Lind Value II ApS Has $71 Million Stock Position in TD SYNNEX Corporation $SNX

Lind Value II ApS lessened its stake in TD SYNNEX Corporation (NYSE:SNX) by 26.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 523,227 shares of the business services provider’s stock after selling 185,418 shares during the period. TD SYNNEX accounts for approximately 31.2% of Lind Value II ApS’s investment portfolio, making the stock its largest holding. Lind Value II ApS owned about 0.63% of TD SYNNEX worth $71,002,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SNX. Versor Investments LP lifted its position in TD SYNNEX by 27.5% during the second quarter. Versor Investments LP now owns 10,886 shares of the business services provider’s stock valued at $1,477,000 after acquiring an additional 2,349 shares during the last quarter. GHP Investment Advisors Inc. increased its position in shares of TD SYNNEX by 2.0% during the second quarter. GHP Investment Advisors Inc. now owns 15,340 shares of the business services provider’s stock worth $2,082,000 after purchasing an additional 306 shares in the last quarter. Kesler Norman & Wride LLC increased its position in shares of TD SYNNEX by 6.3% during the second quarter. Kesler Norman & Wride LLC now owns 8,314 shares of the business services provider’s stock worth $1,129,000 after purchasing an additional 494 shares in the last quarter. Uniting Wealth Partners LLC acquired a new position in shares of TD SYNNEX during the second quarter worth $206,000. Finally, Atria Investments Inc increased its position in shares of TD SYNNEX by 33.8% during the second quarter. Atria Investments Inc now owns 5,156 shares of the business services provider’s stock worth $700,000 after purchasing an additional 1,302 shares in the last quarter. 84.00% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Marshall Witt sold 861 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $149.84, for a total transaction of $129,012.24. Following the sale, the chief financial officer directly owned 49,777 shares of the company’s stock, valued at $7,458,585.68. This trade represents a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ann F. Vezina sold 812 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $150.42, for a total value of $122,141.04. Following the completion of the sale, the director owned 6,079 shares in the company, valued at approximately $914,403.18. This represents a 11.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 10,108 shares of company stock valued at $1,564,778 over the last 90 days. Company insiders own 1.00% of the company’s stock.

TD SYNNEX Price Performance

Shares of NYSE:SNX opened at $156.47 on Friday. TD SYNNEX Corporation has a twelve month low of $92.23 and a twelve month high of $167.76. The company’s 50 day moving average is $153.86 and its 200 day moving average is $138.67. The company has a current ratio of 1.20, a quick ratio of 0.71 and a debt-to-equity ratio of 0.36. The company has a market cap of $12.74 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 1.19 and a beta of 1.43.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings data on Thursday, September 25th. The business services provider reported $2.74 EPS for the quarter, missing the consensus estimate of $3.05 by ($0.31). The business had revenue of $15.65 billion during the quarter, compared to analysts’ expectations of $15.11 billion. TD SYNNEX had a net margin of 1.27% and a return on equity of 12.13%. The firm’s revenue was up 6.6% on a year-over-year basis. During the same period last year, the company earned $2.86 earnings per share. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. On average, sell-side analysts forecast that TD SYNNEX Corporation will post 11.88 EPS for the current year.

TD SYNNEX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Friday, October 17th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, October 17th. TD SYNNEX’s dividend payout ratio (DPR) is 19.09%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Barclays raised their price target on TD SYNNEX from $140.00 to $164.00 and gave the stock an “equal weight” rating in a report on Friday, September 26th. Bank of America increased their price objective on shares of TD SYNNEX from $170.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, September 26th. UBS Group increased their price objective on shares of TD SYNNEX from $154.00 to $187.00 and gave the company a “buy” rating in a research report on Monday, September 29th. Raymond James Financial set a $175.00 price target on shares of TD SYNNEX in a research note on Thursday, September 25th. Finally, Royal Bank Of Canada boosted their price objective on shares of TD SYNNEX from $165.00 to $180.00 and gave the company an “outperform” rating in a report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $169.55.

About TD SYNNEX

TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem. The company offers personal computing devices and peripherals, mobile phones and accessories, printers, supplies, and endpoint technology software; and data center technologies, such as hybrid cloud, security, storage, networking, servers, technology software, and converged and hyper-converged infrastructure, as well as computing components.