Paradigm Capital Management Inc. NY Buys New Shares in TD SYNNEX Corporation $SNX

Paradigm Capital Management Inc. NY purchased a new position in shares of TD SYNNEX Corporation (NYSE:SNX) in the 2nd quarter, Holdings Channel reports. The firm purchased 69,274 shares of the business services provider’s stock, valued at approximately $18,520,000.

Other hedge funds also recently made changes to their positions in the company. Sanctuary Advisors LLC acquired a new position in shares of TD SYNNEX in the 2nd quarter valued at $2,979,000. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in shares of TD SYNNEX during the 2nd quarter worth $462,000. Globeflex Capital L P purchased a new position in shares of TD SYNNEX in the 2nd quarter worth $10,704,000. Bank of Nova Scotia purchased a new position in shares of TD SYNNEX in the 2nd quarter worth $2,594,000. Finally, Compass Financial Management LLC acquired a new position in TD SYNNEX in the second quarter valued at $38,000. Institutional investors and hedge funds own 84.00% of the company’s stock.

Insider Activity at TD SYNNEX

In related news, Director Ann F. Vezina sold 1,273 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $256.05, for a total transaction of $325,951.65. Following 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 legal filing with the SEC, which is accessible through the SEC website. Also, Director Richard T. Hume sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $242.97, for a total value of $1,214,850.00. Following the completion of the transaction, the director 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. Insiders have sold a total of 16,273 shares of company stock worth $4,253,752 over the last three months. 0.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

SNX has been the subject of a number of research reports. Barrington Research boosted their price target on TD SYNNEX from $202.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, June 26th. Barclays lifted their price objective 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. The Goldman Sachs Group set a $330.00 target price on TD SYNNEX in a report on Friday, June 26th. JPMorgan Chase & Co. raised shares of TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 target price for the company in a research report on Wednesday, May 27th. Finally, UBS Group raised their price target on shares of TD SYNNEX from $310.00 to $352.00 and gave the company 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 issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $294.67.

TD SYNNEX Stock Down 2.5%

Shares of TD SYNNEX stock opened at $243.88 on Tuesday. TD SYNNEX Corporation has a twelve month low of $142.22 and a twelve month high of $296.47. The stock has a market cap of $19.50 billion, a price-to-earnings ratio of 17.46, a price-to-earnings-growth ratio of 0.71 and a beta of 1.44. The company has a current ratio of 1.20, a quick ratio of 0.64 and a debt-to-equity ratio of 0.40. The company has a fifty day moving average price of $257.12 and a 200 day moving average price of $220.87.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings data on Thursday, June 25th. The business services provider reported $4.85 EPS for the quarter, beating the consensus estimate of $4.14 by $0.71. The company had revenue of $19.57 billion for the quarter, compared to analyst estimates 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 period last year, the company posted $2.99 earnings per share. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Equities research analysts forecast that TD SYNNEX Corporation will post 18.01 earnings per share for the current fiscal year.

TD SYNNEX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 17th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend 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 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.