40,490 Shares in TD SYNNEX Corporation $SNX Bought by Vise Technologies Inc.

Vise Technologies Inc. purchased a new stake in TD SYNNEX Corporation (NYSE:SNX) in the 2nd quarter, HoldingsChannel reports. The fund purchased 40,490 shares of the business services provider’s stock, valued at approximately $10,825,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bell Investment Advisors Inc purchased a new stake in shares of TD SYNNEX in the second quarter worth about $27,000. Ossiam lifted its position in TD SYNNEX by 84.3% during the 3rd quarter. Ossiam now owns 164 shares of the business services provider’s stock worth $27,000 after acquiring an additional 75 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in TD SYNNEX during the 4th quarter worth approximately $28,000. Measured Wealth Private Client Group LLC purchased a new position in TD SYNNEX in the 3rd quarter worth approximately $30,000. Finally, Lloyd Advisory Services LLC. purchased a new position in TD SYNNEX in the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 84.00% of the company’s stock.

Insider Transactions at TD SYNNEX

In other news, Director Ann F. Vezina sold 1,273 shares of TD SYNNEX stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $256.05, for a total value of $325,951.65. Following the completion of the transaction, the director directly 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Richard T. Hume sold 5,000 shares of the business’s stock in a transaction dated 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 sale, the director directly owned 18,537 shares of the company’s stock, valued at approximately $4,503,934.89. This represents a 21.24% 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. Over the last 90 days, insiders sold 16,273 shares of company stock worth $4,253,752. Insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SNX. Barrington Research boosted their target price on shares of TD SYNNEX from $202.00 to $325.00 and gave the stock an “outperform” rating in a research report on Friday, June 26th. Royal Bank Of Canada set a $340.00 price objective on shares of TD SYNNEX in a report on Friday, June 26th. Zacks Research upgraded TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Weiss Ratings lowered TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, June 17th. Finally, UBS Group increased their price target on TD SYNNEX from $310.00 to $352.00 and gave the company a “buy” rating in a report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $294.67.

TD SYNNEX Stock Performance

Shares of TD SYNNEX stock opened at $250.67 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.64 and a current ratio of 1.20. TD SYNNEX Corporation has a 1 year low of $142.22 and a 1 year high of $296.47. The firm’s 50-day simple moving average is $258.55 and its 200-day simple moving average is $219.66. The firm has a market cap of $20.04 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 0.71 and a beta of 1.44.

TD SYNNEX (NYSE:SNX) last announced its quarterly earnings data on Thursday, June 25th. The business services provider reported $4.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.14 by $0.71. The firm had revenue of $19.57 billion for 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 for the quarter was up 31.0% on a year-over-year basis. During the same period last year, the business posted $2.99 earnings per share. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Equities analysts forecast that TD SYNNEX Corporation will post 18.01 earnings per share for the current fiscal year.

TD SYNNEX Dividend Announcement

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

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.