Morningstar Investment Management LLC Acquires Shares of 1,877 TD SYNNEX Corporation $SNX

Morningstar Investment Management LLC acquired a new stake in TD SYNNEX Corporation (NYSE:SNX) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,877 shares of the business services provider’s stock, valued at approximately $255,000.

A number of other institutional investors have also recently bought and sold shares of SNX. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of TD SYNNEX by 329.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 245 shares of the business services provider’s stock worth $25,000 after acquiring an additional 188 shares during the period. Cullen Frost Bankers Inc. bought a new position in TD SYNNEX in the 1st quarter valued at approximately $44,000. Quarry LP bought a new position in TD SYNNEX in the 1st quarter valued at approximately $51,000. SVB Wealth LLC bought a new position in TD SYNNEX in the 1st quarter valued at approximately $72,000. Finally, Blue Trust Inc. lifted its stake in TD SYNNEX by 23.7% in the 2nd quarter. Blue Trust Inc. now owns 543 shares of the business services provider’s stock valued at $74,000 after purchasing an additional 104 shares during the last quarter. Institutional investors own 84.00% of the company’s stock.

Insider Transactions at TD SYNNEX

In other news, Director Ann F. Vezina sold 812 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $150.42, for a total transaction of $122,141.04. Following the completion of the sale, the director directly owned 6,079 shares in the company, valued at $914,403.18. This represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Marshall Witt sold 861 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $149.84, for a total transaction of $129,012.24. Following the sale, the chief financial officer owned 49,777 shares of the company’s stock, valued at approximately $7,458,585.68. This trade represents a 1.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,930 shares of company stock worth $430,163 over the last three months. 1.00% of the stock is owned by company insiders.

TD SYNNEX Price Performance

SNX stock opened at $155.01 on Wednesday. The company has a fifty day moving average price of $151.88 and a 200-day moving average price of $133.65. The company has a market capitalization of $12.62 billion, a P/E ratio of 16.81, a PEG ratio of 1.19 and a beta of 1.43. TD SYNNEX Corporation has a 52-week low of $92.23 and a 52-week high of $167.76. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.71 and a current ratio of 1.20.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings results on Thursday, September 25th. The business services provider reported $2.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.05 by ($0.31). The business had revenue of $15.65 billion for the quarter, compared to the consensus estimate of $15.11 billion. TD SYNNEX had a net margin of 1.27% and a return on equity of 12.13%. TD SYNNEX’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.86 EPS. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. As a group, equities analysts expect that TD SYNNEX Corporation will post 11.88 EPS for the current year.

TD SYNNEX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be given a dividend of $0.44 per share. The ex-dividend date is Friday, October 17th. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. TD SYNNEX’s dividend payout ratio is 19.09%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SNX. Royal Bank Of Canada increased their price objective on shares of TD SYNNEX from $165.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday, September 26th. Barrington Research increased their price objective on shares of TD SYNNEX from $156.00 to $182.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. The Goldman Sachs Group increased their price objective on shares of TD SYNNEX from $145.00 to $164.00 and gave the company a “buy” rating in a research note on Thursday, September 25th. Barclays increased their price objective on shares of TD SYNNEX from $140.00 to $164.00 and gave the company an “equal weight” rating in a research note on Friday, September 26th. Finally, Bank of America increased their price objective on shares of TD SYNNEX from $170.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $169.55.

About TD SYNNEX

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.