New York State Teachers Retirement System Trims Holdings in TD SYNNEX Corporation $SNX

New York State Teachers Retirement System decreased its stake in shares of TD SYNNEX Corporation (NYSE:SNX) by 8.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 74,303 shares of the business services provider’s stock after selling 7,153 shares during the quarter. New York State Teachers Retirement System owned about 0.09% of TD SYNNEX worth $10,083,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in TD SYNNEX by 329.8% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 245 shares of the business services provider’s stock worth $25,000 after buying an additional 188 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in TD SYNNEX during the first quarter worth approximately $44,000. Quarry LP purchased a new position in TD SYNNEX during the first quarter worth approximately $51,000. SVB Wealth LLC purchased a new position in TD SYNNEX during the first quarter worth approximately $72,000. Finally, Blue Trust Inc. lifted its position in TD SYNNEX by 23.7% during the second quarter. Blue Trust Inc. now owns 543 shares of the business services provider’s stock worth $74,000 after buying an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Insider Buying and Selling

In related news, insider Alim Dhanji sold 1,257 shares of the business’s stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $142.41, for a total transaction of $179,009.37. Following the completion of the transaction, the insider directly owned 10,984 shares of the company’s stock, valued at $1,564,231.44. The trade was a 10.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard T. Hume sold 5,000 shares of the business’s stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $155.90, for a total value of $779,500.00. Following the transaction, the director directly owned 62,515 shares of the company’s stock, valued at $9,746,088.50. The trade was a 7.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,930 shares of company stock valued at $1,209,663. Company insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on SNX. The Goldman Sachs Group lifted 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. Barrington Research lifted their target price on TD SYNNEX from $156.00 to $182.00 and gave the company an “outperform” rating in a research report on Monday, September 29th. Loop Capital lifted 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. Raymond James Financial set a $175.00 target price on TD SYNNEX in a research report on Thursday, September 25th. Finally, Wall Street Zen downgraded TD SYNNEX from a “buy” rating to a “hold” rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $169.55.

TD SYNNEX Price Performance

SNX stock opened at $153.17 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.71 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $12.47 billion, a PE ratio of 16.61, a P/E/G ratio of 1.19 and a beta of 1.43. TD SYNNEX Corporation has a 12-month low of $92.23 and a 12-month high of $167.76. The business’s fifty day moving average price is $152.54 and its 200 day moving average price is $134.69.

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). The firm had revenue of $15.65 billion during the quarter, compared to analysts’ expectations of $15.11 billion. TD SYNNEX had a net margin of 1.27% and a return on equity of 12.13%. TD SYNNEX’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.86 EPS. 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 year.

TD SYNNEX Announces Dividend

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

About TD SYNNEX

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.