TD SYNNEX Corporation $SNX Shares Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management boosted its holdings in TD SYNNEX Corporation (NYSE:SNX) by 120.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,058 shares of the business services provider’s stock after purchasing an additional 2,768 shares during the quarter. Ritholtz Wealth Management’s holdings in TD SYNNEX were worth $853,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SNX. Norges Bank acquired a new position in TD SYNNEX during the 4th quarter valued at about $148,559,000. Alyeska Investment Group L.P. bought a new position in shares of TD SYNNEX in the third quarter valued at approximately $135,631,000. AQR Capital Management LLC increased its stake in shares of TD SYNNEX by 141.8% during the fourth quarter. AQR Capital Management LLC now owns 934,772 shares of the business services provider’s stock valued at $140,431,000 after acquiring an additional 548,180 shares during the period. Victory Capital Management Inc. raised its holdings in TD SYNNEX by 123.6% during the third quarter. Victory Capital Management Inc. now owns 728,321 shares of the business services provider’s stock worth $119,263,000 after purchasing an additional 402,573 shares in the last quarter. Finally, Wedge Capital Management L L P NC bought a new stake in TD SYNNEX during the fourth quarter worth approximately $60,104,000. Institutional investors and hedge funds own 84.00% of the company’s stock.

Insider Buying and Selling at TD SYNNEX

In other news, CFO David Gregory Jordan sold 3,225 shares of the stock in a transaction on Monday, April 6th. The stock was sold at an average price of $189.46, for a total value of $611,008.50. Following the completion of the sale, the chief financial officer owned 14,035 shares in the company, valued at $2,659,071.10. This represents a 18.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Miriam Anne Murphy sold 3,025 shares of the firm’s stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $200.14, for a total value of $605,423.50. Following the completion of the sale, the insider directly owned 10,820 shares of the company’s stock, valued at approximately $2,165,514.80. This trade represents a 21.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 21,250 shares of company stock valued at $4,935,282 in the last three months. 0.70% of the stock is currently owned by company insiders.

TD SYNNEX Stock Performance

Shares of SNX opened at $269.86 on Tuesday. The company has a 50-day moving average of $251.00 and a two-hundred day moving average of $193.25. The stock has a market cap of $21.69 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 0.94 and a beta of 1.43. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.20 and a quick ratio of 0.64. TD SYNNEX Corporation has a one year low of $133.78 and a one year high of $296.47.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings results on Thursday, June 25th. The business services provider reported $4.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.14 by $0.71. The business had revenue of $19.57 billion for the quarter, compared to analyst estimates of $16.80 billion. TD SYNNEX had a net margin of 1.63% and a return on equity of 15.37%. The firm’s revenue was up 31.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.99 earnings per share. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. On average, equities research analysts expect that TD SYNNEX Corporation will post 16.57 earnings per share for the current year.

TD SYNNEX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, July 17th. TD SYNNEX’s payout ratio is 13.74%.

Analyst Ratings Changes

A number of research firms recently issued reports on SNX. The Goldman Sachs Group set a $330.00 target price on TD SYNNEX in a report on Friday. Royal Bank Of Canada set a $340.00 price target on shares of TD SYNNEX in a research report on Friday. JPMorgan Chase & Co. raised TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 price target on the stock in a report on Wednesday, May 27th. Barrington Research increased their price objective on TD SYNNEX from $202.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Weiss Ratings lowered TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, June 17th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, TD SYNNEX presently has a consensus rating of “Moderate Buy” and an average price target of $290.11.

TD SYNNEX 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.