Retirement Systems of Alabama Decreases Stake in TD SYNNEX Corporation $SNX

Retirement Systems of Alabama lowered its position in shares of TD SYNNEX Corporation (NYSE:SNX) by 0.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 91,289 shares of the business services provider’s stock after selling 409 shares during the quarter. Retirement Systems of Alabama’s holdings in TD SYNNEX were worth $12,388,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Hantz Financial Services Inc. boosted its holdings in TD SYNNEX by 1,012.5% in the 2nd quarter. Hantz Financial Services Inc. now owns 445 shares of the business services provider’s stock worth $60,000 after acquiring an additional 405 shares during the period. Whalen Wealth Management Inc. purchased a new position in TD SYNNEX in the 2nd quarter worth approximately $646,000. James Investment Research Inc. purchased a new position in TD SYNNEX in the 2nd quarter worth approximately $240,000. MQS Management LLC purchased a new position in TD SYNNEX in the 2nd quarter worth approximately $406,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in TD SYNNEX in the 2nd quarter worth approximately $55,000. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Insider Buying and Selling at TD SYNNEX

In related news, Director Ann F. Vezina sold 812 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The stock was 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 of the company’s stock, valued at approximately $914,403.18. This represents a 11.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Alim Dhanji sold 1,762 shares of the company’s stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $154.55, for a total value of $272,317.10. Following the sale, the insider directly owned 13,426 shares in the company, valued at approximately $2,074,988.30. This represents a 11.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 10,108 shares of company stock worth $1,564,778. 1.00% of the stock is owned by insiders.

TD SYNNEX Stock Performance

TD SYNNEX stock opened at $156.47 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 stock has a market cap of $12.74 billion, a P/E ratio of 16.97, a price-to-earnings-growth ratio of 1.19 and a beta of 1.43. TD SYNNEX Corporation has a 52 week low of $92.23 and a 52 week high of $167.76. The stock has a 50 day moving average of $153.86 and a 200-day moving average of $138.67.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings results 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 for the quarter, compared to analyst estimates of $15.11 billion. TD SYNNEX had a net margin of 1.27% and a return on equity of 12.13%. The business’s revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.86 earnings per share. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. On average, analysts expect that TD SYNNEX Corporation will post 11.88 EPS for the current fiscal year.

TD SYNNEX Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on TD SYNNEX from $143.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, July 17th. Zacks Research upgraded TD SYNNEX from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Morgan Stanley increased their target price on TD SYNNEX from $173.00 to $181.00 and gave the company an “overweight” rating in a research note on Friday, September 26th. Bank of America increased their target price on TD SYNNEX from $170.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, September 26th. Finally, Wall Street Zen upgraded TD SYNNEX from a “hold” rating to a “buy” rating in a research note on Sunday, October 26th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, TD SYNNEX currently has a consensus rating of “Moderate Buy” and a consensus target price of $169.55.

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.