State of Wyoming Invests $3.38 Million in TD SYNNEX Corporation $SNX

State of Wyoming acquired a new position in shares of TD SYNNEX Corporation (NYSE:SNX) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 12,637 shares of the business services provider’s stock, valued at approximately $3,378,000. TD SYNNEX accounts for 0.3% of State of Wyoming’s holdings, making the stock its 20th largest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SNX. Ossiam lifted its stake in TD SYNNEX by 84.3% during the third quarter. Ossiam now owns 164 shares of the business services provider’s stock worth $27,000 after purchasing an additional 75 shares in the last quarter. 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. SJS Investment Consulting Inc. raised its holdings in shares of TD SYNNEX by 44.6% in the 1st 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 during the period. Finally, Essential Partners LLC raised its holdings in shares of TD SYNNEX by 644.4% in the 1st quarter. Essential Partners LLC now owns 201 shares of the business services provider’s stock valued at $34,000 after buying an additional 174 shares during the period. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Analysts Set New Price Targets

SNX has been the topic of several research reports. UBS Group raised their target price on TD SYNNEX from $310.00 to $352.00 and gave the company a “buy” rating in a report on Friday, June 26th. Barrington Research boosted their price target on shares of TD SYNNEX from $202.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, June 26th. Weiss Ratings lowered shares of TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, June 17th. Zacks Research raised shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Finally, Royal Bank Of Canada set a $340.00 price objective on shares of TD SYNNEX in a research note on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $294.67.

Insiders Place Their Bets

In other TD SYNNEX news, Director Ann F. Vezina sold 1,273 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $256.05, for a total transaction of $325,951.65. Following the transaction, the director owned 5,828 shares of the company’s stock, valued at approximately $1,492,259.40. This trade represents a 17.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard T. Hume sold 5,000 shares of TD SYNNEX stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $262.21, for a total value of $1,311,050.00. Following the sale, the director owned 13,537 shares in the company, valued at $3,549,536.77. This trade represents a 26.97% 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. Over the last three months, insiders sold 21,273 shares of company stock valued at $5,401,452. 0.70% of the stock is owned by corporate insiders.

TD SYNNEX Stock Performance

Shares of TD SYNNEX stock opened at $258.79 on Friday. The firm has a market capitalization of $20.69 billion, a P/E ratio of 18.52, a P/E/G ratio of 0.73 and a beta of 1.44. TD SYNNEX Corporation has a 52 week low of $142.22 and a 52 week high of $296.47. The company has a quick ratio of 0.64, a current ratio of 1.20 and a debt-to-equity ratio of 0.40. The firm’s 50 day moving average is $259.82 and its two-hundred day moving average is $216.49.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings data on Thursday, June 25th. The business services provider reported $4.85 earnings per share for the quarter, topping the consensus estimate of $4.14 by $0.71. TD SYNNEX had a net margin of 1.63% and a return on equity of 15.37%. The business had revenue of $19.57 billion during the quarter, compared to the consensus estimate of $16.80 billion. During the same quarter in the previous year, the firm earned $2.99 EPS. The company’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. Research analysts forecast that TD SYNNEX Corporation will post 18.01 EPS for the current fiscal year.

TD SYNNEX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 17th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, July 17th. TD SYNNEX’s dividend payout ratio (DPR) is currently 13.74%.

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.