Sanctuary Advisors LLC Takes $2.98 Million Position in TD SYNNEX Corporation $SNX

Sanctuary Advisors LLC acquired a new stake in shares of TD SYNNEX Corporation (NYSE:SNX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,141 shares of the business services provider’s stock, valued at approximately $2,979,000.

A number of other hedge funds have also recently bought and sold shares of the company. Bell Investment Advisors Inc purchased a new stake in TD SYNNEX in the 2nd quarter worth approximately $27,000. Ossiam lifted its stake in shares of 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 period. Aster Capital Management DIFC Ltd acquired a new stake in shares of TD SYNNEX during the fourth quarter worth $28,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of TD SYNNEX during the third quarter worth $30,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in shares of TD SYNNEX in the fourth quarter valued at $32,000. Institutional investors and hedge funds own 84.00% of the company’s stock.

Insider Activity

In other news, Director Richard T. Hume sold 5,000 shares of TD SYNNEX stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $242.97, for a total value of $1,214,850.00. Following the transaction, the director directly owned 18,537 shares of the company’s stock, valued at $4,503,934.89. The trade was a 21.24% decrease in their position. The transaction was disclosed in a document filed 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 business’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $256.05, for a total value of $325,951.65. Following the sale, the director owned 5,828 shares of the company’s stock, valued at $1,492,259.40. The trade was a 17.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 16,273 shares of company stock worth $4,253,752 over the last ninety days. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Royal Bank Of Canada set a $340.00 target price on TD SYNNEX in a research note on Friday, June 26th. JPMorgan Chase & Co. upgraded TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 price target for the company in a report on Wednesday, May 27th. Barrington Research upped their price objective on shares of TD SYNNEX from $202.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, June 26th. Morgan Stanley increased their price objective on shares of TD SYNNEX from $341.00 to $374.00 and gave the stock an “overweight” rating in a report on Friday, June 26th. Finally, Zacks Research raised shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $294.67.

TD SYNNEX Trading Up 3.4%

SNX stock opened at $251.88 on Wednesday. The company has a market cap of $20.14 billion, a price-to-earnings ratio of 18.03, a PEG ratio of 0.69 and a beta of 1.44. 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 has a fifty day simple moving average of $256.53 and a 200-day simple moving average of $221.49. TD SYNNEX Corporation has a 52 week low of $142.22 and a 52 week high of $296.47.

TD SYNNEX (NYSE:SNX) last issued its earnings results on Thursday, June 25th. The business services provider reported $4.85 earnings per share for the quarter, topping 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 business had revenue of $19.57 billion for the quarter, compared to analyst estimates of $16.80 billion. During the same period last year, the company posted $2.99 EPS. The business’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 expect that TD SYNNEX Corporation will post 18.01 EPS for the current year.

TD SYNNEX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 17th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, July 17th. TD SYNNEX’s dividend payout ratio (DPR) is 13.74%.

TD SYNNEX Company 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.