Susquehanna Fundamental Investments LLC Purchases 40,679 Shares of TD SYNNEX Corporation $SNX

Susquehanna Fundamental Investments LLC grew its holdings in TD SYNNEX Corporation (NYSE:SNX) by 148.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 68,153 shares of the business services provider’s stock after purchasing an additional 40,679 shares during the quarter. Susquehanna Fundamental Investments LLC owned approximately 0.09% of TD SYNNEX worth $18,220,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Bell Investment Advisors Inc bought a new position in TD SYNNEX in the second quarter worth about $27,000. Fiduciary Financial Advisors purchased a new position in shares of TD SYNNEX in the 2nd quarter worth approximately $28,000. Compass Financial Management LLC bought a new position in shares of TD SYNNEX during the 2nd quarter worth approximately $38,000. Ossiam lifted its position in TD SYNNEX by 84.3% during the third quarter. Ossiam now owns 164 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 75 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new position in TD SYNNEX in the third quarter worth $30,000. Institutional investors own 84.00% of the company’s stock.

Analysts Set New Price Targets

SNX has been the subject of a number of recent analyst reports. The Goldman Sachs Group set a $330.00 price objective on TD SYNNEX in a research report on Friday, June 26th. Zacks Research downgraded shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Barrington Research lifted their target price 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. Morgan Stanley boosted their target price on shares of TD SYNNEX from $341.00 to $374.00 and gave the stock an “overweight” rating in a research report on Friday, June 26th. Finally, Barclays raised their price target on shares of TD SYNNEX from $237.00 to $278.00 and gave the stock an “equal weight” rating in a report on Thursday, July 2nd. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $294.67.

Insider Activity at TD SYNNEX

In related news, Director Richard T. Hume sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $262.21, for a total value of $1,311,050.00. Following the sale, the director directly owned 13,537 shares in the company, valued at approximately $3,549,536.77. The trade was a 26.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ann F. Vezina sold 1,273 shares of the stock in a transaction that occurred on 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 directly owned 5,828 shares of the company’s stock, valued at $1,492,259.40. The trade was a 17.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 16,273 shares of company stock valued at $4,253,752. Corporate insiders own 0.70% of the company’s stock.

TD SYNNEX Price Performance

NYSE:SNX opened at $253.62 on Monday. The firm’s fifty day moving average is $254.85 and its two-hundred day moving average is $223.33. The firm has a market cap of $20.28 billion, a price-to-earnings ratio of 18.15, a PEG ratio of 0.72 and a beta of 1.44. 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 one year low of $142.22 and a one year high of $296.47.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings data on Thursday, June 25th. The business services provider reported $4.85 EPS for the quarter, topping analysts’ consensus estimates of $4.14 by $0.71. The business had revenue of $19.57 billion for 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 business’s revenue was up 31.0% on a year-over-year basis. During the same quarter last year, the company earned $2.99 EPS. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Research analysts expect that TD SYNNEX Corporation will post 18.01 EPS for the current year.

TD SYNNEX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 17th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Friday, July 17th. This represents a $1.92 annualized dividend and a dividend yield of 0.8%. TD SYNNEX’s payout ratio is presently 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.