Weiss Asset Management LP Purchases New Shares in TD SYNNEX Corporation $SNX

Weiss Asset Management LP acquired a new stake in TD SYNNEX Corporation (NYSE:SNX) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 26,285 shares of the business services provider’s stock, valued at approximately $4,435,000.

Several other large investors have also recently added to or reduced their stakes in the company. Dorato Capital Management bought a new stake in shares of TD SYNNEX in the fourth quarter valued at about $27,000. Ossiam grew its stake in shares of TD SYNNEX by 84.3% in the third quarter. Ossiam now owns 164 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 75 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in TD SYNNEX during the fourth quarter worth about $28,000. Measured Wealth Private Client Group LLC acquired a new stake in TD SYNNEX in the 3rd quarter worth about $30,000. Finally, Lloyd Advisory Services LLC. bought a new stake in TD SYNNEX in the 4th quarter valued at about $32,000. Institutional investors own 84.00% of the company’s stock.

Insiders Place Their Bets

In related news, Director Richard T. Hume sold 5,000 shares of the firm’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $242.97, for a total transaction of $1,214,850.00. Following the completion of the transaction, the director directly owned 18,537 shares of the company’s stock, valued at $4,503,934.89. This trade represents a 21.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 20,000 shares of company stock valued at $4,933,700 in the last three months. Corporate insiders own 0.70% of the company’s stock.

TD SYNNEX Trading Up 0.1%

NYSE SNX opened at $243.06 on Monday. The company has a market cap of $19.43 billion, a price-to-earnings ratio of 17.40, a price-to-earnings-growth ratio of 0.69 and a beta of 1.43. The company has a quick ratio of 0.64, a current ratio of 1.20 and a debt-to-equity ratio of 0.40. The business’s fifty day moving average is $258.69 and its 200 day moving average is $205.99. TD SYNNEX Corporation has a twelve month low of $139.23 and a twelve month high of $296.47.

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

TD SYNNEX Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently commented on SNX. JPMorgan Chase & Co. raised shares of TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 target price on the stock in a report on Wednesday, May 27th. Barclays boosted their price target 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. Weiss Ratings downgraded TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, June 17th. UBS Group raised their price objective on TD SYNNEX from $310.00 to $352.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Finally, The Goldman Sachs Group set a $330.00 price objective on TD SYNNEX in a report on Friday, June 26th. One 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 company. Based on data from MarketBeat.com, TD SYNNEX presently has a consensus rating of “Buy” and an average target price of $294.67.

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.