S&T Bank PA Sells 1,879 Shares of TD SYNNEX Corporation $SNX

S&T Bank PA trimmed its position in TD SYNNEX Corporation (NYSE:SNX) by 4.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,056 shares of the business services provider’s stock after selling 1,879 shares during the quarter. TD SYNNEX comprises approximately 1.7% of S&T Bank PA’s holdings, making the stock its 20th largest position. S&T Bank PA’s holdings in TD SYNNEX were worth $5,571,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SNX. Bank of New York Mellon Corp boosted its holdings in TD SYNNEX by 3.3% during the first quarter. Bank of New York Mellon Corp now owns 705,454 shares of the business services provider’s stock valued at $73,339,000 after acquiring an additional 22,836 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of TD SYNNEX by 36.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 75,778 shares of the business services provider’s stock worth $7,878,000 after purchasing an additional 20,280 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in TD SYNNEX by 1.6% during the 1st quarter. Crossmark Global Holdings Inc. now owns 6,063 shares of the business services provider’s stock valued at $630,000 after purchasing an additional 94 shares during the period. Brown Advisory Inc. grew its holdings in TD SYNNEX by 28.8% in the 1st quarter. Brown Advisory Inc. now owns 103,374 shares of the business services provider’s stock valued at $10,747,000 after buying an additional 23,121 shares during the last quarter. Finally, M&T Bank Corp increased its position in TD SYNNEX by 77.5% in the 1st quarter. M&T Bank Corp now owns 4,586 shares of the business services provider’s stock worth $476,000 after buying an additional 2,003 shares during the period. 84.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at TD SYNNEX

In other news, insider Miriam Anne Murphy sold 1,673 shares of the stock in a transaction on Friday, October 31st. The stock was sold at an average price of $156.49, for a total transaction of $261,807.77. Following the sale, the insider owned 16,529 shares in the company, valued at approximately $2,586,623.21. This represents a 9.19% 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, CFO Marshall Witt sold 861 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $149.84, for a total transaction of $129,012.24. Following the completion of the sale, the chief financial officer owned 49,777 shares of the company’s stock, valued at $7,458,585.68. The trade was a 1.70% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 15,444 shares of company stock worth $2,386,174. 1.00% of the stock is owned by company insiders.

TD SYNNEX Stock Down 2.2%

SNX opened at $149.86 on Friday. The firm has a market cap of $12.20 billion, a price-to-earnings ratio of 16.25, a PEG 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. The firm’s 50-day simple moving average is $154.10 and its 200-day simple moving average is $139.73. TD SYNNEX Corporation has a twelve month low of $92.23 and a twelve month high of $167.76.

TD SYNNEX (NYSE:SNX) last released its quarterly 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). The firm had revenue of $15.65 billion during the quarter, compared to analyst estimates of $15.11 billion. TD SYNNEX had a net margin of 1.27% and a return on equity of 12.13%. TD SYNNEX’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.86 earnings per share. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. Equities research analysts anticipate that TD SYNNEX Corporation will post 11.88 EPS for the current fiscal year.

TD SYNNEX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Friday, October 17th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis 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 currently 19.09%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TD SYNNEX in a research report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price target on shares of TD SYNNEX from $143.00 to $160.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Barclays increased their target price on shares of TD SYNNEX from $140.00 to $164.00 and gave the company an “equal weight” rating in a research note on Friday, September 26th. Morgan Stanley upped their price target on TD SYNNEX from $173.00 to $181.00 and gave the company an “overweight” rating in a report on Friday, September 26th. Finally, Zacks Research upgraded TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $169.55.

TD SYNNEX Company 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.