Mitsubishi UFJ Trust & Banking Corp Has $8.75 Million Stock Position in TD SYNNEX Corporation $SNX

Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of TD SYNNEX Corporation (NYSE:SNX) by 64.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 53,426 shares of the business services provider’s stock after buying an additional 20,990 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in TD SYNNEX were worth $8,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Parcion Private Wealth LLC increased its holdings in shares of TD SYNNEX by 0.4% during the 3rd quarter. Parcion Private Wealth LLC now owns 15,189 shares of the business services provider’s stock worth $2,487,000 after purchasing an additional 68 shares during the period. Oregon Public Employees Retirement Fund increased its stake in TD SYNNEX by 0.7% during the third quarter. Oregon Public Employees Retirement Fund now owns 15,437 shares of the business services provider’s stock valued at $2,528,000 after acquiring an additional 100 shares during the period. ProShare Advisors LLC increased its stake in TD SYNNEX by 3.1% during the second quarter. ProShare Advisors LLC now owns 3,311 shares of the business services provider’s stock valued at $449,000 after acquiring an additional 101 shares during the period. HB Wealth Management LLC lifted its position in shares of TD SYNNEX by 4.5% in the 3rd quarter. HB Wealth Management LLC now owns 2,402 shares of the business services provider’s stock worth $393,000 after acquiring an additional 103 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of TD SYNNEX by 23.7% in the 2nd quarter. Blue Trust Inc. now owns 543 shares of the business services provider’s stock worth $74,000 after acquiring an additional 104 shares during the period. 84.00% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other TD SYNNEX news, insider Miriam Anne Murphy sold 1,673 shares of the business’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $156.49, for a total value of $261,807.77. Following the transaction, the insider owned 16,529 shares of the company’s stock, valued at approximately $2,586,623.21. The trade was a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Merline Saintil sold 336 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $155.79, for a total value of $52,345.44. Following the completion of the sale, the director owned 7,330 shares of the company’s stock, valued at approximately $1,141,940.70. This trade represents a 4.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 17,177 shares of company stock valued at $2,638,371. 1.00% of the stock is currently owned by corporate insiders.

TD SYNNEX Trading Up 0.4%

Shares of TD SYNNEX stock opened at $159.13 on Thursday. TD SYNNEX Corporation has a 12-month low of $92.23 and a 12-month high of $167.76. The stock has a market capitalization of $12.96 billion, a P/E ratio of 15.96, a price-to-earnings-growth ratio of 1.13 and a beta of 1.37. The company has a 50-day simple moving average of $152.23 and a 200 day simple moving average of $151.19. The company has a quick ratio of 0.75, a current ratio of 1.21 and a debt-to-equity ratio of 0.43.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings data on Thursday, January 8th. The business services provider reported $3.83 earnings per share for the quarter, topping the consensus estimate of $3.68 by $0.15. TD SYNNEX had a net margin of 1.32% and a return on equity of 12.60%. The firm had revenue of $17.38 billion for the quarter, compared to analysts’ expectations of $15.46 billion. During the same period in the prior year, the firm earned $3.09 earnings per share. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. Research analysts expect that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Friday, January 16th. This represents a $1.92 dividend on an annualized basis and a yield of 1.2%. This is a positive change from TD SYNNEX’s previous quarterly dividend of $0.44. TD SYNNEX’s payout ratio is 19.26%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SNX. Royal Bank Of Canada restated an “outperform” rating on shares of TD SYNNEX in a research report on Monday, December 22nd. Morgan Stanley dropped their price objective on shares of TD SYNNEX from $177.00 to $172.00 and set an “overweight” rating for the company in a research note on Friday, January 9th. Barclays reduced their price objective on shares of TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating for the company in a report on Friday, January 9th. UBS Group upped their target price on shares of TD SYNNEX from $187.00 to $193.00 and gave the company a “buy” rating in a research note on Friday, January 9th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of TD SYNNEX in a research note on Wednesday, January 21st. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, TD SYNNEX currently has a consensus rating of “Moderate Buy” and a consensus target price of $170.64.

TD SYNNEX Company Profile

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the information technology industry. Formed in September 2021 through the merger of Tech Data and SYNNEX Corporation, the company provides a comprehensive range of products, services and solutions that span hardware, software, cloud, mobility, security and data center technologies. TD SYNNEX partners with vendors, resellers and system integrators to design, deploy and support IT infrastructures across diverse market segments, including commercial enterprises, public sector organizations and retail operations.

The company’s core business activities include the distribution of technology products from manufacturers such as servers, storage, networking equipment and peripherals, as well as the resale and provisioning of software licenses and cloud-based solutions.