Healthcare of Ontario Pension Plan Trust Fund Purchases Shares of 60,400 TD SYNNEX Corporation $SNX

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in TD SYNNEX Corporation (NYSE:SNX) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 60,400 shares of the business services provider’s stock, valued at approximately $10,190,000.

A number of other large investors have also made changes to their positions in the stock. Gamco Investors INC. ET AL lifted its stake in shares of TD SYNNEX by 1.1% in the first quarter. Gamco Investors INC. ET AL now owns 4,667 shares of the business services provider’s stock valued at $787,000 after buying an additional 52 shares during the period. Essex Financial Services Inc. increased its stake in TD SYNNEX by 2.9% during the first quarter. Essex Financial Services Inc. now owns 1,957 shares of the business services provider’s stock valued at $330,000 after acquiring an additional 56 shares during the period. Kesler Norman & Wride LLC raised its holdings in TD SYNNEX by 0.7% in the 1st quarter. Kesler Norman & Wride LLC now owns 8,581 shares of the business services provider’s stock valued at $1,448,000 after acquiring an additional 61 shares in the last quarter. SJS Investment Consulting Inc. raised its holdings in TD SYNNEX by 44.6% in the 1st quarter. SJS Investment Consulting Inc. now owns 201 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 62 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC lifted its position in shares of TD SYNNEX by 3.5% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 2,107 shares of the business services provider’s stock worth $317,000 after acquiring an additional 71 shares during the period. Institutional investors and hedge funds own 84.00% of the company’s stock.

Analyst Ratings Changes

SNX has been the topic of a number of research reports. Weiss Ratings cut TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, June 17th. JPMorgan Chase & Co. upgraded shares of TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 price target on the stock in a research note on Wednesday, May 27th. Royal Bank Of Canada set a $340.00 price objective on shares of TD SYNNEX in a research note on Friday, June 26th. Barclays upped their target price on shares of TD SYNNEX from $237.00 to $278.00 and gave the company an “equal weight” rating in a research note on Thursday, July 2nd. Finally, Barrington Research raised their price target on shares of TD SYNNEX from $202.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $294.67.

TD SYNNEX Stock Performance

Shares of NYSE:SNX opened at $247.01 on Wednesday. TD SYNNEX Corporation has a twelve month low of $139.23 and a twelve month high of $296.47. The firm has a market cap of $19.75 billion, a PE ratio of 17.68, a price-to-earnings-growth ratio of 0.69 and a beta of 1.43. 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 business has a fifty day moving average of $259.43 and a 200-day moving average of $207.32.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings results 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. 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 for the quarter, compared to the consensus estimate of $16.80 billion. During the same quarter in the prior year, the company 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. On average, equities research analysts predict that TD SYNNEX Corporation will post 18.01 EPS for the current fiscal year.

TD SYNNEX Dividend Announcement

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

Insider Activity at TD SYNNEX

In other news, Director Richard T. Hume sold 5,000 shares of the stock in a transaction that occurred on 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 $4,503,934.89. This represents a 21.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 20,000 shares of company stock worth $4,933,700 over the last quarter. 0.70% of the stock is owned by corporate 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.