Livforsakringsbolaget Skandia Omsesidigt Makes New $10.91 Million Investment in TD SYNNEX Corporation $SNX

Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of TD SYNNEX Corporation (NYSE:SNX) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 40,800 shares of the business services provider’s stock, valued at approximately $10,907,000. Livforsakringsbolaget Skandia Omsesidigt owned approximately 0.05% of TD SYNNEX as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Bell Investment Advisors Inc purchased a new position in shares of TD SYNNEX in the 2nd quarter valued at approximately $27,000. Fiduciary Financial Advisors purchased a new stake in TD SYNNEX in the second quarter worth $28,000. Compass Financial Management LLC bought a new position in TD SYNNEX in the second quarter worth $38,000. Ossiam lifted its position in TD SYNNEX by 84.3% during the third quarter. Ossiam now owns 164 shares of the business services provider’s stock valued at $27,000 after buying an additional 75 shares during the period. Finally, Measured Wealth Private Client Group LLC purchased a new position in TD SYNNEX during the third quarter valued at $30,000. Institutional investors own 84.00% of the company’s stock.

TD SYNNEX Price Performance

SNX opened at $253.62 on Friday. The stock has a 50-day moving average price of $254.85 and a 200-day moving average price of $222.97. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.20 and a quick ratio of 0.64. The firm has a market cap of $20.28 billion, a PE ratio of 18.15, a P/E/G ratio of 0.73 and a beta of 1.44. TD SYNNEX Corporation has a 1 year low of $142.22 and a 1 year high of $296.47.

TD SYNNEX (NYSE:SNX) last announced its quarterly earnings results on Thursday, June 25th. The business services provider reported $4.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.14 by $0.71. The company had revenue of $19.57 billion for 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%. TD SYNNEX’s revenue was up 31.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.99 EPS. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Sell-side analysts predict that TD SYNNEX Corporation will post 18.01 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

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

Insider Buying and Selling

In related news, Director Richard T. Hume sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $262.21, for a total transaction of $1,311,050.00. Following the completion of the sale, the director owned 13,537 shares of the company’s stock, valued at $3,549,536.77. This trade represents a 26.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ann F. Vezina sold 1,273 shares of the business’s stock in a transaction that occurred on 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 transaction, the director owned 5,828 shares of the company’s stock, valued at approximately $1,492,259.40. The trade was a 17.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 16,273 shares of company stock worth $4,253,752. Corporate insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Morgan Stanley upped their target price on shares of TD SYNNEX from $341.00 to $374.00 and gave the stock an “overweight” rating in a research report on Friday, June 26th. UBS Group boosted their price objective on shares of TD SYNNEX from $310.00 to $352.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Barclays upped their price objective on shares of TD SYNNEX from $237.00 to $278.00 and gave the stock an “equal weight” rating in a report on Thursday, July 2nd. JPMorgan Chase & Co. upgraded shares of TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 target price for the company in a report on Wednesday, May 27th. Finally, Barrington Research boosted their price target on TD SYNNEX from $202.00 to $325.00 and gave the stock an “outperform” rating in a research report on Friday, June 26th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.