R Squared Ltd Trims Stock Position in TD SYNNEX Corporation $SNX

R Squared Ltd lessened its holdings in TD SYNNEX Corporation (NYSE:SNX) by 55.5% during the 1st quarter, Holdings Channel.com reports. The firm owned 4,464 shares of the business services provider’s stock after selling 5,566 shares during the period. R Squared Ltd’s holdings in TD SYNNEX were worth $753,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Sage Rhino Capital LLC bought a new stake in shares of TD SYNNEX during the 1st quarter valued at $214,000. Praxis Investment Management Inc. lifted its holdings in shares of TD SYNNEX by 36.2% in the first quarter. Praxis Investment Management Inc. now owns 2,289 shares of the business services provider’s stock worth $386,000 after buying an additional 609 shares in the last quarter. QRG Capital Management Inc. bought a new position in shares of TD SYNNEX during the 1st quarter valued at about $462,000. HB Wealth Management LLC grew its holdings in TD SYNNEX by 81.2% during the 1st quarter. HB Wealth Management LLC now owns 5,440 shares of the business services provider’s stock valued at $918,000 after buying an additional 2,438 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC grew its holdings in shares of TD SYNNEX by 4.1% in the first quarter. Turtle Creek Wealth Advisors LLC now owns 1,847 shares of the business services provider’s stock valued at $312,000 after purchasing an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 84.00% of the company’s stock.

TD SYNNEX Trading Down 0.2%

SNX stock traded down $0.40 during midday trading on Tuesday, reaching $238.52. The company’s stock had a trading volume of 674,189 shares, compared to its average volume of 827,860. TD SYNNEX Corporation has a 1 year low of $139.12 and a 1 year high of $296.47. The firm has a market capitalization of $19.08 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 0.69 and a beta of 1.43. The stock has a fifty day simple moving average of $254.25 and a two-hundred day simple moving average of $196.67. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.64 and a current ratio of 1.20.

TD SYNNEX (NYSE:SNX) last issued its earnings results on Thursday, June 25th. The business services provider reported $4.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.14 by $0.71. The firm had revenue of $19.57 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the firm earned $2.99 earnings per share. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. On average, equities research analysts predict that TD SYNNEX Corporation will post 18.02 EPS for the current year.

TD SYNNEX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, July 17th. TD SYNNEX’s dividend payout ratio is currently 13.74%.

Wall Street Analysts Forecast Growth

SNX has been the subject of several recent research reports. Royal Bank Of Canada set a $340.00 price target on TD SYNNEX in a research report on Friday, June 26th. Barrington Research raised their price objective on TD SYNNEX from $202.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, June 26th. The Goldman Sachs Group set a $330.00 target price on TD SYNNEX in a research report on Friday, June 26th. Weiss Ratings downgraded TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, June 17th. Finally, UBS Group lifted their price objective on shares of TD SYNNEX from $310.00 to $352.00 and gave the stock a “buy” rating in a research note 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 assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $294.67.

Insider Transactions at TD SYNNEX

In other news, insider Miriam Anne Murphy sold 3,025 shares of the firm’s stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $200.14, for a total transaction of $605,423.50. Following the transaction, the insider directly owned 10,820 shares of the company’s stock, valued at approximately $2,165,514.80. This trade represents a 21.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard T. Hume sold 5,000 shares of TD SYNNEX stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $280.38, for a total transaction of $1,401,900.00. Following the sale, the director directly owned 23,537 shares of the company’s stock, valued at $6,599,304.06. This represents a 17.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 18,025 shares of company stock worth $4,324,274 over the last 90 days. Insiders own 0.70% of the company’s stock.

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.