Leith Wheeler Investment Counsel Ltd. Takes Position in TD SYNNEX Corporation $SNX

Leith Wheeler Investment Counsel Ltd. acquired a new stake in shares of TD SYNNEX Corporation (NYSE:SNX) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 327,899 shares of the business services provider’s stock, valued at approximately $40,663,000. TD SYNNEX comprises 2.4% of Leith Wheeler Investment Counsel Ltd.’s investment portfolio, making the stock its 15th largest holding.

Other hedge funds have also recently made changes to their positions in the company. Voya Investment Management LLC increased its position in shares of TD SYNNEX by 27.4% in the 1st quarter. Voya Investment Management LLC now owns 33,490 shares of the business services provider’s stock valued at $3,482,000 after acquiring an additional 7,212 shares during the period. CX Institutional increased its position in shares of TD SYNNEX by 28.9% in the 2nd quarter. CX Institutional now owns 15,434 shares of the business services provider’s stock valued at $2,094,000 after acquiring an additional 3,457 shares during the period. Envestnet Asset Management Inc. increased its position in shares of TD SYNNEX by 36.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 75,778 shares of the business services provider’s stock valued at $7,878,000 after acquiring an additional 20,280 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of TD SYNNEX by 3.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,252 shares of the business services provider’s stock valued at $754,000 after acquiring an additional 244 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its position in TD SYNNEX by 11.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,361 shares of the business services provider’s stock worth $765,000 after purchasing an additional 785 shares during the period. 84.00% of the stock is owned by institutional investors and hedge funds.

TD SYNNEX Trading Down 3.2%

SNX stock opened at $151.54 on Monday. The company has a current ratio of 1.20, a quick ratio of 0.71 and a debt-to-equity ratio of 0.36. TD SYNNEX Corporation has a 12-month low of $92.23 and a 12-month high of $167.76. The stock has a market cap of $12.34 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 1.17 and a beta of 1.43. The business’s 50-day moving average is $151.37 and its 200 day moving average is $133.15.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings data on Thursday, September 25th. The business services provider reported $2.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.05 by ($0.31). TD SYNNEX had a return on equity of 12.13% and a net margin of 1.27%.The firm had revenue of $15.65 billion during the quarter, compared to analyst estimates of $15.11 billion. During the same quarter in the previous year, the firm posted $2.86 earnings per share. The company’s quarterly revenue was up 6.6% on a year-over-year basis. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. On average, sell-side analysts anticipate that TD SYNNEX Corporation will post 11.88 EPS for the current fiscal year.

TD SYNNEX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, October 17th. TD SYNNEX’s payout ratio is presently 19.09%.

Insider Buying and Selling

In related news, Director Ann F. Vezina sold 812 shares of TD SYNNEX stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $150.42, for a total value of $122,141.04. Following the sale, the director directly owned 6,079 shares in the company, valued at approximately $914,403.18. The trade was a 11.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Marshall Witt sold 861 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $149.84, for a total transaction of $129,012.24. Following the completion of the transaction, the chief financial officer directly owned 49,777 shares in the company, valued at $7,458,585.68. This trade represents a 1.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,930 shares of company stock worth $430,163. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SNX. UBS Group increased their price target on TD SYNNEX from $154.00 to $187.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Bank of America raised their target price on TD SYNNEX from $170.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, September 26th. Loop Capital raised their target price on TD SYNNEX from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, June 30th. Morgan Stanley raised their target price on TD SYNNEX from $173.00 to $181.00 and gave the company an “overweight” rating in a research report on Friday, September 26th. Finally, The Goldman Sachs Group raised their target price on TD SYNNEX from $145.00 to $164.00 and gave the company a “buy” rating in a research report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $169.55.

TD SYNNEX Company Profile

TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem. The company offers personal computing devices and peripherals, mobile phones and accessories, printers, supplies, and endpoint technology software; and data center technologies, such as hybrid cloud, security, storage, networking, servers, technology software, and converged and hyper-converged infrastructure, as well as computing components.