Wedge Capital Management L L P NC Has $77.81 Million Position in TD SYNNEX Corporation $SNX

Wedge Capital Management L L P NC cut its holdings in TD SYNNEX Corporation (NYSE:SNX) by 24.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 291,043 shares of the business services provider’s stock after selling 95,860 shares during the quarter. TD SYNNEX comprises approximately 1.3% of Wedge Capital Management L L P NC’s holdings, making the stock its 14th largest position. Wedge Capital Management L L P NC owned about 0.36% of TD SYNNEX worth $77,807,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Ossiam lifted its stake in shares of TD SYNNEX by 84.3% in the 3rd quarter. Ossiam now owns 164 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 75 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in TD SYNNEX during the fourth quarter worth $28,000. Measured Wealth Private Client Group LLC acquired a new position in TD SYNNEX during the third quarter worth $30,000. Lloyd Advisory Services LLC. bought a new position in TD SYNNEX during the fourth quarter valued at about $32,000. Finally, SJS Investment Consulting Inc. lifted its position in shares of TD SYNNEX by 44.6% in the first quarter. SJS Investment Consulting Inc. now owns 201 shares of the business services provider’s stock worth $34,000 after buying an additional 62 shares during the last quarter. 84.00% of the stock is owned by institutional investors.

Insider Transactions at TD SYNNEX

In other news, Director Richard T. Hume sold 5,000 shares of the stock in a transaction that occurred on 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 transaction, the director directly owned 18,537 shares of the company’s stock, valued at approximately $4,503,934.89. This represents a 21.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible 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 business’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $256.05, for a total value of $325,951.65. Following the completion of the sale, the director directly owned 5,828 shares in the company, valued at approximately $1,492,259.40. This represents a 17.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 21,273 shares of company stock valued at $5,401,452. Corporate insiders own 0.70% of the company’s stock.

TD SYNNEX Stock Performance

Shares of NYSE SNX opened at $254.02 on Wednesday. The business has a fifty day simple moving average of $260.94 and a 200 day simple moving average of $214.75. The company has a current ratio of 1.20, a quick ratio of 0.64 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $20.31 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 0.72 and a beta of 1.44. TD SYNNEX Corporation has a one year low of $142.22 and a one year high of $296.47.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings results on Thursday, June 25th. The business services provider reported $4.85 earnings per share for the quarter, topping analysts’ consensus estimates of $4.14 by $0.71. The firm had revenue of $19.57 billion for the quarter, compared to the consensus estimate of $16.80 billion. TD SYNNEX had a net margin of 1.63% and a return on equity of 15.37%. The business’s revenue was up 31.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.99 earnings per share. 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 EPS for the current year.

TD SYNNEX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 17th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, July 17th. TD SYNNEX’s dividend payout ratio is 13.74%.

Analyst Ratings Changes

Several analysts have recently issued reports on SNX shares. Barclays upped their price target on TD SYNNEX from $237.00 to $278.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 2nd. Zacks Research upgraded TD SYNNEX from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Morgan Stanley lifted their price target on shares of TD SYNNEX from $341.00 to $374.00 and gave the company an “overweight” rating in a research report on Friday, June 26th. JPMorgan Chase & Co. upgraded shares of TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 price objective for the company in a research note on Wednesday, May 27th. Finally, UBS Group upped their price objective on shares of TD SYNNEX from $310.00 to $352.00 and gave the stock a “buy” rating in a report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $294.67.

TD SYNNEX Company 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.