TD SYNNEX Corporation $SNX Stock: North Dakota State Investment Board Grows Stake

North Dakota State Investment Board increased its holdings in TD SYNNEX Corporation (NYSE:SNX) by 30.7% in the third quarter, Holdings Channel reports. The fund owned 9,585 shares of the business services provider’s stock after purchasing an additional 2,251 shares during the quarter. North Dakota State Investment Board’s holdings in TD SYNNEX were worth $2,462,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Weiss Asset Management LP bought a new stake in TD SYNNEX during the 1st quarter valued at $4,435,000. Deutsche Bank AG purchased a new position in shares of TD SYNNEX in the 2nd quarter valued at $7,146,000. State of Wyoming bought a new position in shares of TD SYNNEX in the 2nd quarter worth $3,378,000. BlackRock Inc. bought a new position in shares of TD SYNNEX in the 2nd quarter worth $1,958,683,000. Finally, Pacer Advisors Inc. lifted its stake in shares of TD SYNNEX by 4,021.1% during the 1st quarter. Pacer Advisors Inc. now owns 366,652 shares of the business services provider’s stock worth $61,858,000 after purchasing an additional 357,755 shares during the last quarter. 84.00% of the stock is currently owned by institutional investors.

Insider Activity at TD SYNNEX

In related news, insider Alim Dhanji sold 3,775 shares of the stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of $241.01, for a total value of $909,812.75. Following the completion of the transaction, the insider directly owned 11,712 shares of the company’s stock, valued at $2,822,709.12. This trade represents a 24.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard Hume sold 5,000 shares of TD SYNNEX stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $262.21, for a total transaction of $1,311,050.00. Following the completion of the sale, the director owned 13,537 shares of the company’s stock, valued at $3,549,536.77. This trade represents a 26.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.70% of the company’s stock.

TD SYNNEX Trading Down 0.5%

Shares of NYSE:SNX opened at $255.52 on Friday. The business’s 50-day moving average is $260.95 and its 200 day moving average is $225.12. TD SYNNEX Corporation has a 1 year low of $142.22 and a 1 year high of $298.77. The firm has a market capitalization of $20.39 billion, a P/E ratio of 15.57, a P/E/G ratio of 0.51 and a beta of 1.37. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.19 and a quick ratio of 0.64.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings results on Thursday, September 24th. The business services provider reported $5.68 EPS for the quarter, beating analysts’ consensus estimates of $4.70 by $0.98. The company had revenue of $21.56 billion during the quarter, compared to analysts’ expectations of $18.91 billion. TD SYNNEX had a return on equity of 16.78% and a net margin of 1.75%. The firm’s revenue was up 37.7% compared to the same quarter last year. During the same period last year, the business posted $3.58 earnings per share. TD SYNNEX has set its Q4 2026 guidance at 5.650-6.150 EPS. On average, research analysts predict that TD SYNNEX Corporation will post 20.35 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, October 16th. TD SYNNEX’s dividend payout ratio (DPR) is presently 11.70%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Weiss Ratings downgraded TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, October 23rd. Barclays lifted their target price on TD SYNNEX from $278.00 to $287.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 8th. Zacks Research upgraded shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 29th. Morgan Stanley increased their price target on shares of TD SYNNEX from $334.00 to $359.00 and gave the company an “overweight” rating in a research report on Friday, September 25th. Finally, UBS Group increased their price target on shares of TD SYNNEX from $352.00 to $379.00 and gave the company a “buy” rating in a research report on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $331.14.

TD SYNNEX Company Profile

TD SYNNEX Corporation (NYSE: SNX) is a global technology distributor and solutions aggregator. The company connects technology vendors with resellers, systems integrators, managed service providers, retailers and other channel partners, helping them market, sell, deploy and support technology products and services.

Its offerings include personal computing and endpoint devices, servers, data-center and networking equipment, software, cloud solutions, cybersecurity products, and related professional and managed services.