1,775 Shares in TD SYNNEX Corporation $SNX Purchased by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC bought a new position in shares of TD SYNNEX Corporation (NYSE:SNX) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 1,775 shares of the business services provider’s stock, valued at approximately $241,000.

Other hedge funds also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in TD SYNNEX by 329.8% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 245 shares of the business services provider’s stock worth $25,000 after purchasing an additional 188 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in TD SYNNEX during the first quarter worth approximately $44,000. Quarry LP purchased a new position in TD SYNNEX during the first quarter worth approximately $51,000. Blue Trust Inc. boosted its position in TD SYNNEX by 23.7% during the second quarter. Blue Trust Inc. now owns 543 shares of the business services provider’s stock worth $74,000 after purchasing an additional 104 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in TD SYNNEX during the second quarter worth approximately $92,000. Hedge funds and other institutional investors own 84.00% of the company’s stock.

TD SYNNEX Price Performance

SNX stock opened at $153.17 on Friday. The business has a fifty day moving average of $152.54 and a two-hundred day moving average of $134.50. The company has a quick ratio of 0.71, a current ratio of 1.20 and a debt-to-equity ratio of 0.36. The stock has a market cap of $12.47 billion, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 1.20 and a beta of 1.43. TD SYNNEX Corporation has a 52-week low of $92.23 and a 52-week high of $167.76.

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

TD SYNNEX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be issued a $0.44 dividend. The ex-dividend date is Friday, October 17th. This represents a $1.76 dividend on an annualized basis and a yield of 1.1%. TD SYNNEX’s dividend payout ratio (DPR) is 19.09%.

Analyst Ratings Changes

A number of equities analysts have issued reports on SNX shares. Zacks Research upgraded TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Barrington Research raised their target price on TD SYNNEX from $156.00 to $182.00 and gave the company an “outperform” rating in a research report on Monday, September 29th. Raymond James Financial set a $175.00 target price on TD SYNNEX in a research report on Thursday, September 25th. Royal Bank Of Canada raised their target price on TD SYNNEX from $165.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, September 26th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of TD SYNNEX in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, TD SYNNEX has a consensus rating of “Moderate Buy” and an average price target of $169.55.

Insider Buying and Selling

In related news, Director Ann F. Vezina sold 812 shares of TD SYNNEX stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $150.42, for a total value of $122,141.04. Following the completion of the transaction, the director directly owned 6,079 shares in the company, valued at approximately $914,403.18. This trade represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 sale, the chief financial officer directly owned 49,777 shares of the company’s stock, valued at $7,458,585.68. This trade represents a 1.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,930 shares of company stock valued at $1,209,663. 1.00% of the stock is currently owned by company insiders.

About TD SYNNEX

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.