12,637 Shares in TD SYNNEX Corporation $SNX Bought by State of Wyoming

State of Wyoming acquired a new position in shares of TD SYNNEX Corporation (NYSE:SNX) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,637 shares of the business services provider’s stock, valued at approximately $3,378,000. TD SYNNEX accounts for 0.3% of State of Wyoming’s portfolio, making the stock its 20th largest position.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of TD SYNNEX by 9.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,820 shares of the business services provider’s stock valued at $1,749,000 after purchasing an additional 1,460 shares during the period. Goldman Sachs Group Inc. raised its position in shares of 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 purchasing an additional 9,815 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of TD SYNNEX by 6.6% during the 1st 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 worth $21,226,000 after purchasing an additional 12,615 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in TD SYNNEX in the 2nd quarter valued at about $818,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in TD SYNNEX by 17.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 852 shares of the business services provider’s stock worth $116,000 after buying an additional 126 shares during the last quarter. 84.00% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Ann F. Vezina sold 1,273 shares of the firm’s 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 of the company’s stock, valued at approximately $1,492,259.40. This trade represents a 17.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard T. Hume sold 5,000 shares of the firm’s 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 sale, the director directly owned 13,537 shares of the company’s stock, valued at $3,549,536.77. The trade was a 26.97% 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 21,273 shares of company stock worth $5,401,452 in the last 90 days. Company insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SNX shares. Zacks Research upgraded TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Barclays raised their target price on TD SYNNEX from $237.00 to $278.00 and gave the company an “equal weight” rating in a research report on Thursday, July 2nd. The Goldman Sachs Group set a $330.00 price target on TD SYNNEX in a research note on Friday, June 26th. 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. Finally, Weiss Ratings downgraded TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, June 17th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $294.67.

TD SYNNEX Stock Performance

TD SYNNEX stock opened at $258.79 on Friday. The firm has a 50 day simple moving average of $259.82 and a 200-day simple moving average of $216.49. TD SYNNEX Corporation has a 1-year low of $142.22 and a 1-year high of $296.47. 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 stock has a market cap of $20.69 billion, a price-to-earnings ratio of 18.52, a price-to-earnings-growth ratio of 0.73 and a beta of 1.44.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings results on Thursday, June 25th. The business services provider reported $4.85 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $16.80 billion. During the same quarter in the previous year, the company earned $2.99 EPS. The business’s revenue for the quarter 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. On average, analysts expect that TD SYNNEX Corporation will post 18.01 EPS for the current year.

TD SYNNEX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 17th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Friday, July 17th. This represents a $1.92 annualized dividend and a yield of 0.7%. TD SYNNEX’s dividend payout ratio (DPR) is 13.74%.

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.