TD SYNNEX Corporation $SNX Stock Position Lessened by PensionDanmark Pensionsforsikringsaktieselskab

PensionDanmark Pensionsforsikringsaktieselskab lessened its stake in TD SYNNEX Corporation (NYSE:SNX) by 74.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,783 shares of the business services provider’s stock after selling 5,186 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in TD SYNNEX were worth $477,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SNX. Intech Investment Management LLC raised its holdings in shares of TD SYNNEX by 38.4% in the 4th quarter. Intech Investment Management LLC now owns 21,578 shares of the business services provider’s stock worth $3,242,000 after purchasing an additional 5,982 shares in the last quarter. CWM LLC boosted its holdings in TD SYNNEX by 474.0% during the fourth quarter. CWM LLC now owns 7,095 shares of the business services provider’s stock worth $1,066,000 after buying an additional 5,859 shares in the last quarter. R Squared Ltd bought a new stake in TD SYNNEX during the fourth quarter worth approximately $1,507,000. Weiss Asset Management LP acquired a new position in TD SYNNEX in the first quarter worth approximately $4,435,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of TD SYNNEX by 44.6% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 67,521 shares of the business services provider’s stock valued at $10,186,000 after buying an additional 20,815 shares in the last quarter. 84.00% of the stock is currently owned by institutional investors and hedge funds.

TD SYNNEX Price Performance

Shares of SNX stock opened at $253.10 on Tuesday. The stock has a 50 day moving average of $261.45 and a two-hundred day moving average of $214.02. The company has a market capitalization of $20.24 billion, a P/E ratio of 18.12, a P/E/G ratio of 0.71 and a beta of 1.44. TD SYNNEX Corporation has a 12 month low of $142.22 and a 12 month high of $296.47. The company has a current ratio of 1.20, a quick ratio of 0.64 and a debt-to-equity ratio of 0.40.

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

TD SYNNEX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders 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 (DPR) is currently 13.74%.

Insider Buying and Selling at TD SYNNEX

In other TD SYNNEX news, Director Ann F. Vezina sold 1,273 shares of the company’s 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. This represents a 17.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard T. Hume sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $262.21, for a total value of $1,311,050.00. Following the completion of the transaction, the director directly owned 13,537 shares of the company’s stock, valued at $3,549,536.77. This represents a 26.97% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 21,273 shares of company stock worth $5,401,452. 0.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

SNX has been the subject of a number of recent research reports. Barclays increased their price objective 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. Weiss Ratings cut TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, June 17th. The Goldman Sachs Group set a $330.00 price target on shares of TD SYNNEX in a research note on Friday, June 26th. UBS Group raised 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, Royal Bank Of Canada set a $340.00 price objective on shares of TD SYNNEX in a research note 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $294.67.

About TD SYNNEX

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.