Paradigm Capital Management Inc. NY Sells 12,000 Shares of TD SYNNEX Corporation $SNX

Paradigm Capital Management Inc. NY lowered its stake in TD SYNNEX Corporation (NYSE:SNX) by 14.8% during the first quarter, HoldingsChannel.com reports. The firm owned 69,274 shares of the business services provider’s stock after selling 12,000 shares during the period. Paradigm Capital Management Inc. NY’s holdings in TD SYNNEX were worth $11,687,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Essex Financial Services Inc. increased its holdings in TD SYNNEX by 2.9% in the first quarter. Essex Financial Services Inc. now owns 1,957 shares of the business services provider’s stock valued at $330,000 after purchasing an additional 56 shares during the last quarter. Kesler Norman & Wride LLC grew its holdings in TD SYNNEX by 0.7% during the first quarter. Kesler Norman & Wride LLC now owns 8,581 shares of the business services provider’s stock valued at $1,448,000 after purchasing an additional 61 shares during the period. SJS Investment Consulting Inc. increased its stake in TD SYNNEX by 44.6% in the first quarter. SJS Investment Consulting Inc. now owns 201 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 62 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its stake in TD SYNNEX by 3.5% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 2,107 shares of the business services provider’s stock valued at $317,000 after purchasing an additional 71 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC raised its holdings in TD SYNNEX by 4.1% in the first quarter. Turtle Creek Wealth Advisors LLC now owns 1,847 shares of the business services provider’s stock worth $312,000 after purchasing an additional 72 shares during the period. 84.00% of the stock is owned by institutional investors and hedge funds.

TD SYNNEX Stock Performance

SNX opened at $243.06 on Friday. 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 company has a market capitalization of $19.43 billion, a price-to-earnings ratio of 17.40, a P/E/G ratio of 0.70 and a beta of 1.43. The business’s 50-day moving average price is $258.69 and its two-hundred day moving average price is $205.62. TD SYNNEX Corporation has a 1 year low of $139.23 and a 1 year high of $296.47.

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

TD SYNNEX Announces Dividend

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

Insider Activity at TD SYNNEX

In other news, Director Richard T. Hume sold 5,000 shares of the business’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $242.97, for a total value of $1,214,850.00. Following the sale, the director owned 18,537 shares of the company’s stock, valued at $4,503,934.89. The trade was a 21.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 20,000 shares of company stock valued at $4,933,700 over the last 90 days. Insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

SNX has been the subject of several research analyst reports. Zacks Research raised shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Royal Bank Of Canada set a $340.00 price objective on shares of TD SYNNEX in a research report on Friday, June 26th. Barclays raised their price objective on TD SYNNEX from $237.00 to $278.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 2nd. UBS Group boosted their target price on TD SYNNEX from $310.00 to $352.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Finally, JPMorgan Chase & Co. upgraded TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 price target for the company in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, TD SYNNEX presently has an average rating of “Buy” and an average price target of $294.67.

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.