Police & Firemen s Retirement System of New Jersey Has $4.06 Million Stock Position in TD SYNNEX Corporation $SNX

Police & Firemen s Retirement System of New Jersey increased its holdings in shares of TD SYNNEX Corporation (NYSE:SNX) by 9.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 29,924 shares of the business services provider’s stock after acquiring an additional 2,615 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in TD SYNNEX were worth $4,061,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its position in shares of TD SYNNEX by 36.5% during the first quarter. Envestnet Asset Management Inc. now owns 75,778 shares of the business services provider’s stock worth $7,878,000 after acquiring an additional 20,280 shares in the last quarter. Cerity Partners LLC lifted its position in TD SYNNEX by 8.6% in the 1st quarter. Cerity Partners LLC now owns 18,381 shares of the business services provider’s stock valued at $1,911,000 after acquiring an additional 1,458 shares in the last quarter. CWM LLC boosted its stake in TD SYNNEX by 2.3% in the 1st quarter. CWM LLC now owns 8,806 shares of the business services provider’s stock worth $916,000 after purchasing an additional 200 shares during the period. Cullen Frost Bankers Inc. bought a new position in TD SYNNEX during the 1st quarter worth about $44,000. Finally, Impact Partnership Wealth LLC acquired a new stake in shares of TD SYNNEX in the 1st quarter valued at about $257,000. Institutional investors own 84.00% of the company’s stock.

Insider Transactions at TD SYNNEX

In other news, insider Alim Dhanji sold 1,762 shares of the stock in a transaction on Tuesday, October 21st. The stock was sold at an average price of $154.55, for a total transaction of $272,317.10. Following the sale, the insider directly owned 13,426 shares of the company’s stock, valued at approximately $2,074,988.30. This represents a 11.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Miriam Anne Murphy sold 1,673 shares of the company’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $156.49, for a total transaction of $261,807.77. Following the sale, the insider directly owned 16,529 shares of the company’s stock, valued at $2,586,623.21. This represents a 9.19% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 14,632 shares of company stock worth $2,264,033. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SNX. Morgan Stanley upped their price objective on TD SYNNEX from $173.00 to $181.00 and gave the stock an “overweight” rating in a research report on Friday, September 26th. Wall Street Zen lowered shares of TD SYNNEX from a “buy” rating to a “hold” rating in a research report on Monday, November 3rd. Raymond James Financial set a $175.00 price objective on shares of TD SYNNEX in a research note on Thursday, September 25th. Barclays lifted their price target on TD SYNNEX from $140.00 to $164.00 and gave the stock an “equal weight” rating in a report on Friday, September 26th. Finally, UBS Group upped their price objective on TD SYNNEX from $154.00 to $187.00 and gave the company a “buy” rating in a research note on Monday, September 29th. 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $169.55.

TD SYNNEX Stock Performance

Shares of NYSE SNX opened at $150.51 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.20 and a quick ratio of 0.71. The firm has a market cap of $12.26 billion, a price-to-earnings ratio of 16.32, a P/E/G ratio of 1.19 and a beta of 1.41. The stock’s fifty day moving average price is $154.48 and its two-hundred day moving average price is $141.96. TD SYNNEX Corporation has a one year low of $92.23 and a one year high of $167.76.

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

TD SYNNEX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 17th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, October 17th. 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.