Y Intercept Hong Kong Ltd Makes New $468,000 Investment in TD SYNNEX Corporation $SNX

Y Intercept Hong Kong Ltd purchased a new position in TD SYNNEX Corporation (NYSE:SNX) in the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 2,776 shares of the business services provider’s stock, valued at approximately $468,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SNX. Ossiam boosted its stake in TD SYNNEX by 84.3% during 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 in the last quarter. Dorato Capital Management bought a new stake in shares of TD SYNNEX in the 4th quarter worth $27,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of TD SYNNEX in the third quarter valued at $30,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of TD SYNNEX in the fourth quarter valued at $28,000. Finally, SJS Investment Consulting Inc. boosted its stake in TD SYNNEX by 44.6% during the first quarter. SJS Investment Consulting Inc. now owns 201 shares of the business services provider’s stock valued at $34,000 after buying an additional 62 shares in the last quarter. Institutional investors own 84.00% of the company’s stock.

Insiders Place Their Bets

In other news, Director Richard T. Hume sold 5,000 shares of the company’s stock in a transaction dated 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 transaction, the director owned 18,537 shares in the company, valued at $4,503,934.89. This represents a 21.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 20,000 shares of company stock worth $4,933,700. Insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on SNX shares. Royal Bank Of Canada set a $340.00 price target on shares of TD SYNNEX in a research report on Friday, June 26th. Morgan Stanley raised their price objective 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. The Goldman Sachs Group set a $330.00 price objective on shares of TD SYNNEX in a research note 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 target price on the stock in a report on Wednesday, May 27th. Finally, Zacks Research upgraded shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. One 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 stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $294.67.

TD SYNNEX Trading Up 0.8%

NYSE SNX opened at $253.35 on Wednesday. The firm’s 50 day moving average price is $256.75 and its two-hundred day moving average price is $200.72. The stock has a market cap of $20.26 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 0.71 and a beta of 1.43. TD SYNNEX Corporation has a twelve month low of $139.23 and a twelve month high of $296.47. 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 EPS for the quarter, topping the consensus estimate of $4.14 by $0.71. TD SYNNEX had a return on equity of 15.37% and a net margin of 1.63%.The business had revenue of $19.57 billion during the quarter, compared to analysts’ expectations of $16.80 billion. During the same quarter last year, the firm posted $2.99 earnings per share. TD SYNNEX’s revenue was up 31.0% compared to the same quarter last year. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Equities analysts anticipate that TD SYNNEX Corporation will post 18.02 EPS for the current year.

TD SYNNEX Dividend Announcement

The firm 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 dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, July 17th. TD SYNNEX’s payout ratio is 13.74%.

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.