TD SYNNEX Corporation $SNX Stock: VIRGINIA RETIREMENT SYSTEMS ET Al Raises Holdings

VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in TD SYNNEX Corporation (NYSE:SNX) by 18.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 14,190 shares of the business services provider’s stock after acquiring an additional 2,190 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in TD SYNNEX were worth $3,645,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Parkside Financial Bank & Trust grew its stake in TD SYNNEX by 32.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 158 shares of the business services provider’s stock worth $42,000 after buying an additional 39 shares during the last quarter. Gamco Investors INC. ET AL boosted its stake in TD SYNNEX by 1.1% during the 1st quarter. Gamco Investors INC. ET AL now owns 4,667 shares of the business services provider’s stock valued at $787,000 after purchasing an additional 52 shares during the period. Essex Financial Services Inc. increased its stake in shares of 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 period. Capital Analysts LLC increased its stake in shares of TD SYNNEX by 10.9% in the second quarter. Capital Analysts LLC now owns 598 shares of the business services provider’s stock valued at $160,000 after purchasing an additional 59 shares during the period. Finally, Waverly Advisors LLC raised its holdings in shares of TD SYNNEX by 0.8% during the second quarter. Waverly Advisors LLC now owns 7,472 shares of the business services provider’s stock valued at $1,998,000 after buying an additional 60 shares during the last quarter. Institutional investors and hedge funds own 84.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SNX. Morgan Stanley boosted their price objective on TD SYNNEX from $334.00 to $359.00 and gave the stock an “overweight” rating in a research report on Friday, September 25th. UBS Group raised their target price on TD SYNNEX from $352.00 to $379.00 and gave the company a “buy” rating in a research report on Friday, September 25th. Weiss Ratings downgraded TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, October 23rd. Barclays boosted their price target on TD SYNNEX from $278.00 to $287.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 8th. Finally, Zacks Research raised shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 29th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, TD SYNNEX currently has an average rating of “Buy” and a consensus target price of $331.14.

Insider Activity

In other news, Director Richard Hume sold 5,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, 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 document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alim Dhanji sold 3,775 shares of the business’s stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $241.01, for a total transaction of $909,812.75. Following the completion of the sale, the insider owned 11,712 shares in the company, valued at $2,822,709.12. The trade was a 24.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.70% of the company’s stock.

TD SYNNEX Price Performance

Shares of NYSE:SNX opened at $236.81 on Monday. TD SYNNEX Corporation has a 12 month low of $142.22 and a 12 month high of $298.77. The stock has a market cap of $18.89 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 0.47 and a beta of 1.37. The stock’s 50 day moving average price is $260.67 and its 200 day moving average price is $225.55. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.19 and a quick ratio of 0.64.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings data on Thursday, September 24th. The business services provider reported $5.68 EPS for the quarter, topping analysts’ consensus estimates of $4.70 by $0.98. The company had revenue of $21.56 billion for the quarter, compared to the consensus estimate of $18.91 billion. TD SYNNEX had a return on equity of 16.78% and a net margin of 1.75%. The company’s quarterly revenue was up 37.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.58 EPS. TD SYNNEX has set its Q4 2026 guidance at 5.650-6.150 EPS. Equities research analysts anticipate that TD SYNNEX Corporation will post 20.35 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, October 30th. Shareholders of record on Friday, October 16th were given a $0.48 dividend. The ex-dividend date was Friday, October 16th. This represents a $1.92 annualized dividend and a yield of 0.8%. TD SYNNEX’s payout ratio is 11.70%.

TD SYNNEX Company Profile

TD SYNNEX Corporation (NYSE: SNX) is a global technology distributor and solutions aggregator. The company connects technology vendors with resellers, systems integrators, managed service providers, retailers and other channel partners, helping them market, sell, deploy and support technology products and services.

Its offerings include personal computing and endpoint devices, servers, data-center and networking equipment, software, cloud solutions, cybersecurity products, and related professional and managed services.