California Public Employees Retirement System Has $37.41 Million Stake in TD SYNNEX Corporation $SNX

California Public Employees Retirement System reduced its stake in TD SYNNEX Corporation (NYSE:SNX) by 22.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 275,671 shares of the business services provider’s stock after selling 80,324 shares during the quarter. California Public Employees Retirement System’s holdings in TD SYNNEX were worth $37,409,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SNX. Federated Hermes Inc. raised its holdings in TD SYNNEX by 1.8% in the 2nd quarter. Federated Hermes Inc. now owns 215,390 shares of the business services provider’s stock valued at $29,228,000 after acquiring an additional 3,736 shares in the last quarter. Gabelli Funds LLC acquired a new stake in shares of TD SYNNEX during the 2nd quarter worth $2,038,000. Gamco Investors INC. ET AL acquired a new position in TD SYNNEX in the second quarter valued at about $640,000. Jump Financial LLC lifted its position in TD SYNNEX by 412.4% during the second quarter. Jump Financial LLC now owns 10,247 shares of the business services provider’s stock worth $1,391,000 after purchasing an additional 8,247 shares during the period. Finally, Marshall Wace LLP bought a new stake in TD SYNNEX during the second quarter worth about $813,000. Institutional investors and hedge funds own 84.00% of the company’s stock.

Wall Street Analyst Weigh In

SNX has been the subject of several recent analyst reports. UBS Group raised their target price on TD SYNNEX from $154.00 to $187.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Royal Bank Of Canada raised their target price on TD SYNNEX from $165.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, September 26th. Barrington Research lifted their price target on shares of TD SYNNEX from $156.00 to $182.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. Zacks Research upgraded shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of TD SYNNEX in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $169.55.

Insiders Place Their Bets

In other TD SYNNEX news, Director Richard T. Hume sold 5,000 shares of TD SYNNEX stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $152.11, for a total transaction of $760,550.00. Following the completion of the sale, the director owned 52,515 shares of the company’s stock, valued at $7,988,056.65. The trade was a 8.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Alim Dhanji sold 1,762 shares of the company’s stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $154.55, for a total value of $272,317.10. Following the completion of the transaction, the insider owned 13,426 shares of the company’s stock, valued at $2,074,988.30. The trade was a 11.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 19,800 shares of company stock worth $3,050,350. 1.00% of the stock is owned by corporate insiders.

TD SYNNEX Trading Up 1.1%

Shares of SNX stock opened at $156.01 on Thursday. TD SYNNEX Corporation has a 52-week low of $92.23 and a 52-week high of $167.76. The business’s fifty day moving average is $153.33 and its 200 day moving average is $145.71. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.71 and a current ratio of 1.20. The company has a market capitalization of $12.71 billion, a PE ratio of 16.92, a price-to-earnings-growth ratio of 1.07 and a beta of 1.36.

TD SYNNEX (NYSE:SNX) last announced its earnings results on Thursday, September 25th. The business services provider reported $3.58 earnings per share for the quarter, topping analysts’ consensus estimates of $3.05 by $0.53. The business had revenue of $15.65 billion for the quarter, compared to analyst estimates of $15.11 billion. TD SYNNEX had a return on equity of 12.13% and a net margin of 1.27%.The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.86 EPS. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. On average, equities research analysts anticipate that TD SYNNEX Corporation will post 11.88 EPS for the current fiscal year.

TD SYNNEX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 17th were given a dividend of $0.44 per share. The ex-dividend date was Friday, October 17th. This represents a $1.76 annualized dividend and a yield of 1.1%. TD SYNNEX’s payout ratio is presently 19.09%.

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.