Cetera Trust Company N.A Purchases New Shares in TD SYNNEX Corporation $SNX

Cetera Trust Company N.A acquired a new stake in TD SYNNEX Corporation (NYSE:SNX) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,740 shares of the business services provider’s stock, valued at approximately $733,000.

Several other large investors have also recently added to or reduced their stakes in SNX. Bell Investment Advisors Inc acquired a new position in shares of TD SYNNEX in the second quarter valued at about $27,000. Compass Financial Management LLC acquired a new stake in TD SYNNEX in the 2nd quarter worth about $38,000. Ossiam boosted its holdings in TD SYNNEX by 84.3% in the 3rd quarter. Ossiam now owns 164 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 75 shares during the period. Measured Wealth Private Client Group LLC bought a new stake in TD SYNNEX in the 3rd quarter valued at about $30,000. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of TD SYNNEX during the 4th quarter worth approximately $28,000. Institutional investors own 84.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Barclays raised their target price on shares of TD SYNNEX from $237.00 to $278.00 and gave the stock an “equal weight” rating in a report on Thursday, July 2nd. Morgan Stanley increased their price target on TD SYNNEX from $341.00 to $374.00 and gave the stock an “overweight” rating in a research report on Friday, June 26th. UBS Group raised their price objective on TD SYNNEX from $310.00 to $352.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Zacks Research raised TD SYNNEX from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Finally, JPMorgan Chase & Co. upgraded TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 target price for the company in a research report on Wednesday, May 27th. 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 stock. According to MarketBeat.com, TD SYNNEX presently has a consensus rating of “Buy” and a consensus price target of $294.67.

Insiders Place Their Bets

In related news, Director Richard T. Hume sold 5,000 shares of the firm’s 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 sale, the director directly owned 18,537 shares of the company’s stock, valued at $4,503,934.89. This trade represents a 21.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through 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 TD SYNNEX 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 transaction, the director owned 5,828 shares in the company, valued at approximately $1,492,259.40. This represents a 17.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 16,273 shares of company stock valued at $4,253,752 in the last three months. 0.70% of the stock is owned by insiders.

TD SYNNEX Price Performance

SNX stock opened at $243.88 on Tuesday. The company’s 50-day moving average price is $257.12 and its two-hundred day moving average price is $220.87. The firm has a market cap of $19.50 billion, a P/E ratio of 17.46, a P/E/G ratio of 0.71 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. TD SYNNEX Corporation has a 12 month low of $142.22 and a 12 month high of $296.47.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings results on Thursday, June 25th. The business services provider reported $4.85 earnings per share for the quarter, topping analysts’ consensus estimates of $4.14 by $0.71. The company 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 firm’s quarterly revenue was up 31.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.99 EPS. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. On average, analysts anticipate that TD SYNNEX Corporation will post 18.01 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

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