Edgestream Partners L.P. Sells 41,380 Shares of TD SYNNEX Corporation $SNX

Edgestream Partners L.P. reduced its stake in shares of TD SYNNEX Corporation (NYSE:SNX) by 48.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 44,379 shares of the business services provider’s stock after selling 41,380 shares during the period. Edgestream Partners L.P.’s holdings in TD SYNNEX were worth $7,487,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dorato Capital Management bought a new position in shares of TD SYNNEX during the fourth quarter worth $27,000. Ossiam increased its holdings in TD SYNNEX by 84.3% in the 3rd quarter. Ossiam now owns 164 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 75 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in TD SYNNEX in the 4th quarter valued at $28,000. Measured Wealth Private Client Group LLC purchased a new stake in TD SYNNEX in the 3rd quarter worth $30,000. Finally, Lloyd Advisory Services LLC. bought a new position in shares of TD SYNNEX during the 4th quarter valued at about $32,000. Institutional investors own 84.00% of the company’s stock.

Insider Transactions at TD SYNNEX

In other TD SYNNEX news, Director Richard T. Hume sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $242.97, for a total transaction of $1,214,850.00. Following the completion of the transaction, the director owned 18,537 shares in the company, valued at $4,503,934.89. The trade was a 21.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 20,000 shares of company stock valued at $4,933,700 over the last ninety days. 0.70% of the stock is owned by company insiders.

TD SYNNEX Trading Up 0.7%

SNX stock opened at $248.89 on Thursday. 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 twelve month low of $139.23 and a twelve month high of $296.47. The stock has a market capitalization of $19.90 billion, a price-to-earnings ratio of 17.82, a price-to-earnings-growth ratio of 0.70 and a beta of 1.43. The firm’s fifty day simple moving average is $259.79 and its two-hundred day simple moving average is $208.03.

TD SYNNEX (NYSE:SNX) last released its 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 business’s revenue was up 31.0% on a year-over-year basis. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. As a group, analysts anticipate that TD SYNNEX Corporation will post 18.01 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. Shareholders of record on Friday, July 17th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a $1.92 annualized dividend and a yield of 0.8%. TD SYNNEX’s dividend payout ratio (DPR) is presently 13.74%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on SNX shares. Zacks Research upgraded TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. UBS Group boosted their target price on TD SYNNEX from $310.00 to $352.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Morgan Stanley increased their price target on TD SYNNEX from $341.00 to $374.00 and gave the company an “overweight” rating in a research note on Friday, June 26th. Barrington Research raised their price target on TD SYNNEX from $202.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, June 26th. Finally, Royal Bank Of Canada set a $340.00 price objective on TD SYNNEX in a research note on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $294.67.

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.