Panagora Asset Management Inc. Has $9.54 Million Holdings in TD SYNNEX Corporation $SNX

Panagora Asset Management Inc. decreased its position in shares of TD SYNNEX Corporation (NYSE:SNX) by 62.8% in the second quarter, Holdings Channel reports. The fund owned 70,318 shares of the business services provider’s stock after selling 118,832 shares during the period. Panagora Asset Management Inc.’s holdings in TD SYNNEX were worth $9,542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of TD SYNNEX by 329.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 245 shares of the business services provider’s stock worth $25,000 after purchasing an additional 188 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in TD SYNNEX in the 2nd quarter valued at approximately $55,000. MAI Capital Management increased its position in TD SYNNEX by 90.2% in the 2nd quarter. MAI Capital Management now owns 428 shares of the business services provider’s stock worth $58,000 after buying an additional 203 shares during the period. Hantz Financial Services Inc. lifted its holdings in shares of TD SYNNEX by 1,012.5% during the second quarter. Hantz Financial Services Inc. now owns 445 shares of the business services provider’s stock worth $60,000 after buying an additional 405 shares during the last quarter. Finally, Quarry LP bought a new stake in shares of TD SYNNEX in the first quarter valued at approximately $51,000. 84.00% of the stock is currently owned by institutional investors.

Insider Transactions at TD SYNNEX

In other news, CFO Marshall Witt sold 861 shares of the company’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $149.84, for a total value of $129,012.24. Following the completion of the sale, the chief financial officer directly owned 49,777 shares of the company’s stock, valued at $7,458,585.68. This represents a 1.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard T. Hume sold 5,000 shares of TD SYNNEX stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $152.11, for a total transaction of $760,550.00. Following the transaction, the director directly owned 52,515 shares in the company, valued at $7,988,056.65. The trade was a 8.69% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 19,632 shares of company stock valued at $3,024,583. Corporate insiders own 1.00% of the company’s stock.

TD SYNNEX Stock Up 1.2%

NYSE SNX opened at $153.53 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.71 and a current ratio of 1.20. TD SYNNEX Corporation has a 52 week low of $92.23 and a 52 week high of $167.76. The stock has a market capitalization of $12.50 billion, a P/E ratio of 16.65, a price-to-earnings-growth ratio of 1.19 and a beta of 1.41. The stock has a fifty day moving average of $154.13 and a 200-day moving average of $144.52.

TD SYNNEX (NYSE:SNX) last announced its quarterly earnings data on Thursday, September 25th. The business services provider reported $3.58 EPS for the quarter, topping analysts’ consensus estimates of $3.05 by $0.53. The firm had revenue of $15.65 billion during the quarter, compared to analyst estimates of $15.11 billion. TD SYNNEX had a return on equity of 12.13% and a net margin of 1.27%.The company’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, equities research analysts forecast that TD SYNNEX Corporation will post 11.88 EPS for the current year.

TD SYNNEX Announces Dividend

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

Analyst Ratings Changes

A number of brokerages recently issued reports on SNX. Wall Street Zen lowered shares of TD SYNNEX from a “buy” rating to a “hold” rating in a research report on Monday, November 3rd. Zacks Research upgraded TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. The Goldman Sachs Group lifted their price target on shares of TD SYNNEX from $145.00 to $164.00 and gave the stock a “buy” rating in a research note on Thursday, September 25th. Barrington Research increased their price objective on shares of TD SYNNEX from $156.00 to $182.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Finally, Royal Bank Of Canada lifted their target price on shares of TD SYNNEX from $165.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $169.55.

TD SYNNEX Company Profile

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.