Livforsakringsbolaget Skandia Omsesidigt Takes $10.91 Million Position in TD SYNNEX Corporation $SNX

Livforsakringsbolaget Skandia Omsesidigt purchased a new position in TD SYNNEX Corporation (NYSE:SNX) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 40,800 shares of the business services provider’s stock, valued at approximately $10,907,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Empowered Funds LLC purchased a new stake in TD SYNNEX in the second quarter worth approximately $29,589,000. United Capital Financial Advisors LLC bought a new stake in TD SYNNEX in the 2nd quarter worth approximately $465,000. FSA Advisors Inc. purchased a new stake in TD SYNNEX during the 2nd quarter valued at $369,000. Public Employees Retirement System of Ohio purchased a new stake in TD SYNNEX during the 2nd quarter valued at $6,698,000. Finally, Redwood Investment Management LLC bought a new position in shares of TD SYNNEX during the 2nd quarter valued at $1,165,000. Institutional investors own 84.00% of the company’s stock.

Analyst Ratings Changes

SNX has been the topic of a number of research reports. Zacks Research downgraded TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Barrington Research increased their target price on TD SYNNEX from $202.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, June 26th. The Goldman Sachs Group set a $330.00 target price on TD SYNNEX in a research report on Friday, June 26th. Morgan Stanley boosted their price target on TD SYNNEX from $341.00 to $374.00 and gave the company an “overweight” rating in a research note on Friday, June 26th. Finally, JPMorgan Chase & Co. raised shares of TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 price target for the company in a research report on Wednesday, May 27th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $294.67.

TD SYNNEX Price Performance

Shares of TD SYNNEX stock opened at $253.62 on Friday. The stock has a market cap of $20.28 billion, a P/E ratio of 18.15, a P/E/G ratio of 0.73 and a beta of 1.44. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.64 and a current ratio of 1.20. The stock’s fifty day moving average is $254.85 and its 200 day moving average is $222.97. TD SYNNEX Corporation has a one year low of $142.22 and a one year high of $296.47.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings results on Thursday, June 25th. The business services provider reported $4.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.14 by $0.71. The business had revenue of $19.57 billion during 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%.TD SYNNEX’s revenue for the quarter was up 31.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.99 earnings per share. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Sell-side analysts anticipate that TD SYNNEX Corporation will post 18.01 earnings per share for the current year.

TD SYNNEX Dividend Announcement

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

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 Wednesday, August 5th. The shares were sold at an average price of $262.21, for a total transaction of $1,311,050.00. Following the sale, the director owned 13,537 shares in the company, valued at approximately $3,549,536.77. This trade represents a 26.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction, the director directly owned 5,828 shares in the company, valued at $1,492,259.40. This represents a 17.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 16,273 shares of company stock valued at $4,253,752 over the last three months. 0.70% of the stock is currently owned by insiders.

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.