $278.00 to $287.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 8th. Finally, Weiss Ratings cut TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $331.14.
Check Out Our Latest Analysis on SNX
Insider Activity at TD SYNNEX
In other news, insider Alim Dhanji sold 3,775 shares of the stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $241.01, for a total transaction of $909,812.75. Following the transaction, the insider owned 11,712 shares in the company, valued at approximately $2,822,709.12. This trade represents a 24.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard T. Hume sold 5,000 shares of TD SYNNEX 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 directly owned 13,537 shares of the company’s stock, valued at approximately $3,549,536.77. The trade was a 26.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.70% of the company’s stock.
About TD SYNNEX
TD SYNNEX Corporation (NYSE: SNX) is a global technology distributor and solutions aggregator. The company connects technology vendors with resellers, systems integrators, managed service providers, retailers and other channel partners, helping them market, sell, deploy and support technology products and services.
Its offerings include personal computing and endpoint devices, servers, data-center and networking equipment, software, cloud solutions, cybersecurity products, and related professional and managed services.
Further Reading
- Five stocks we like better than TD SYNNEX
- Starbucks Says Its Turnaround Is DoneāThe Numbers Make a Strong Case (With 1 Catch)
- 3 Robotics ETFs, 3 Different Ways to Bet on Humanoid Robots
- Can Microsoft Turn a Leaner Workforce and Record AI Spending Into Bigger Profits?
- Why JFrog Could Be the Software Infrastructure Company to Beat in the AI Boom
Want to see what other hedge funds are holding SNX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TD SYNNEX Corporation (NYSE:SNX – Free Report).
Receive News & Ratings for TD SYNNEX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TD SYNNEX and related companies with MarketBeat.com's FREE daily email newsletter.
