VIRGINIA RETIREMENT SYSTEMS ET Al Takes $3.21 Million Position in TD SYNNEX Corporation $SNX

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of TD SYNNEX Corporation (NYSE:SNX) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,000 shares of the business services provider’s stock, valued at approximately $3,208,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SNX. Bell Investment Advisors Inc bought a new stake in TD SYNNEX in the second quarter valued at approximately $27,000. Ossiam raised its holdings in TD SYNNEX by 84.3% during the 3rd quarter. Ossiam now owns 164 shares of the business services provider’s stock worth $27,000 after purchasing an additional 75 shares during the last quarter. Fiduciary Financial Advisors acquired a new position in shares of TD SYNNEX in the 2nd quarter worth approximately $28,000. Aster Capital Management DIFC Ltd acquired a new position in shares of TD SYNNEX in the 4th quarter worth approximately $28,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of TD SYNNEX in the 3rd quarter valued at $30,000. 84.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SNX shares. JPMorgan Chase & Co. upgraded shares of TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 price objective for the company in a research report on Wednesday, May 27th. Morgan Stanley boosted their target price on shares of TD SYNNEX from $341.00 to $374.00 and gave the company an “overweight” rating in a report on Friday, June 26th. Weiss Ratings cut shares of TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, June 17th. Barclays increased their price target on TD SYNNEX from $278.00 to $287.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Barrington Research lifted their price objective on TD SYNNEX from $202.00 to $325.00 and gave the stock an “outperform” rating in a research report on Friday, June 26th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $295.67.

Insiders Place Their Bets

In related news, Director Richard T. Hume sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $262.21, for a total value of $1,311,050.00. Following the sale, the director owned 13,537 shares in the company, valued at $3,549,536.77. This represents a 26.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ann F. Vezina sold 1,273 shares of the firm’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $256.05, for a total transaction of $325,951.65. Following the completion of the transaction, the director directly owned 5,828 shares in the company, valued at approximately $1,492,259.40. The trade was a 17.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 11,273 shares of company stock valued at $2,851,852 in the last 90 days. 0.70% of the stock is currently owned by company insiders.

TD SYNNEX Price Performance

Shares of NYSE SNX opened at $255.94 on Friday. The firm has a market capitalization of $20.46 billion, a P/E ratio of 18.32, a P/E/G ratio of 0.73 and a beta of 1.43. The firm’s 50-day moving average price is $252.36 and its 200-day moving average price is $229.33. The company has a current ratio of 1.20, a quick ratio of 0.64 and a debt-to-equity ratio of 0.40. TD SYNNEX Corporation has a 1-year low of $142.22 and a 1-year high of $296.47.

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. TD SYNNEX had a return on equity of 15.37% and a net margin of 1.63%.The firm had revenue of $19.57 billion during the quarter, compared to the consensus estimate of $16.80 billion. During the same quarter in the previous year, the company posted $2.99 earnings per share. The company’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. Equities research analysts anticipate that TD SYNNEX Corporation will post 18.01 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

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

About TD SYNNEX

TD SYNNEX Corporation (NYSE: SNX) is a global technology distributor and solutions aggregator that connects technology manufacturers with resellers, systems integrators, managed service providers and other business partners. The company helps its partners design, procure, configure and deliver technology solutions to organizations across a range of industries.

Its portfolio includes personal computing devices, peripherals, networking equipment, data-center infrastructure, cybersecurity products, software and cloud services.