South Dakota Investment Council Sells 500 Shares of TD SYNNEX Corporation $SNX

South Dakota Investment Council reduced its position in TD SYNNEX Corporation (NYSE:SNX) by 0.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 70,554 shares of the business services provider’s stock after selling 500 shares during the quarter. South Dakota Investment Council owned approximately 0.09% of TD SYNNEX worth $9,574,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SNX. JPMorgan Chase & Co. lifted its holdings in shares of TD SYNNEX by 16.9% during the 1st quarter. JPMorgan Chase & Co. now owns 3,899,974 shares of the business services provider’s stock worth $405,441,000 after acquiring an additional 564,473 shares during the period. Ninety One UK Ltd raised its position in TD SYNNEX by 15.0% in the second quarter. Ninety One UK Ltd now owns 2,949,709 shares of the business services provider’s stock worth $400,275,000 after purchasing an additional 384,518 shares in the last quarter. Abrams Bison Investments LLC raised its position in TD SYNNEX by 19.4% in the first quarter. Abrams Bison Investments LLC now owns 2,683,000 shares of the business services provider’s stock worth $278,925,000 after purchasing an additional 435,000 shares in the last quarter. LSV Asset Management lifted its stake in TD SYNNEX by 10.3% during the first quarter. LSV Asset Management now owns 1,891,769 shares of the business services provider’s stock worth $196,668,000 after purchasing an additional 175,922 shares during the period. Finally, Nuveen LLC acquired a new stake in TD SYNNEX during the first quarter valued at approximately $121,259,000. Institutional investors and hedge funds own 84.00% of the company’s stock.

Insiders Place Their Bets

In related news, insider Alim Dhanji sold 1,762 shares of the business’s stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $154.55, for a total value of $272,317.10. Following the completion of the transaction, the insider owned 13,426 shares in the company, valued at $2,074,988.30. The trade was a 11.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ann F. Vezina sold 812 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $150.42, for a total value of $122,141.04. Following the completion of the transaction, the director owned 6,079 shares in the company, valued at $914,403.18. The trade was a 11.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 10,108 shares of company stock valued at $1,564,778 over the last quarter. Company insiders own 1.00% of the company’s stock.

TD SYNNEX Price Performance

Shares of SNX stock opened at $156.47 on Monday. The stock’s fifty day moving average is $153.86 and its 200-day moving average is $138.91. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.71 and a current ratio of 1.20. TD SYNNEX Corporation has a 52 week low of $92.23 and a 52 week high of $167.76. The stock has a market capitalization of $12.74 billion, a PE ratio of 16.97, a PEG ratio of 1.19 and a beta of 1.43.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings results on Thursday, September 25th. The business services provider reported $2.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.05 by ($0.31). TD SYNNEX had a return on equity of 12.13% and a net margin of 1.27%.The company had revenue of $15.65 billion for the quarter, compared to analyst estimates of $15.11 billion. During the same quarter last year, the company earned $2.86 EPS. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. Equities research analysts expect that TD SYNNEX Corporation will post 11.88 EPS for the current fiscal year.

TD SYNNEX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 17th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, October 17th. TD SYNNEX’s dividend payout ratio is 19.09%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on SNX shares. Wall Street Zen cut TD SYNNEX from a “buy” rating to a “hold” rating in a report on Monday. Royal Bank Of Canada upped their price target on TD SYNNEX from $165.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, September 26th. Morgan Stanley lifted their price objective on TD SYNNEX from $173.00 to $181.00 and gave the company an “overweight” rating in a report on Friday, September 26th. UBS Group boosted their target price on shares of TD SYNNEX from $154.00 to $187.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Finally, Raymond James Financial set a $175.00 target price on shares of TD SYNNEX in a research report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $169.55.

TD SYNNEX Profile

TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem. The company offers personal computing devices and peripherals, mobile phones and accessories, printers, supplies, and endpoint technology software; and data center technologies, such as hybrid cloud, security, storage, networking, servers, technology software, and converged and hyper-converged infrastructure, as well as computing components.