Applied Finance Capital Management LLC Takes $278,000 Position in TD SYNNEX Corporation $SNX

Applied Finance Capital Management LLC purchased a new stake in TD SYNNEX Corporation (NYSE:SNX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 2,049 shares of the business services provider’s stock, valued at approximately $278,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Nordea Investment Management AB grew its position in TD SYNNEX by 3.2% in the second quarter. Nordea Investment Management AB now owns 928,628 shares of the business services provider’s stock worth $125,095,000 after acquiring an additional 28,701 shares in the last quarter. Praxis Investment Management Inc. acquired a new stake in shares of TD SYNNEX in the 2nd quarter valued at $228,000. Turtle Creek Wealth Advisors LLC bought a new stake in TD SYNNEX in the second quarter worth $241,000. Bayforest Capital Ltd acquired a new position in TD SYNNEX during the second quarter worth $478,000. Finally, Morningstar Investment Management LLC bought a new position in TD SYNNEX during the second quarter valued at about $255,000. Institutional investors own 84.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. UBS Group increased their price objective on TD SYNNEX from $154.00 to $187.00 and gave the company a “buy” rating in a report on Monday, September 29th. Wall Street Zen downgraded TD SYNNEX from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings reissued a “buy (b-)” rating on shares of TD SYNNEX in a research report on Wednesday, October 8th. Zacks Research upgraded TD SYNNEX from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. increased their target price on shares of TD SYNNEX from $143.00 to $160.00 and gave the company a “neutral” rating in a research note on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $169.55.

Insider Activity at TD SYNNEX

In other news, Director Richard T. Hume sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $155.90, for a total transaction of $779,500.00. Following the transaction, the director directly owned 62,515 shares in the company, valued at approximately $9,746,088.50. This represents a 7.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ann F. Vezina sold 812 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $150.42, for a total transaction of $122,141.04. Following the sale, the director directly owned 6,079 shares in the company, valued at $914,403.18. This trade represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 7,930 shares of company stock valued at $1,209,663. Insiders own 1.00% of the company’s stock.

TD SYNNEX Stock Down 1.2%

Shares of SNX opened at $153.17 on Friday. The company has a market capitalization of $12.47 billion, a P/E ratio of 16.61, a PEG ratio of 1.19 and a beta of 1.43. TD SYNNEX Corporation has a one year low of $92.23 and a one year high of $167.76. The business’s 50 day simple moving average is $152.54 and its 200-day simple moving average is $134.69. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.20 and a quick ratio of 0.71.

TD SYNNEX (NYSE:SNX) last issued 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). The business had revenue of $15.65 billion during the quarter, compared to the consensus estimate of $15.11 billion. TD SYNNEX had a net margin of 1.27% and a return on equity of 12.13%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.86 EPS. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. As a group, sell-side analysts predict that TD SYNNEX Corporation will post 11.88 EPS for the current fiscal year.

TD SYNNEX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, October 17th. TD SYNNEX’s dividend payout ratio (DPR) is presently 19.09%.

TD SYNNEX 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.