Oppenheimer Asset Management Inc. Purchases New Shares in TD SYNNEX Corporation $SNX

Oppenheimer Asset Management Inc. acquired a new stake in shares of TD SYNNEX Corporation (NYSE:SNX) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 6,029 shares of the business services provider’s stock, valued at approximately $1,612,000.

Several other institutional investors have also added to or reduced their stakes in SNX. Ossiam increased its position in shares of TD SYNNEX by 84.3% during the third quarter. Ossiam now owns 164 shares of the business services provider’s stock valued at $27,000 after buying an additional 75 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in TD SYNNEX in the fourth quarter worth about $28,000. Measured Wealth Private Client Group LLC bought a new stake in TD SYNNEX during the 3rd quarter valued at approximately $30,000. Lloyd Advisory Services LLC. bought a new stake in TD SYNNEX during the 4th quarter valued at approximately $32,000. Finally, SJS Investment Consulting Inc. grew its holdings in shares of TD SYNNEX by 44.6% during the 1st quarter. SJS Investment Consulting Inc. now owns 201 shares of the business services provider’s stock worth $34,000 after acquiring an additional 62 shares during the period. 84.00% of the stock is currently owned by institutional investors.

TD SYNNEX Price Performance

Shares of NYSE SNX opened at $258.79 on Monday. The company has a 50 day simple moving average of $259.82 and a two-hundred day simple moving average of $216.92. TD SYNNEX Corporation has a fifty-two week low of $142.22 and a fifty-two week high of $296.47. The company has a market capitalization of $20.69 billion, a price-to-earnings ratio of 18.52, a P/E/G ratio of 0.73 and a beta of 1.44. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.64 and a current ratio of 1.20.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings results on Thursday, June 25th. The business services provider reported $4.85 EPS for the quarter, topping analysts’ consensus estimates of $4.14 by $0.71. The firm had revenue of $19.57 billion for the quarter, compared to analysts’ expectations of $16.80 billion. TD SYNNEX had a return on equity of 15.37% and a net margin of 1.63%.The business’s revenue for the quarter was up 31.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.99 EPS. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Analysts expect that TD SYNNEX Corporation will post 18.01 EPS for the current fiscal year.

TD SYNNEX Announces Dividend

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

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 target price for the company in a research report on Wednesday, May 27th. Barclays lifted their price target 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. Zacks Research raised TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Morgan Stanley increased their price objective on TD SYNNEX from $341.00 to $374.00 and gave the stock an “overweight” 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 report on Friday, June 26th. One equities research 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 stock. According to data from MarketBeat, TD SYNNEX has an average rating of “Buy” and an average price target of $294.67.

Insiders Place Their Bets

In other news, Director Ann F. Vezina sold 1,273 shares of TD SYNNEX stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $256.05, for a total value of $325,951.65. Following the completion of the transaction, the director owned 5,828 shares of the company’s stock, valued at $1,492,259.40. The trade was a 17.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard T. Hume sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $262.21, for a total transaction of $1,311,050.00. Following the completion of the transaction, the director owned 13,537 shares in the company, valued at approximately $3,549,536.77. The trade was a 26.97% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 16,273 shares of company stock worth $4,253,752. Insiders own 0.70% of the company’s stock.

TD SYNNEX Company 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.