VIRGINIA RETIREMENT SYSTEMS ET Al Buys 2,190 Shares of TD SYNNEX Corporation $SNX

by · The Cerbat Gem

VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in shares of TD SYNNEX Corporation (NYSE:SNX – Free Report) by 18.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,190 shares of the business services provider’s stock after buying an additional 2,190 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in TD SYNNEX were worth $3,645,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SNX. Parcion Private Wealth LLC lifted its position in shares of TD SYNNEX by 1.0% during the third quarter. Parcion Private Wealth LLC now owns 16,316 shares of the business services provider’s stock worth $4,191,000 after purchasing an additional 161 shares in the last quarter. Soltis Investment Advisors LLC grew its holdings in TD SYNNEX by 20.2% during the 3rd quarter. Soltis Investment Advisors LLC now owns 948 shares of the business services provider’s stock valued at $243,000 after purchasing an additional 159 shares in the last quarter. North Dakota State Investment Board grew its holdings in TD SYNNEX by 30.7% during the 3rd quarter. North Dakota State Investment Board now owns 9,585 shares of the business services provider’s stock valued at $2,462,000 after purchasing an additional 2,251 shares in the last quarter. Asset Management One Co. Ltd. purchased a new stake in TD SYNNEX during the 3rd quarter worth $2,077,000. Finally, Balance Wealth Partners LLC purchased a new stake in TD SYNNEX during the 3rd quarter worth $65,000. 84.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SNX has been the subject of a number of analyst reports. Morgan Stanley upped their price objective on shares of TD SYNNEX from $334.00 to $359.00 and gave the company an “overweight” rating in a research report on Friday, September 25th. UBS Group lifted their target price on TD SYNNEX from $352.00 to $379.00 and gave the stock a “buy” rating in a research report on Friday, September 25th. 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 note on Tuesday, September 8th. Zacks Research raised TD SYNNEX from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 29th. Finally, Weiss Ratings lowered TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $331.14.

Read Our Latest Stock Report on TD SYNNEX

Insider Buying and Selling

In other news, insider Alim Dhanji sold 3,775 shares of TD SYNNEX stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $241.01, for a total value of $909,812.75. Following the completion of the transaction, the insider owned 11,712 shares in the company, valued at approximately $2,822,709.12. This trade represents a 24.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard Hume sold 5,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the director owned 13,537 shares of the company’s stock, valued at $3,549,536.77. This trade represents a 26.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.70% of the company’s stock.

TD SYNNEX Trading Up 0.1%

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 company has a debt-to-equity ratio of 0.39, a current ratio of 1.19 and a quick ratio of 0.64. The stock has a market capitalization of $18.89 billion, a PE ratio of 14.43, a P/E/G ratio of 0.47 and a beta of 1.37. The firm’s fifty day moving average price is $260.67 and its 200 day moving average price is $225.55.

TD SYNNEX (NYSE:SNX – Get Free Report) last announced its quarterly earnings data on Thursday, September 24th. The business services provider reported $5.68 earnings per share for the quarter, topping the consensus estimate of $4.70 by $0.98. The company had revenue of $21.56 billion during the quarter, compared to analyst estimates of $18.91 billion. TD SYNNEX had a net margin of 1.75% and a return on equity of 16.78%. The firm’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same period last year, the business earned $3.58 EPS. TD SYNNEX has set its Q4 2026 guidance at 5.650-6.150 EPS. As a group, research analysts expect that TD SYNNEX Corporation will post 20.35 EPS for the current fiscal year.

TD SYNNEX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Friday, October 16th were paid a dividend of $0.48 per share. The ex-dividend date was Friday, October 16th. This represents a $1.92 annualized dividend and a yield of 0.8%. TD SYNNEX’s dividend payout ratio is presently 11.70%.

TD SYNNEX Profile

(Free Report)

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.

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