GSA Capital Partners LLP Takes $2.78 Million Position in TD SYNNEX Corporation $SNX

GSA Capital Partners LLP bought a new position in TD SYNNEX Corporation (NYSE:SNX) in the second quarter, HoldingsChannel reports. The firm bought 10,386 shares of the business services provider’s stock, valued at approximately $2,777,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Intech Investment Management LLC raised its stake in shares of TD SYNNEX by 38.4% in the fourth quarter. Intech Investment Management LLC now owns 21,578 shares of the business services provider’s stock valued at $3,242,000 after acquiring an additional 5,982 shares during the period. CWM LLC boosted its stake in shares of TD SYNNEX by 474.0% during the 4th quarter. CWM LLC now owns 7,095 shares of the business services provider’s stock worth $1,066,000 after purchasing an additional 5,859 shares during the period. R Squared Ltd bought a new position in TD SYNNEX during the 4th quarter valued at about $1,507,000. Weiss Asset Management LP purchased a new stake in TD SYNNEX in the 1st quarter worth about $4,435,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its position in TD SYNNEX by 44.6% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 67,521 shares of the business services provider’s stock worth $10,186,000 after purchasing an additional 20,815 shares during the period. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. UBS Group boosted their target price on TD SYNNEX from $310.00 to $352.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Weiss Ratings downgraded TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, June 17th. Barrington Research boosted their price objective on TD SYNNEX from $202.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, June 26th. Morgan Stanley upped their price objective on TD SYNNEX from $341.00 to $374.00 and gave the company an “overweight” rating in a research report on Friday, June 26th. Finally, JPMorgan Chase & Co. upgraded TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 target price on the stock in a research note on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $294.67.

Insider Transactions at TD SYNNEX

In other news, Director Ann F. Vezina sold 1,273 shares of the business’s stock in a transaction dated 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 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard T. Hume sold 5,000 shares of the business’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 sale, the director owned 13,537 shares of the company’s stock, valued at approximately $3,549,536.77. This represents a 26.97% decrease in their position. 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. Over the last ninety days, insiders sold 21,273 shares of company stock valued at $5,401,452. 0.70% of the stock is owned by insiders.

TD SYNNEX Stock Up 1.7%

Shares of NYSE:SNX opened at $258.79 on Friday. TD SYNNEX Corporation has a 52-week low of $142.22 and a 52-week high of $296.47. The stock has a market cap of $20.69 billion, a P/E ratio of 18.52, a price-to-earnings-growth ratio of 0.73 and a beta of 1.44. The business’s 50 day moving average is $259.82 and its 200 day moving average is $216.49. The company has a quick ratio of 0.64, a current ratio of 1.20 and a debt-to-equity ratio of 0.40.

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, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $16.80 billion. During the same period in the previous year, the company posted $2.99 EPS. TD SYNNEX’s 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. Sell-side analysts predict that TD SYNNEX Corporation will post 18.01 EPS for the current year.

TD SYNNEX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 17th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, July 17th. TD SYNNEX’s payout ratio is presently 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.