Louisiana State Employees Retirement System Takes $3.66 Million Position in TD SYNNEX Corporation $SNX

Louisiana State Employees Retirement System purchased a new position in shares of TD SYNNEX Corporation (NYSE:SNX) during the first quarter, Holdings Channel reports. The institutional investor purchased 21,700 shares of the business services provider’s stock, valued at approximately $3,661,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SNX. Concentric Capital Strategies LP acquired a new position in shares of TD SYNNEX during the third quarter worth $18,036,000. Fieldview Capital Management LLC purchased a new position in TD SYNNEX during the 3rd quarter worth $1,318,000. Citigroup Inc. increased its position in TD SYNNEX by 12.0% during the 3rd quarter. Citigroup Inc. now owns 83,103 shares of the business services provider’s stock valued at $13,608,000 after buying an additional 8,914 shares in the last quarter. Intech Investment Management LLC increased its position in TD SYNNEX by 38.4% during the 4th quarter. Intech Investment Management LLC now owns 21,578 shares of the business services provider’s stock valued at $3,242,000 after buying an additional 5,982 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in TD SYNNEX in the fourth quarter valued at about $1,507,000. 84.00% of the stock is currently owned by institutional investors.

TD SYNNEX Price Performance

Shares of NYSE:SNX opened at $266.17 on Friday. TD SYNNEX Corporation has a twelve month low of $133.71 and a twelve month high of $296.47. The company’s 50 day moving average is $249.78 and its 200 day moving average is $192.17. The company has a current ratio of 1.20, a quick ratio of 0.71 and a debt-to-equity ratio of 0.40. The company has a market cap of $21.40 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 1.10 and a beta of 1.43.

TD SYNNEX (NYSE:SNX) last announced its quarterly earnings data on Thursday, June 25th. The business services provider reported $4.85 EPS for the quarter, beating the consensus estimate of $4.14 by $0.71. The business had revenue of $19.57 billion during the quarter, compared to analysts’ expectations of $16.80 billion. TD SYNNEX had a net margin of 1.63% and a return on equity of 15.37%. The business’s quarterly revenue was up 31.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.99 EPS. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. On average, sell-side analysts forecast that TD SYNNEX Corporation will post 16.57 EPS for the current year.

TD SYNNEX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be given a dividend of $0.48 per share. The ex-dividend date is Friday, July 17th. This represents a $1.92 dividend on an annualized basis and a yield of 0.7%. TD SYNNEX’s payout ratio is currently 15.96%.

Insider Buying and Selling at TD SYNNEX

In other TD SYNNEX news, Director Richard T. Hume sold 5,000 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $280.38, for a total transaction of $1,401,900.00. Following the sale, the director directly owned 23,537 shares of the company’s stock, valued at approximately $6,599,304.06. This trade represents a 17.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Miriam Anne Murphy sold 3,025 shares of TD SYNNEX stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $200.14, for a total value of $605,423.50. Following the transaction, the insider owned 10,820 shares of the company’s stock, valued at $2,165,514.80. The trade was a 21.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 21,250 shares of company stock valued at $4,935,282. 0.70% of the stock is owned by insiders.

Trending Headlines about TD SYNNEX

Here are the key news stories impacting TD SYNNEX this week:

• Positive Sentiment: TD SYNNEX reported record fiscal Q2 results, with revenue of $19.58 billion and non-GAAP EPS of $4.85, both well above expectations. Revenue rose 31% year over year, showing broad-based demand strength. TD SYNNEX Reports Record Fiscal 2026 Second Quarter Results
• Positive Sentiment: Management issued upbeat Q3 guidance, with EPS outlook of $4.25 to $4.75 and revenue guidance above analyst estimates, signaling continued momentum after the strong quarter. TD SYNNEX stock report
• Positive Sentiment: Analysts responded favorably after the earnings release, including Barrington Research raising its price target to $325 from $202 and reiterating an outperform rating, which can support investor sentiment. Analysts Boost Forecasts on TD Synnex After Upbeat Q2 Results
• Positive Sentiment: Commentary around Hyve Solutions highlighted strong AI infrastructure demand, record billings, and continued growth in both Hyve and distribution, suggesting the business mix is improving. TD Synnex: Hyve And Distribution Are Both Pulling The Story Forward
• Neutral Sentiment: The company also declared a quarterly dividend of $0.48 per share, which is supportive for income investors but not likely the main driver of the stock today.
• Negative Sentiment: After a sharp year-to-date rally, some investors appear concerned that the stock’s valuation has run ahead of fundamentals, making the shares vulnerable to profit-taking despite the strong operating results. TD Synnex: Still A Buy, Though The Easy Money Has Been Made

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. The Goldman Sachs Group set a $330.00 price target on TD SYNNEX in a research note on Friday. Royal Bank Of Canada set a $340.00 price objective on shares of TD SYNNEX in a research report on Friday. Barclays lifted their target price on shares of TD SYNNEX from $166.00 to $237.00 and gave the stock an “equal weight” rating in a research note on Friday, May 29th. UBS Group upped their price target on shares of TD SYNNEX from $310.00 to $352.00 and gave the company a “buy” rating in a research note on Friday. Finally, Barrington Research raised their price target on shares of TD SYNNEX from $202.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $277.10.

About TD SYNNEX

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.