Nordea Investment Management AB Has $125.10 Million Stock Position in TD SYNNEX Corporation $SNX

Nordea Investment Management AB lifted its stake in TD SYNNEX Corporation (NYSE:SNX) by 3.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 928,628 shares of the business services provider’s stock after purchasing an additional 28,701 shares during the quarter. Nordea Investment Management AB’s holdings in TD SYNNEX were worth $125,095,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Voya Investment Management LLC boosted its position in shares of TD SYNNEX by 27.4% in the 1st quarter. Voya Investment Management LLC now owns 33,490 shares of the business services provider’s stock valued at $3,482,000 after purchasing an additional 7,212 shares during the period. CX Institutional boosted its position in shares of TD SYNNEX by 28.9% in the 2nd quarter. CX Institutional now owns 15,434 shares of the business services provider’s stock valued at $2,094,000 after purchasing an additional 3,457 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of TD SYNNEX by 36.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 75,778 shares of the business services provider’s stock valued at $7,878,000 after purchasing an additional 20,280 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of TD SYNNEX by 3.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,252 shares of the business services provider’s stock valued at $754,000 after purchasing an additional 244 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its position in TD SYNNEX by 11.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,361 shares of the business services provider’s stock worth $765,000 after acquiring an additional 785 shares during the period. Institutional investors and hedge funds own 84.00% of the company’s stock.

Insider Buying and Selling

In related news, insider Alim Dhanji sold 1,257 shares of the business’s stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $142.41, for a total value of $179,009.37. Following the completion of the sale, the insider directly owned 10,984 shares in the company, valued at approximately $1,564,231.44. The trade was a 10.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Marshall Witt sold 861 shares of the business’s stock in a transaction that occurred on 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 approximately $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. Insiders sold a total of 7,930 shares of company stock valued at $1,209,663 over the last 90 days. 1.00% of the stock is currently owned by insiders.

TD SYNNEX Stock Down 1.2%

Shares of TD SYNNEX stock opened at $153.17 on Friday. The firm has a market cap of $12.47 billion, a price-to-earnings ratio of 16.61, a P/E/G ratio of 1.20 and a beta of 1.43. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.20 and a quick ratio of 0.71. TD SYNNEX Corporation has a 52-week low of $92.23 and a 52-week high of $167.76. The stock has a 50-day simple moving average of $152.54 and a 200-day simple moving average of $134.50.

TD SYNNEX (NYSE:SNX) last announced its quarterly 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 for 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%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.86 earnings per share. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. On average, equities research analysts expect that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, October 17th. TD SYNNEX’s payout ratio is currently 19.09%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. UBS Group raised their price objective on TD SYNNEX from $154.00 to $187.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Loop Capital raised their price objective on TD SYNNEX from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, June 30th. Zacks Research upgraded TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Wall Street Zen lowered TD SYNNEX from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Barrington Research raised their price objective on TD SYNNEX from $156.00 to $182.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $169.55.

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.