Ceredex Value Advisors LLC Makes New $38.61 Million Investment in TD SYNNEX Corporation $SNX

Ceredex Value Advisors LLC purchased a new stake in TD SYNNEX Corporation (NYSE:SNX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 144,431 shares of the business services provider’s stock, valued at approximately $38,612,000. TD SYNNEX makes up approximately 1.1% of Ceredex Value Advisors LLC’s investment portfolio, making the stock its 21st largest holding. Ceredex Value Advisors LLC owned about 0.18% of TD SYNNEX as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in SNX. Weiss Asset Management LP bought a new position in TD SYNNEX in the first quarter valued at about $4,435,000. Intech Investment Management LLC grew its holdings in shares of TD SYNNEX by 38.4% during the fourth quarter. Intech Investment Management LLC now owns 21,578 shares of the business services provider’s stock worth $3,242,000 after purchasing an additional 5,982 shares during the last quarter. CWM LLC grew its holdings in shares of TD SYNNEX by 474.0% during the fourth quarter. CWM LLC now owns 7,095 shares of the business services provider’s stock worth $1,066,000 after purchasing an additional 5,859 shares during the last quarter. R Squared Ltd acquired a new position in shares of TD SYNNEX in the fourth quarter valued at approximately $1,507,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in TD SYNNEX by 44.6% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 67,521 shares of the business services provider’s stock valued at $10,186,000 after buying an additional 20,815 shares during the last quarter. 84.00% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other TD SYNNEX news, Director Ann F. Vezina sold 1,273 shares of the stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $256.05, for a total transaction of $325,951.65. Following the completion of the sale, the director directly owned 5,828 shares in the company, valued at approximately $1,492,259.40. This trade represents a 17.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard T. Hume sold 5,000 shares of TD SYNNEX stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $262.21, for a total value of $1,311,050.00. Following the completion of the transaction, the director directly owned 13,537 shares of the company’s stock, valued at approximately $3,549,536.77. This trade represents a 26.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 16,273 shares of company stock worth $4,253,752 in the last ninety days. Insiders own 0.70% of the company’s stock.

TD SYNNEX Stock Performance

Shares of SNX stock opened at $250.67 on Friday. The stock has a market capitalization of $20.04 billion, a PE ratio of 17.94, a PEG ratio of 0.71 and a beta of 1.44. The business’s 50 day simple moving average is $258.55 and its 200 day simple moving average is $219.66. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.20 and a quick ratio of 0.64. TD SYNNEX Corporation has a one year low of $142.22 and a one year high of $296.47.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings results on Thursday, June 25th. The business services provider reported $4.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.14 by $0.71. TD SYNNEX had a net margin of 1.63% and a return on equity of 15.37%. The firm had revenue of $19.57 billion during the quarter, compared to analyst estimates of $16.80 billion. During the same quarter last year, the business earned $2.99 EPS. The company’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. As a group, research analysts forecast that TD SYNNEX Corporation will post 18.01 earnings per share for the current year.

TD SYNNEX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 17th were issued a $0.48 dividend. The ex-dividend date was Friday, July 17th. This represents a $1.92 annualized dividend and a yield of 0.8%. TD SYNNEX’s payout ratio is presently 13.74%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SNX shares. Royal Bank Of Canada set a $340.00 target price on shares of TD SYNNEX in a research report on Friday, June 26th. UBS Group raised 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, June 26th. The Goldman Sachs Group set a $330.00 price target on shares of TD SYNNEX in a report on Friday, June 26th. Barrington Research boosted their price objective on shares of TD SYNNEX from $202.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, June 26th. Finally, JPMorgan Chase & Co. upgraded TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 price objective for the company in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, TD SYNNEX presently has an average rating of “Buy” and a consensus price target of $294.67.

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.