Teachers Retirement System of The State of Kentucky Purchases 106,000 Shares of TD SYNNEX Corporation $SNX

Teachers Retirement System of The State of Kentucky increased its position in TD SYNNEX Corporation (NYSE:SNX) by 437.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 130,244 shares of the business services provider’s stock after purchasing an additional 106,000 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in TD SYNNEX were worth $21,973,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of SNX. International Assets Investment Management LLC increased its position in TD SYNNEX by 1,731.2% during the first quarter. International Assets Investment Management LLC now owns 293 shares of the business services provider’s stock worth $55,000 after buying an additional 277 shares during the last quarter. Citizens Financial Group Inc. RI acquired a new stake in shares of TD SYNNEX in the first quarter valued at approximately $326,000. Fifth Third Bancorp boosted its stake in shares of TD SYNNEX by 7,009.4% during the 1st quarter. Fifth Third Bancorp now owns 62,705 shares of the business services provider’s stock worth $10,579,000 after acquiring an additional 61,823 shares during the period. Manning & Napier Advisors LLC bought a new position in shares of TD SYNNEX during the 1st quarter worth approximately $215,000. Finally, First Horizon Corp increased its holdings in shares of TD SYNNEX by 11.7% during the 1st quarter. First Horizon Corp now owns 2,875 shares of the business services provider’s stock worth $485,000 after acquiring an additional 300 shares during the last quarter. 84.00% of the stock is currently owned by institutional investors and hedge funds.

TD SYNNEX Stock Performance

SNX opened at $252.48 on Monday. 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 business has a fifty day simple moving average of $255.92 and a 200 day simple moving average of $199.33. TD SYNNEX Corporation has a 1 year low of $139.23 and a 1 year high of $296.47. The company has a market capitalization of $20.19 billion, a PE ratio of 18.07, a price-to-earnings-growth ratio of 0.71 and a beta of 1.43.

TD SYNNEX (NYSE:SNX) last posted its earnings results on Thursday, June 25th. The business services provider reported $4.85 earnings per share for the quarter, topping analysts’ consensus estimates of $4.14 by $0.71. The company had revenue of $19.57 billion during the quarter, compared to the consensus estimate of $16.80 billion. TD SYNNEX had a return on equity of 15.37% and a net margin of 1.63%.The company’s revenue was up 31.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.99 earnings per share. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Research analysts expect that TD SYNNEX Corporation will post 18.02 EPS for the current year.

TD SYNNEX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, July 17th. TD SYNNEX’s dividend payout ratio (DPR) is currently 13.74%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SNX. JPMorgan Chase & Co. upgraded TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 price target on the stock in a research note on Wednesday, May 27th. Barrington Research upped their price objective on shares of TD SYNNEX from $202.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, June 26th. The Goldman Sachs Group set a $330.00 price objective on shares of TD SYNNEX in a research report on Friday, June 26th. UBS Group raised their target price 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. Finally, Royal Bank Of Canada set a $340.00 target price on shares of TD SYNNEX in a report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, TD SYNNEX presently has an average rating of “Buy” and a consensus target price of $294.67.

Insiders Place Their Bets

In other TD SYNNEX news, Director Richard T. Hume sold 5,000 shares of the business’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $242.97, for a total value of $1,214,850.00. Following the completion of the sale, the director owned 18,537 shares of the company’s stock, valued at $4,503,934.89. The trade was a 21.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 20,000 shares of company stock valued at $4,933,700. 0.70% of the stock is owned by insiders.

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.