Campbell & CO Investment Adviser LLC Acquires 10,132 Shares of TD SYNNEX Corporation $SNX

Campbell & CO Investment Adviser LLC raised its holdings in shares of TD SYNNEX Corporation (NYSE:SNX) by 93.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,956 shares of the business services provider’s stock after purchasing an additional 10,132 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in TD SYNNEX were worth $2,844,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SNX. JPMorgan Chase & Co. increased its stake in shares of TD SYNNEX by 16.9% during the first quarter. JPMorgan Chase & Co. now owns 3,899,974 shares of the business services provider’s stock valued at $405,441,000 after buying an additional 564,473 shares during the period. Ninety One UK Ltd boosted its holdings in TD SYNNEX by 15.0% in the second quarter. Ninety One UK Ltd now owns 2,949,709 shares of the business services provider’s stock valued at $400,275,000 after acquiring an additional 384,518 shares in the last quarter. Abrams Bison Investments LLC increased its position in TD SYNNEX by 19.4% during the 1st quarter. Abrams Bison Investments LLC now owns 2,683,000 shares of the business services provider’s stock valued at $278,925,000 after purchasing an additional 435,000 shares during the period. LSV Asset Management raised its holdings in TD SYNNEX by 10.3% in the 1st quarter. LSV Asset Management now owns 1,891,769 shares of the business services provider’s stock worth $196,668,000 after purchasing an additional 175,922 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of TD SYNNEX in the 1st quarter worth about $121,259,000. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SNX shares. Zacks Research upgraded shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. JPMorgan Chase & Co. upped their target price on TD SYNNEX from $143.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, July 17th. Wall Street Zen cut TD SYNNEX from a “buy” rating to a “hold” rating in a research note on Monday, November 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TD SYNNEX in a research note on Wednesday, October 8th. Finally, Bank of America increased their price objective on TD SYNNEX from $170.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, TD SYNNEX has a consensus rating of “Moderate Buy” and an average price target of $169.55.

Insider Transactions at TD SYNNEX

In other news, Director Richard T. Hume sold 5,000 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $153.81, for a total transaction of $769,050.00. Following the transaction, the director directly owned 57,515 shares of the company’s stock, valued at $8,846,382.15. This represents a 8.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Marshall Witt sold 861 shares of TD SYNNEX stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $149.84, for a total value 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 15,444 shares of company stock valued at $2,386,174. Insiders own 1.00% of the company’s stock.

TD SYNNEX Stock Up 0.8%

NYSE:SNX opened at $151.22 on Monday. 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 has a market cap of $12.32 billion, a P/E ratio of 16.40, a P/E/G ratio of 1.19 and a beta of 1.41. TD SYNNEX Corporation has a fifty-two week low of $92.23 and a fifty-two week high of $167.76. The firm has a 50-day simple moving average of $154.16 and a two-hundred day simple moving average of $140.53.

TD SYNNEX (NYSE:SNX) last issued its earnings results on Thursday, September 25th. The business services provider reported $2.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.05 by ($0.31). The firm had revenue of $15.65 billion during the quarter, compared to the consensus estimate of $15.11 billion. TD SYNNEX had a return on equity of 12.13% and a net margin of 1.27%.The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.86 EPS. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. Analysts predict that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 17th were issued a $0.44 dividend. The ex-dividend date of this dividend was Friday, October 17th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.2%. TD SYNNEX’s dividend payout ratio (DPR) is presently 19.09%.

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.