One Wealth Advisors LLC Acquires Shares of 2,047 TD SYNNEX Corporation $SNX

One Wealth Advisors LLC acquired a new position in shares of TD SYNNEX Corporation (NYSE:SNX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,047 shares of the business services provider’s stock, valued at approximately $547,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ossiam lifted its position in shares of TD SYNNEX by 84.3% during the third quarter. Ossiam now owns 164 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 75 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in TD SYNNEX in the 4th quarter worth about $28,000. Measured Wealth Private Client Group LLC purchased a new stake in TD SYNNEX in the 3rd quarter valued at about $30,000. Lloyd Advisory Services LLC. purchased a new stake in TD SYNNEX in the 4th quarter valued at about $32,000. Finally, SJS Investment Consulting Inc. lifted its position in shares of TD SYNNEX by 44.6% during the 1st quarter. SJS Investment Consulting Inc. now owns 201 shares of the business services provider’s stock worth $34,000 after buying an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 84.00% of the company’s stock.

TD SYNNEX Stock Up 1.7%

SNX opened at $258.79 on Friday. 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 has a market cap of $20.69 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 0.73 and a beta of 1.44. TD SYNNEX Corporation has a twelve month low of $142.22 and a twelve month high of $296.47. The company’s 50-day moving average price is $259.82 and its two-hundred day moving average price is $216.49.

TD SYNNEX (NYSE:SNX) last released 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 net margin of 1.63% and a return on equity of 15.37%. The firm had revenue of $19.57 billion during the quarter, compared to the consensus estimate of $16.80 billion. During the same period in the prior year, the firm earned $2.99 EPS. The company’s revenue was up 31.0% compared to the same quarter last year. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. As a group, equities analysts expect that TD SYNNEX Corporation will post 18.01 earnings per share for the current year.

TD SYNNEX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 17th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, July 17th. TD SYNNEX’s dividend payout ratio is 13.74%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Barrington Research boosted their target price on TD SYNNEX from $202.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, June 26th. Morgan Stanley lifted their price target on TD SYNNEX from $341.00 to $374.00 and gave the stock an “overweight” rating in a report on Friday, June 26th. The Goldman Sachs Group set a $330.00 price objective on TD SYNNEX in a research report on Friday, June 26th. JPMorgan Chase & Co. upgraded TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 price objective for the company in a research note on Wednesday, May 27th. Finally, Weiss Ratings lowered TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $294.67.

Insiders Place Their Bets

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 stock was sold at an average price of $256.05, for a total value of $325,951.65. Following the sale, the director directly owned 5,828 shares in the company, valued at $1,492,259.40. The trade was a 17.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard T. Hume sold 5,000 shares of the company’s stock in a transaction 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 transaction, the director directly owned 13,537 shares in the company, valued at $3,549,536.77. This represents a 26.97% decrease in their position. 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 sold 21,273 shares of company stock valued at $5,401,452 over the last three months. Company insiders own 0.70% of the company’s stock.

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.