Mutual of America Capital Management LLC Sells 1,631 Shares of TD SYNNEX Corporation $SNX

Mutual of America Capital Management LLC reduced its position in TD SYNNEX Corporation (NYSE:SNX) by 4.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 37,145 shares of the business services provider’s stock after selling 1,631 shares during the period. Mutual of America Capital Management LLC’s holdings in TD SYNNEX were worth $5,041,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Curbstone Financial Management Corp purchased a new stake in TD SYNNEX during the second quarter valued at about $400,000. Foster & Motley Inc. lifted its holdings in TD SYNNEX by 10.0% during the second quarter. Foster & Motley Inc. now owns 38,032 shares of the business services provider’s stock valued at $5,161,000 after purchasing an additional 3,459 shares during the last quarter. Arista Wealth Management LLC purchased a new stake in TD SYNNEX during the second quarter valued at about $446,000. Private Trust Co. NA lifted its holdings in TD SYNNEX by 4,077.8% during the second quarter. Private Trust Co. NA now owns 752 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 734 shares during the last quarter. Finally, Applied Finance Capital Management LLC purchased a new stake in TD SYNNEX during the second quarter valued at about $278,000. 84.00% of the stock is owned by hedge funds and other institutional investors.

TD SYNNEX Stock Performance

Shares of NYSE SNX opened at $154.09 on Wednesday. The stock has a market cap of $12.55 billion, a price-to-earnings ratio of 16.71, a P/E/G ratio of 1.19 and a beta of 1.43. The company has a current ratio of 1.20, a quick ratio of 0.71 and a debt-to-equity ratio of 0.36. TD SYNNEX Corporation has a 1-year low of $92.23 and a 1-year high of $167.76. The stock’s 50-day moving average is $152.80 and its 200 day moving average is $135.48.

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

TD SYNNEX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, October 17th. TD SYNNEX’s payout ratio is 19.09%.

Insiders Place Their Bets

In other TD SYNNEX news, CFO Marshall Witt sold 861 shares of TD SYNNEX stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $149.84, for a total value of $129,012.24. Following the transaction, the chief financial officer directly owned 49,777 shares of the company’s stock, valued at $7,458,585.68. The trade was a 1.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ann F. Vezina sold 812 shares of TD SYNNEX stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $150.42, for a total value of $122,141.04. Following the completion of the transaction, the director directly owned 6,079 shares in the company, valued at $914,403.18. This trade represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,673 shares of company stock valued at $1,030,653 in the last ninety days. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

SNX has been the topic of several recent research reports. Barrington Research upped their price objective on shares of TD SYNNEX from $156.00 to $182.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Barclays upped their price objective on shares of TD SYNNEX from $140.00 to $164.00 and gave the company an “equal weight” rating in a report on Friday, September 26th. Wall Street Zen downgraded TD SYNNEX from a “buy” rating to a “hold” rating in a research note on Saturday. Loop Capital raised their target price on TD SYNNEX from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, June 30th. Finally, The Goldman Sachs Group raised their target price on TD SYNNEX from $145.00 to $164.00 and gave the stock a “buy” rating in a research note on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, TD SYNNEX currently has a consensus rating of “Moderate Buy” and an average price target of $169.55.

TD SYNNEX Company 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.