Quantinno Capital Management LP Grows Stake in TD SYNNEX Corporation $SNX

Quantinno Capital Management LP raised its stake in shares of TD SYNNEX Corporation (NYSE:SNX) by 28.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,240 shares of the business services provider’s stock after purchasing an additional 14,302 shares during the period. Quantinno Capital Management LP’s holdings in TD SYNNEX were worth $11,007,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Intech Investment Management LLC boosted its stake in TD SYNNEX by 38.4% during the fourth quarter. Intech Investment Management LLC now owns 21,578 shares of the business services provider’s stock worth $3,242,000 after buying an additional 5,982 shares during the period. R Squared Ltd bought a new stake in shares of TD SYNNEX in the 4th quarter worth about $1,507,000. CWM LLC boosted its stake in shares of TD SYNNEX by 474.0% during the 4th quarter. CWM LLC now owns 7,095 shares of the business services provider’s stock worth $1,066,000 after purchasing an additional 5,859 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of TD SYNNEX by 44.6% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 67,521 shares of the business services provider’s stock worth $10,186,000 after purchasing an additional 20,815 shares during the period. Finally, Teacher Retirement System of Texas grew its holdings in TD SYNNEX by 138.6% during the 4th quarter. Teacher Retirement System of Texas now owns 59,168 shares of the business services provider’s stock valued at $8,889,000 after purchasing an additional 34,374 shares during the last quarter. 84.00% of the stock is owned by institutional investors.

TD SYNNEX Stock Down 0.8%

Shares of NYSE SNX opened at $253.65 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.64 and a current ratio of 1.20. The firm has a market capitalization of $20.28 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 0.72 and a beta of 1.44. The stock has a 50 day moving average price of $260.93 and a 200 day moving average price of $210.18. TD SYNNEX Corporation has a 52-week low of $139.23 and a 52-week high of $296.47.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings data on Thursday, June 25th. The business services provider reported $4.85 EPS for the quarter, topping the consensus estimate of $4.14 by $0.71. The company had revenue of $19.57 billion for the quarter, compared to the consensus estimate of $16.80 billion. TD SYNNEX had a return on equity of 15.37% and a net margin of 1.63%.TD SYNNEX’s quarterly revenue was up 31.0% on a year-over-year basis. During the same period last year, the business posted $2.99 EPS. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Sell-side analysts expect that TD SYNNEX Corporation will post 18.01 earnings per share for the current year.

TD SYNNEX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 17th were paid a dividend of $0.48 per share. The ex-dividend date was Friday, July 17th. This represents a $1.92 annualized dividend and a dividend yield of 0.8%. TD SYNNEX’s dividend payout ratio (DPR) is currently 13.74%.

Insider Activity

In related news, Director Richard T. Hume sold 5,000 shares of TD SYNNEX stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $242.97, for a total value of $1,214,850.00. Following the completion of the sale, the director directly owned 18,537 shares in the company, valued at $4,503,934.89. The trade was a 21.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ann F. Vezina sold 1,273 shares of the company’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $256.05, for a total transaction of $325,951.65. Following the completion of the sale, the director directly owned 5,828 shares of the company’s stock, valued at approximately $1,492,259.40. This trade represents a 17.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 16,273 shares of company stock valued at $4,090,402 over the last 90 days. 0.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on SNX shares. Zacks Research raised shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Barrington Research raised their price target on TD SYNNEX from $202.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, June 26th. The Goldman Sachs Group set a $330.00 price objective on TD SYNNEX in a report on Friday, June 26th. Barclays upped their price objective on TD SYNNEX from $237.00 to $278.00 and gave the company an “equal weight” rating in a research report on Thursday, July 2nd. Finally, UBS Group lifted their target price on TD SYNNEX from $310.00 to $352.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $294.67.

About TD SYNNEX

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.