Quadrature Capital Ltd Makes New Investment in TD SYNNEX Corporation $SNX

Quadrature Capital Ltd purchased a new stake in shares of TD SYNNEX Corporation (NYSE:SNX) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 6,351 shares of the business services provider’s stock, valued at approximately $862,000.

Several other institutional investors have also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in TD SYNNEX by 329.8% in 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 last quarter. Quarry LP purchased a new position in shares of TD SYNNEX during the first quarter worth about $51,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of TD SYNNEX during the second quarter worth about $55,000. MAI Capital Management increased its position in shares of TD SYNNEX by 90.2% in the second quarter. MAI Capital Management now owns 428 shares of the business services provider’s stock worth $58,000 after purchasing an additional 203 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its stake in TD SYNNEX by 1,012.5% in the second quarter. Hantz Financial Services Inc. now owns 445 shares of the business services provider’s stock valued at $60,000 after purchasing an additional 405 shares in the last quarter. Institutional investors own 84.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of TD SYNNEX in a research note on Wednesday, October 8th. Royal Bank Of Canada lifted their price objective on shares of TD SYNNEX from $165.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, September 26th. Barrington Research upped their target price on shares of TD SYNNEX from $156.00 to $182.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Morgan Stanley increased their target price on TD SYNNEX from $173.00 to $181.00 and gave the company an “overweight” rating in a research note on Friday, September 26th. Finally, Bank of America lifted their price target on TD SYNNEX from $170.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, September 26th. One investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $169.55.

TD SYNNEX Stock Performance

TD SYNNEX stock opened at $152.48 on Monday. The firm has a fifty day simple moving average of $154.09 and a two-hundred day simple moving average of $144.12. The company has a quick ratio of 0.71, a current ratio of 1.20 and a debt-to-equity ratio of 0.36. TD SYNNEX Corporation has a twelve month low of $92.23 and a twelve month high of $167.76. The company has a market capitalization of $12.42 billion, a PE ratio of 16.54, a P/E/G ratio of 1.19 and a beta of 1.41.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings data on Thursday, September 25th. The business services provider reported $3.58 EPS for the quarter, topping the consensus estimate of $3.05 by $0.53. TD SYNNEX had a return on equity of 12.13% and a net margin of 1.27%.The firm had revenue of $15.65 billion for the quarter, compared to the consensus estimate of $15.11 billion. During the same quarter in the previous year, the business earned $2.86 earnings per share. The company’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. Research analysts expect that TD SYNNEX Corporation will post 11.88 EPS for the current year.

TD SYNNEX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 17th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, October 17th. TD SYNNEX’s payout ratio is 19.09%.

Insider Transactions at TD SYNNEX

In related news, CFO Marshall Witt sold 861 shares of the company’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $149.84, for a total transaction of $129,012.24. Following the completion of the sale, the chief financial officer directly owned 49,777 shares in the company, valued at $7,458,585.68. This represents a 1.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Merline Saintil sold 336 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $155.79, for a total transaction of $52,345.44. Following the sale, the director directly owned 7,330 shares of the company’s stock, valued at $1,141,940.70. The trade was a 4.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 14,632 shares of company stock valued at $2,264,033. Insiders own 1.00% of the company’s stock.

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.