Livforsakringsbolaget Skandia Omsesidigt Invests $6.88 Million in TD SYNNEX Corporation $SNX

Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of TD SYNNEX Corporation (NYSE:SNX) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 40,800 shares of the business services provider’s stock, valued at approximately $6,883,000.

Several other institutional investors also recently bought and sold shares of SNX. Intech Investment Management LLC grew its stake in shares of TD SYNNEX by 38.4% during the 4th quarter. Intech Investment Management LLC now owns 21,578 shares of the business services provider’s stock worth $3,242,000 after purchasing an additional 5,982 shares during the period. Algert Global LLC purchased a new position in shares of TD SYNNEX during the 3rd quarter valued at approximately $7,140,000. R Squared Ltd acquired a new position in shares of TD SYNNEX in the 4th quarter valued at $1,507,000. CWM LLC boosted its holdings in TD SYNNEX by 474.0% during the fourth quarter. CWM LLC now owns 7,095 shares of the business services provider’s stock worth $1,066,000 after buying an additional 5,859 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in TD SYNNEX by 138.6% during the fourth quarter. Teacher Retirement System of Texas now owns 59,168 shares of the business services provider’s stock worth $8,889,000 after buying an additional 34,374 shares in the last quarter. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at TD SYNNEX

In related news, Director Richard T. Hume sold 5,000 shares of the firm’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $242.97, for a total value of $1,214,850.00. Following the transaction, the director directly owned 18,537 shares of the company’s stock, valued at approximately $4,503,934.89. This trade represents a 21.24% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 20,000 shares of company stock worth $4,933,700. 0.70% of the stock is owned by corporate insiders.

TD SYNNEX Price Performance

TD SYNNEX stock opened at $253.35 on Wednesday. The stock has a market capitalization of $20.26 billion, a P/E ratio of 18.14, a P/E/G ratio of 0.71 and a beta of 1.43. The company’s fifty day moving average price is $256.75 and its 200 day moving average price is $200.72. 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 Corporation has a 1 year low of $139.23 and a 1 year high of $296.47.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings data 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 company had revenue of $19.57 billion during the quarter, compared to analysts’ expectations of $16.80 billion. TD SYNNEX had a net margin of 1.63% and a return on equity of 15.37%. The firm’s revenue for the quarter was up 31.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.99 earnings per share. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. As a group, equities research analysts anticipate that TD SYNNEX Corporation will post 18.02 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SNX shares. JPMorgan Chase & Co. raised shares of TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 price objective for the company in a report on Wednesday, May 27th. Morgan Stanley increased their target price on shares of TD SYNNEX from $341.00 to $374.00 and gave the stock an “overweight” 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 lowered TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, June 17th. Finally, UBS Group upped their price target on TD SYNNEX from $310.00 to $352.00 and gave the stock a “buy” rating in a report on Friday, June 26th. One equities 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 company 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.