Horizon Investment Services LLC Invests $2.64 Million in TD SYNNEX Corporation $SNX

Horizon Investment Services LLC acquired a new position in TD SYNNEX Corporation (NYSE:SNX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,863 shares of the business services provider’s stock, valued at approximately $2,637,000.

Several other institutional investors have also added to or reduced their stakes in SNX. Ossiam increased its stake in shares of TD SYNNEX by 84.3% in the third quarter. Ossiam now owns 164 shares of the business services provider’s stock worth $27,000 after purchasing an additional 75 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of TD SYNNEX during the 4th quarter valued at approximately $28,000. Measured Wealth Private Client Group LLC bought a new position in TD SYNNEX in the 3rd quarter worth approximately $30,000. Lloyd Advisory Services LLC. purchased a new position in TD SYNNEX in the 4th quarter valued at approximately $32,000. Finally, SJS Investment Consulting Inc. grew its stake in TD SYNNEX by 44.6% in the 1st quarter. SJS Investment Consulting Inc. now owns 201 shares of the business services provider’s stock valued at $34,000 after buying an additional 62 shares in the last quarter. 84.00% of the stock is owned by hedge funds and other institutional investors.

TD SYNNEX Stock Performance

TD SYNNEX stock opened at $258.79 on Monday. TD SYNNEX Corporation has a 1-year low of $142.22 and a 1-year high of $296.47. The company has a current ratio of 1.20, a quick ratio of 0.64 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $20.69 billion, a PE ratio of 18.52, a price-to-earnings-growth ratio of 0.73 and a beta of 1.44. The firm’s 50 day simple moving average is $259.82 and its 200 day simple moving average is $216.92.

TD SYNNEX (NYSE:SNX) last announced its quarterly earnings results on Thursday, June 25th. The business services provider reported $4.85 EPS for the quarter, beating the consensus estimate of $4.14 by $0.71. The firm had revenue of $19.57 billion during the quarter, compared to the consensus estimate of $16.80 billion. TD SYNNEX had a net margin of 1.63% and a return on equity of 15.37%. The business’s quarterly revenue was up 31.0% compared to the same quarter last year. During the same period last year, the firm earned $2.99 EPS. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. As a group, analysts expect that TD SYNNEX Corporation will post 18.01 earnings per share for the current fiscal year.

TD SYNNEX Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have issued reports on SNX. The Goldman Sachs Group set a $330.00 target price on TD SYNNEX in a research report on Friday, June 26th. UBS Group lifted their price target on TD SYNNEX from $310.00 to $352.00 and gave the company a “buy” rating 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 on the stock in a research note on Wednesday, May 27th. Barrington Research increased their price objective on TD SYNNEX from $202.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, June 26th. Finally, Morgan Stanley raised their target price on TD SYNNEX from $341.00 to $374.00 and gave the stock an “overweight” 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 stock currently has an average rating of “Buy” and a consensus price target of $294.67.

Insider Buying and Selling at TD SYNNEX

In related news, Director Richard T. Hume sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $262.21, for a total transaction of $1,311,050.00. Following the completion of the transaction, the director directly owned 13,537 shares in the company, valued at $3,549,536.77. The trade was a 26.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ann F. Vezina sold 1,273 shares of the company’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 completion of the transaction, the director owned 5,828 shares in the company, valued at $1,492,259.40. This represents a 17.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 16,273 shares of company stock valued at $4,253,752 in the last three months. 0.70% of the stock is owned by corporate insiders.

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.