110,678 Shares in TD SYNNEX Corporation $SNX Acquired by Empowered Funds LLC

Empowered Funds LLC purchased a new stake in shares of TD SYNNEX Corporation (NYSE:SNX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 110,678 shares of the business services provider’s stock, valued at approximately $29,589,000. Empowered Funds LLC owned approximately 0.14% of TD SYNNEX as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Bell Investment Advisors Inc purchased a new position in shares of TD SYNNEX in the 2nd quarter valued at $27,000. Fiduciary Financial Advisors purchased a new stake in TD SYNNEX during the 2nd quarter worth $28,000. Compass Financial Management LLC acquired a new stake in TD SYNNEX in the 2nd quarter valued at $38,000. 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 purchasing an additional 75 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new position in TD SYNNEX in the third quarter valued at about $30,000. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SNX has been the subject of several analyst reports. The Goldman Sachs Group set a $330.00 target price on TD SYNNEX in a research report on Friday, June 26th. JPMorgan Chase & Co. raised 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. Morgan Stanley upped their price target on TD SYNNEX from $341.00 to $374.00 and gave the stock an “overweight” rating in a report on Friday, June 26th. UBS Group increased their price objective on shares of TD SYNNEX from $310.00 to $352.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Finally, Zacks Research lowered shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $294.67.

TD SYNNEX Stock Performance

NYSE:SNX opened at $259.99 on Friday. The firm has a 50-day moving average of $255.47 and a two-hundred day moving average of $222.76. 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 $20.79 billion, a P/E ratio of 18.61, a PEG ratio of 0.72 and a beta of 1.44. TD SYNNEX Corporation has a 1-year low of $142.22 and a 1-year high of $296.47.

TD SYNNEX (NYSE:SNX) last announced its earnings results on Thursday, June 25th. The business services provider reported $4.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.14 by $0.71. The business had revenue of $19.57 billion for the quarter, compared to analyst estimates 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 for the quarter was up 31.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.99 earnings per share. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. On average, research analysts expect that TD SYNNEX Corporation will post 18.01 earnings per share for the current fiscal year.

TD SYNNEX Dividend Announcement

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

Insider Buying and Selling

In other news, Director Richard T. Hume sold 5,000 shares of the 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 directly owned 18,537 shares in the company, valued at approximately $4,503,934.89. This represents a 21.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ann F. Vezina sold 1,273 shares of the company’s stock in a transaction on Friday, July 31st. The shares were 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 in the company, valued at $1,492,259.40. This represents a 17.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 16,273 shares of company stock worth $4,253,752. 0.70% of the stock is currently owned by corporate insiders.

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.