TD SYNNEX Corporation $SNX Shares Acquired by Metropolis Capital Ltd

Metropolis Capital Ltd increased its stake in TD SYNNEX Corporation (NYSE:SNX) by 9.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,281,307 shares of the business services provider’s stock after acquiring an additional 111,222 shares during the quarter. TD SYNNEX makes up about 7.3% of Metropolis Capital Ltd’s portfolio, making the stock its 9th biggest holding. Metropolis Capital Ltd’s holdings in TD SYNNEX were worth $216,169,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of TD SYNNEX by 9.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,820 shares of the business services provider’s stock worth $1,749,000 after purchasing an additional 1,460 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in TD SYNNEX by 5.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 179,210 shares of the business services provider’s stock worth $18,631,000 after buying an additional 9,815 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of TD SYNNEX by 6.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 204,172 shares of the business services provider’s stock valued at $21,226,000 after acquiring an additional 12,615 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of TD SYNNEX during the second quarter valued at approximately $818,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of TD SYNNEX by 17.4% in the second quarter. EverSource Wealth Advisors LLC now owns 852 shares of the business services provider’s stock valued at $116,000 after acquiring an additional 126 shares in the last quarter. 84.00% of the stock is currently owned by institutional investors and hedge funds.

TD SYNNEX Stock Performance

NYSE SNX opened at $266.17 on Friday. The stock has a market cap of $21.40 billion, a PE ratio of 19.05, a P/E/G ratio of 1.10 and a beta of 1.43. The company has a current ratio of 1.20, a quick ratio of 0.71 and a debt-to-equity ratio of 0.40. TD SYNNEX Corporation has a twelve month low of $133.71 and a twelve month high of $296.47. The stock has a fifty day simple moving average of $249.78 and a 200-day simple moving average of $192.17.

TD SYNNEX (NYSE:SNX) last posted its earnings results on Thursday, June 25th. The business services provider reported $4.85 EPS for the quarter, beating 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 for the quarter was up 31.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.99 earnings per share. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Equities analysts anticipate that TD SYNNEX Corporation will post 16.57 earnings per share for the current year.

TD SYNNEX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be given a $0.48 dividend. The ex-dividend date of this dividend 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 presently 15.96%.

Analysts Set New Price Targets

SNX has been the topic of a number of research analyst reports. Morgan Stanley lifted their price target on TD SYNNEX from $341.00 to $374.00 and gave the stock an “overweight” rating in a research note on Friday. Weiss Ratings lowered shares of TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, June 17th. UBS Group increased their target price on shares of TD SYNNEX from $310.00 to $352.00 and gave the company a “buy” rating 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 report on Wednesday, May 27th. Finally, Royal Bank Of Canada set a $340.00 price objective on shares of TD SYNNEX in a research note on Friday. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $277.10.

Key Stories Impacting 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

Insider Transactions at TD SYNNEX

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

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.