5,980 Shares in TD SYNNEX Corporation $SNX Bought by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC bought a new stake in TD SYNNEX Corporation (NYSE:SNX) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,980 shares of the business services provider’s stock, valued at approximately $1,009,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. State Street Corp lifted its holdings in TD SYNNEX by 0.4% during the 3rd quarter. State Street Corp now owns 2,372,733 shares of the business services provider’s stock worth $388,535,000 after buying an additional 9,024 shares during the last quarter. Ninety One UK Ltd raised its position in shares of TD SYNNEX by 13.1% during the 4th quarter. Ninety One UK Ltd now owns 2,229,091 shares of the business services provider’s stock worth $334,876,000 after acquiring an additional 258,630 shares in the last quarter. LSV Asset Management raised its position in shares of TD SYNNEX by 16.1% during the 4th quarter. LSV Asset Management now owns 2,086,604 shares of the business services provider’s stock worth $313,471,000 after acquiring an additional 288,625 shares in the last quarter. Geode Capital Management LLC lifted its stake in TD SYNNEX by 6.9% during the fourth quarter. Geode Capital Management LLC now owns 1,532,784 shares of the business services provider’s stock worth $230,315,000 after purchasing an additional 99,090 shares during the last quarter. Finally, Metropolis Capital Ltd lifted its stake in TD SYNNEX by 9.5% during the first quarter. Metropolis Capital Ltd now owns 1,281,307 shares of the business services provider’s stock worth $216,169,000 after purchasing an additional 111,222 shares during the last quarter. 84.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at TD SYNNEX

In other TD SYNNEX news, CFO David Gregory Jordan sold 3,225 shares of the company’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $189.46, for a total transaction of $611,008.50. Following the completion of the transaction, the chief financial officer owned 14,035 shares in the company, valued at approximately $2,659,071.10. This represents a 18.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Miriam Anne Murphy sold 3,025 shares of the firm’s stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $200.14, for a total transaction of $605,423.50. Following the completion of the sale, the insider owned 10,820 shares of the company’s stock, valued at $2,165,514.80. This trade represents a 21.85% decrease in their position. The disclosure for this sale is available in the SEC filing. In 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 company insiders.

Analyst Ratings Changes

SNX has been the topic of several recent analyst reports. Barrington Research increased their price target on shares of TD SYNNEX from $202.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, June 26th. Zacks Research downgraded shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. The Goldman Sachs Group set a $330.00 target price on shares of TD SYNNEX in a research report on Friday. JPMorgan Chase & Co. upgraded shares of TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 price target on the stock in a research note on Wednesday, May 27th. Finally, Morgan Stanley boosted their price target on shares of TD SYNNEX from $341.00 to $374.00 and gave the company an “overweight” rating in a research report on Friday. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $290.11.

TD SYNNEX Stock Performance

NYSE SNX opened at $267.69 on Wednesday. The company has a quick ratio of 0.64, a current ratio of 1.20 and a debt-to-equity ratio of 0.40. TD SYNNEX Corporation has a 52-week low of $134.31 and a 52-week high of $296.47. The business’s 50-day moving average price is $252.06 and its 200 day moving average price is $194.03. The firm has a market cap of $21.52 billion, a P/E ratio of 19.16, a P/E/G ratio of 0.95 and a beta of 1.43.

TD SYNNEX (NYSE:SNX) last posted 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. TD SYNNEX had a return on equity of 15.37% and a net margin of 1.63%.The firm had revenue of $19.57 billion during the quarter, compared to the consensus estimate of $16.80 billion. During the same period in the prior year, the business earned $2.99 EPS. The firm’s revenue was up 31.0% compared to the same quarter last year. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. On average, equities research analysts expect that TD SYNNEX Corporation will post 16.57 earnings per share for the current year.

TD SYNNEX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, July 17th. TD SYNNEX’s dividend payout ratio (DPR) is 13.74%.

TD SYNNEX 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.