Vise Technologies Inc. Acquires Shares of 7,825 TD SYNNEX Corporation $SNX

Vise Technologies Inc. bought a new stake in TD SYNNEX Corporation (NYSE:SNX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,825 shares of the business services provider’s stock, valued at approximately $1,062,000.

Several other hedge funds also recently bought and sold shares of SNX. Nuveen LLC bought a new position in shares of TD SYNNEX during the first quarter worth about $121,259,000. Metropolis Capital Ltd acquired a new position in TD SYNNEX in the 2nd quarter valued at about $115,168,000. JPMorgan Chase & Co. increased its holdings in shares of TD SYNNEX by 16.9% during the first quarter. JPMorgan Chase & Co. now owns 3,899,974 shares of the business services provider’s stock worth $405,441,000 after purchasing an additional 564,473 shares during the period. Boston Partners increased its holdings in TD SYNNEX by 321.6% in the 1st quarter. Boston Partners now owns 591,958 shares of the business services provider’s stock valued at $61,547,000 after buying an additional 451,567 shares during the period. Finally, Abrams Bison Investments LLC lifted its position in shares of TD SYNNEX by 19.4% during the 1st quarter. Abrams Bison Investments LLC now owns 2,683,000 shares of the business services provider’s stock worth $278,925,000 after buying an additional 435,000 shares during the last quarter. 84.00% of the stock is currently owned by institutional investors and hedge funds.

TD SYNNEX Stock Performance

SNX stock traded down $1.06 during midday trading on Thursday, hitting $151.67. 12,298 shares of the stock traded hands, compared to its average volume of 768,579. TD SYNNEX Corporation has a 1-year low of $92.23 and a 1-year high of $167.76. The firm has a market cap of $12.35 billion, a P/E ratio of 16.48, a PEG ratio of 1.19 and a beta of 1.41. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.20 and a quick ratio of 0.71. The stock’s fifty day simple moving average is $154.44 and its 200-day simple moving average is $141.19.

TD SYNNEX (NYSE:SNX) last issued its 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 company 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%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $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 earnings per share for the current year.

TD SYNNEX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 17th were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, October 17th. This represents a $1.76 annualized dividend and a dividend yield of 1.2%. TD SYNNEX’s dividend payout ratio (DPR) is presently 19.09%.

Insider Transactions at TD SYNNEX

In other TD SYNNEX news, insider Alim Dhanji sold 1,762 shares of the 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 completion of the sale, the insider owned 13,426 shares of the company’s stock, valued at $2,074,988.30. This trade represents a 11.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Merline Saintil sold 336 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $155.79, for a total value of $52,345.44. Following the transaction, the director owned 7,330 shares of the company’s stock, valued at approximately $1,141,940.70. The trade was a 4.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 14,632 shares of company stock valued at $2,264,033. 1.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Barclays upped their target price on TD SYNNEX from $140.00 to $164.00 and gave the company an “equal weight” rating in a research report on Friday, September 26th. Wall Street Zen lowered TD SYNNEX from a “buy” rating to a “hold” rating in a report on Monday, November 3rd. Bank of America increased their price objective on shares of TD SYNNEX from $170.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, September 26th. Barrington Research boosted their price target on shares of TD SYNNEX from $156.00 to $182.00 and gave the company an “outperform” rating in a research report on Monday, September 29th. Finally, Raymond James Financial set a $175.00 target price on TD SYNNEX in a research note on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.