Curbstone Financial Management Corp Invests $400,000 in TD SYNNEX Corporation $SNX

Curbstone Financial Management Corp acquired a new stake in TD SYNNEX Corporation (NYSE:SNX) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 2,950 shares of the business services provider’s stock, valued at approximately $400,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Foster & Motley Inc. raised its position in shares of TD SYNNEX by 10.0% during the second quarter. Foster & Motley Inc. now owns 38,032 shares of the business services provider’s stock worth $5,161,000 after purchasing an additional 3,459 shares during the period. Arista Wealth Management LLC bought a new stake in TD SYNNEX during the 2nd quarter worth approximately $446,000. Private Trust Co. NA raised its holdings in TD SYNNEX by 4,077.8% during the 2nd quarter. Private Trust Co. NA now owns 752 shares of the business services provider’s stock worth $102,000 after buying an additional 734 shares during the period. Applied Finance Capital Management LLC bought a new position in TD SYNNEX in the second quarter valued at approximately $278,000. Finally, Nordea Investment Management AB lifted its stake in TD SYNNEX by 3.2% in the second quarter. Nordea Investment Management AB now owns 928,628 shares of the business services provider’s stock valued at $125,095,000 after buying an additional 28,701 shares in the last quarter. 84.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Marshall Witt sold 861 shares of the company’s stock in a transaction dated Wednesday, September 17th. The shares were 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 approximately $7,458,585.68. This represents a 1.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard T. Hume sold 5,000 shares of TD SYNNEX stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $155.90, for a total value of $779,500.00. Following the transaction, the director owned 62,515 shares of the company’s stock, valued at $9,746,088.50. The trade was a 7.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,930 shares of company stock valued at $1,209,663 over the last quarter. 1.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SNX shares. Weiss Ratings restated a “buy (b-)” rating on shares of TD SYNNEX in a report on Wednesday, October 8th. Wall Street Zen downgraded TD SYNNEX from a “buy” rating to a “hold” rating in a research note on Saturday. JPMorgan Chase & Co. boosted their price target on TD SYNNEX from $143.00 to $160.00 and gave the company a “neutral” rating in a report on Thursday, July 17th. Zacks Research upgraded TD SYNNEX from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Finally, Barrington Research boosted their target price on TD SYNNEX from $156.00 to $182.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. One investment 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $169.55.

TD SYNNEX Stock Performance

SNX opened at $153.17 on Friday. The business’s 50-day simple moving average is $152.54 and its 200 day simple moving average is $134.69. TD SYNNEX Corporation has a 52-week low of $92.23 and a 52-week high of $167.76. 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 capitalization of $12.47 billion, a PE ratio of 16.61, a PEG ratio of 1.19 and a beta of 1.43.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings results on Thursday, September 25th. The business services provider reported $2.74 earnings per share for the quarter, missing the consensus estimate of $3.05 by ($0.31). The company had revenue of $15.65 billion for the quarter, compared to analyst estimates of $15.11 billion. TD SYNNEX had a return on equity of 12.13% and a net margin of 1.27%.The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the firm earned $2.86 EPS. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. As a group, sell-side 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 disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, October 17th. TD SYNNEX’s dividend payout ratio (DPR) is 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.