Fulcrum Asset Management LLP Makes New $2.37 Million Investment in TD SYNNEX Corporation $SNX

Fulcrum Asset Management LLP acquired a new position in TD SYNNEX Corporation (NYSE:SNX) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 9,188 shares of the business services provider’s stock, valued at approximately $2,372,000.

Several other hedge funds have also modified their holdings of the company. BlackRock Inc. purchased a new position in shares of TD SYNNEX in the 2nd quarter valued at about $1,958,683,000. Ninety One UK Ltd raised its holdings in TD SYNNEX by 9.8% in the 3rd quarter. Ninety One UK Ltd now owns 1,810,800 shares of the business services provider’s stock worth $465,104,000 after purchasing an additional 162,116 shares during the period. Bank of New York Mellon Corp purchased a new position in TD SYNNEX during the second quarter worth approximately $149,728,000. Metropolis Capital Ltd boosted its position in TD SYNNEX by 44.6% during the third quarter. Metropolis Capital Ltd now owns 524,865 shares of the business services provider’s stock worth $134,812,000 after purchasing an additional 161,902 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in TD SYNNEX by 8.1% in the first quarter. Principal Financial Group Inc. now owns 684,004 shares of the business services provider’s stock valued at $115,406,000 after purchasing an additional 51,303 shares during the period. 84.00% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TD SYNNEX

In other news, insider Alim Dhanji sold 3,775 shares of the stock in a transaction on Thursday, October 22nd. The stock was sold at an average price of $241.01, for a total transaction of $909,812.75. Following the completion of the transaction, the insider directly owned 11,712 shares in the company, valued at approximately $2,822,709.12. This represents a 24.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Weiss Ratings downgraded TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, October 23rd. Zacks Research upgraded shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 29th. UBS Group increased their price objective on shares of TD SYNNEX from $352.00 to $379.00 and gave the company a “buy” rating in a report on Friday, September 25th. Barclays lifted their target price on shares of TD SYNNEX from $278.00 to $287.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 8th. Finally, Morgan Stanley boosted their target price on shares of TD SYNNEX from $334.00 to $359.00 and gave the stock an “overweight” rating in a research note on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, TD SYNNEX has a consensus rating of “Buy” and a consensus target price of $331.14.

TD SYNNEX Trading Up 1.9%

Shares of SNX stock opened at $232.61 on Wednesday. The company’s 50-day moving average price is $256.85 and its 200-day moving average price is $228.17. The company has a current ratio of 1.19, a quick ratio of 0.64 and a debt-to-equity ratio of 0.39. The stock has a market cap of $18.56 billion, a price-to-earnings ratio of 14.18, a PEG ratio of 0.45 and a beta of 1.43. TD SYNNEX Corporation has a twelve month low of $142.22 and a twelve month high of $298.77.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings data on Thursday, September 24th. The business services provider reported $5.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.70 by $0.98. The firm had revenue of $21.56 billion during the quarter, compared to analysts’ expectations of $18.91 billion. TD SYNNEX had a net margin of 1.75% and a return on equity of 16.78%. TD SYNNEX’s revenue was up 37.7% compared to the same quarter last year. During the same period last year, the business earned $3.58 earnings per share. TD SYNNEX has set its Q4 2026 guidance at 5.650-6.150 EPS. As a group, equities analysts predict that TD SYNNEX Corporation will post 20.35 earnings per share for the current year.

TD SYNNEX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Friday, October 16th were given a $0.48 dividend. The ex-dividend date was Friday, October 16th. This represents a $1.92 dividend on an annualized basis and a yield of 0.8%. TD SYNNEX’s payout ratio is currently 11.70%.

TD SYNNEX Company Profile

TD SYNNEX is a global distributor and solutions aggregator serving the information technology industry. The company connects technology vendors with channel partners, including resellers, systems integrators, managed service providers and retailers. Its offerings span hardware, software and services across areas such as cloud computing, cybersecurity, data center infrastructure, networking and end-user computing. TD SYNNEX also provides partners with services that can support technology deployment, integration and ongoing management.