Versor Investments LP Has $313,000 Stake in TD SYNNEX Corporation $SNX

Versor Investments LP lessened its position in TD SYNNEX Corporation (NYSE:SNX) by 82.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,914 shares of the business services provider’s stock after selling 8,972 shares during the period. Versor Investments LP’s holdings in TD SYNNEX were worth $313,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new stake in TD SYNNEX during the 3rd quarter worth approximately $42,000. Caitong International Asset Management Co. Ltd bought a new position in shares of TD SYNNEX during the second quarter valued at $55,000. MAI Capital Management lifted its holdings in shares of TD SYNNEX by 90.2% during the second quarter. MAI Capital Management now owns 428 shares of the business services provider’s stock worth $58,000 after purchasing an additional 203 shares during the period. Hantz Financial Services Inc. grew its stake in shares of TD SYNNEX by 1,012.5% in the second quarter. Hantz Financial Services Inc. now owns 445 shares of the business services provider’s stock worth $60,000 after purchasing an additional 405 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in TD SYNNEX by 23.7% in the second quarter. Blue Trust Inc. now owns 543 shares of the business services provider’s stock valued at $74,000 after purchasing an additional 104 shares during the period. 84.00% of the stock is currently owned by institutional investors.

TD SYNNEX Trading Up 2.7%

Shares of SNX stock opened at $161.69 on Friday. The company has a market cap of $13.04 billion, a P/E ratio of 16.22, a PEG ratio of 1.13 and a beta of 1.38. The stock has a 50 day simple moving average of $155.41 and a two-hundred day simple moving average of $152.87. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.75 and a current ratio of 1.21. TD SYNNEX Corporation has a fifty-two week low of $92.23 and a fifty-two week high of $175.56.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings results on Thursday, January 8th. The business services provider reported $3.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.15. The firm had revenue of $17.38 billion for the quarter, compared to analysts’ expectations of $15.46 billion. TD SYNNEX had a return on equity of 12.60% and a net margin of 1.32%.The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the prior year, the business earned $3.09 EPS. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. Research analysts forecast that TD SYNNEX Corporation will post 11.88 earnings per share for the current year.

TD SYNNEX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 16th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.2%. This is an increase from TD SYNNEX’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Friday, January 16th. TD SYNNEX’s payout ratio is presently 19.26%.

Insider Activity

In related news, Director Richard T. Hume sold 25,000 shares of the business’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $160.67, for a total value of $4,016,750.00. Following the completion of the sale, the director directly owned 47,515 shares of the company’s stock, valued at $7,634,235.05. The trade was a 34.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Merline Saintil sold 168 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $153.38, for a total value of $25,767.84. Following the transaction, the director directly owned 7,162 shares in the company, valued at approximately $1,098,507.56. This trade represents a 2.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 85,916 shares of company stock worth $13,871,759. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TD SYNNEX in a report on Wednesday, January 21st. Zacks Research downgraded TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. Royal Bank Of Canada reiterated an “outperform” rating on shares of TD SYNNEX in a report on Monday, December 22nd. Barrington Research reissued an “outperform” rating and set a $182.00 target price on shares of TD SYNNEX in a research report on Friday, January 9th. Finally, Barclays lowered their price target on shares of TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating for the company in a report on Friday, January 9th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $170.64.

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.