Polianta Ltd Trims Position in TD SYNNEX Corporation $SNX

Polianta Ltd cut its stake in shares of TD SYNNEX Corporation (NYSE:SNX) by 28.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,600 shares of the business services provider’s stock after selling 2,600 shares during the quarter. Polianta Ltd’s holdings in TD SYNNEX were worth $1,764,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. State Street Corp lifted its position in shares of TD SYNNEX by 0.4% in the 3rd quarter. State Street Corp now owns 2,372,733 shares of the business services provider’s stock worth $388,535,000 after purchasing an additional 9,024 shares during the period. Ninety One UK Ltd raised its stake in shares of TD SYNNEX by 13.1% during the 4th quarter. Ninety One UK Ltd now owns 2,229,091 shares of the business services provider’s stock worth $334,876,000 after acquiring an additional 258,630 shares in the last quarter. LSV Asset Management lifted its position in TD SYNNEX by 16.1% during the fourth quarter. LSV Asset Management now owns 2,086,604 shares of the business services provider’s stock valued at $313,471,000 after acquiring an additional 288,625 shares during the last quarter. Geode Capital Management LLC boosted its stake in TD SYNNEX by 6.9% in the fourth quarter. Geode Capital Management LLC now owns 1,532,784 shares of the business services provider’s stock valued at $230,315,000 after acquiring an additional 99,090 shares in the last quarter. Finally, Metropolis Capital Ltd boosted its stake in TD SYNNEX by 9.5% in the first quarter. Metropolis Capital Ltd now owns 1,281,307 shares of the business services provider’s stock valued at $216,169,000 after acquiring an additional 111,222 shares in the last quarter. 84.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SNX. Weiss Ratings downgraded TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, June 17th. Zacks Research upgraded TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Morgan Stanley upped their target price on TD SYNNEX from $341.00 to $374.00 and gave the company an “overweight” rating in a research report on Friday, June 26th. Barclays increased their price target on TD SYNNEX from $237.00 to $278.00 and gave the company an “equal weight” rating in a research note on Thursday, July 2nd. Finally, UBS Group raised their price target on TD SYNNEX from $310.00 to $352.00 and gave the stock a “buy” rating in a report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $294.67.

Insider Activity at TD SYNNEX

In other TD SYNNEX news, Director Richard T. Hume sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were 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 of the company’s stock, valued at approximately $4,503,934.89. This trade represents a 21.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ann F. Vezina sold 1,273 shares of TD SYNNEX stock in a transaction that occurred 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 sale, the director owned 5,828 shares of the company’s stock, valued at approximately $1,492,259.40. The trade was a 17.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 21,273 shares of company stock worth $5,401,452. 0.70% of the stock is owned by corporate insiders.

TD SYNNEX Price Performance

NYSE SNX opened at $252.56 on Friday. The company has a market cap of $20.19 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 0.71 and a beta of 1.44. 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’s fifty day moving average price is $261.80 and its 200 day moving average price is $212.82. TD SYNNEX Corporation has a 1 year low of $142.22 and a 1 year high of $296.47.

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 company had revenue of $19.57 billion during 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 firm’s revenue was up 31.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.99 EPS. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. As a group, equities research analysts forecast that TD SYNNEX Corporation will post 18.01 earnings per share for the current year.

TD SYNNEX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 17th were given a $0.48 dividend. The ex-dividend date was Friday, July 17th. This represents a $1.92 dividend on an annualized basis and a yield of 0.8%. TD SYNNEX’s dividend payout ratio is currently 13.74%.

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.