J. Goldman & Co LP Buys Shares of 13,199 TD SYNNEX Corporation $SNX

J. Goldman & Co LP purchased a new stake in shares of TD SYNNEX Corporation (NYSE:SNX) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 13,199 shares of the business services provider’s stock, valued at approximately $3,529,000.

Other large investors also recently modified their holdings of the company. BlackRock Inc. bought a new stake in TD SYNNEX during the 2nd quarter worth approximately $1,958,683,000. State Street Corp boosted its holdings in TD SYNNEX by 0.4% in the 3rd quarter. State Street Corp now owns 2,372,733 shares of the business services provider’s stock valued at $388,535,000 after purchasing an additional 9,024 shares during the period. LSV Asset Management grew its position in shares of TD SYNNEX by 16.1% during the 4th quarter. LSV Asset Management now owns 2,086,604 shares of the business services provider’s stock valued at $313,471,000 after purchasing an additional 288,625 shares in the last quarter. Geode Capital Management LLC grew its position in shares of TD SYNNEX by 6.9% during the 4th quarter. Geode Capital Management LLC now owns 1,532,784 shares of the business services provider’s stock valued at $230,315,000 after purchasing an additional 99,090 shares in the last quarter. Finally, Metropolis Capital Ltd increased its holdings in shares of TD SYNNEX by 9.5% in the first quarter. Metropolis Capital Ltd now owns 1,281,307 shares of the business services provider’s stock worth $216,169,000 after purchasing an additional 111,222 shares during the period. 84.00% of the stock is currently owned by institutional investors.

TD SYNNEX Trading Up 3.4%

NYSE SNX opened at $251.88 on Wednesday. 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 stock’s 50-day simple moving average is $256.53 and its two-hundred day simple moving average is $221.49. TD SYNNEX Corporation has a twelve month low of $142.22 and a twelve month high of $296.47. The company has a market capitalization of $20.14 billion, a price-to-earnings ratio of 18.03, a PEG ratio of 0.69 and a beta of 1.44.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings data on Thursday, June 25th. The business services provider reported $4.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.14 by $0.71. The firm had revenue of $19.57 billion during the quarter, compared to analysts’ expectations of $16.80 billion. TD SYNNEX had a return on equity of 15.37% and a net margin of 1.63%.The company’s revenue for the quarter was up 31.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.99 EPS. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Research analysts forecast that TD SYNNEX Corporation will post 18.01 EPS 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 given 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 dividend payout ratio (DPR) is presently 13.74%.

Insider Activity at TD SYNNEX

In other TD SYNNEX news, Director Ann F. Vezina sold 1,273 shares of the business’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $256.05, for a total value of $325,951.65. Following the completion of the sale, the director directly owned 5,828 shares of the company’s stock, valued at $1,492,259.40. The trade was a 17.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard T. Hume sold 5,000 shares of the company’s stock in a transaction dated 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 owned 18,537 shares of the company’s stock, valued at approximately $4,503,934.89. The trade was a 21.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 16,273 shares of company stock worth $4,253,752 over the last three months. Insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SNX shares. The Goldman Sachs Group set a $330.00 price objective on TD SYNNEX in a research note on Friday, June 26th. JPMorgan Chase & Co. raised TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 price target on the stock in a report on Wednesday, May 27th. Barclays lifted their price target on TD SYNNEX from $237.00 to $278.00 and gave the company an “equal weight” rating in a research report on Thursday, July 2nd. Royal Bank Of Canada set a $340.00 price objective on TD SYNNEX in a report on Friday, June 26th. Finally, UBS Group raised their target price on shares of TD SYNNEX from $310.00 to $352.00 and gave the company a “buy” rating in a research note on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $294.67.

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.