TD SYNNEX Corporation $SNX Shares Sold by Engineers Gate Manager LP

Engineers Gate Manager LP cut its holdings in shares of TD SYNNEX Corporation (NYSE:SNX) by 29.1% in the second quarter, HoldingsChannel.com reports. The firm owned 30,334 shares of the business services provider’s stock after selling 12,469 shares during the quarter. Engineers Gate Manager LP’s holdings in TD SYNNEX were worth $8,109,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Weiss Asset Management LP purchased a new stake in shares of TD SYNNEX in the 1st quarter valued at approximately $4,435,000. Intech Investment Management LLC boosted its position in shares of TD SYNNEX by 38.4% during the 4th quarter. Intech Investment Management LLC now owns 21,578 shares of the business services provider’s stock worth $3,242,000 after purchasing an additional 5,982 shares during the period. State of Wyoming acquired a new stake in TD SYNNEX in the 2nd quarter valued at approximately $3,378,000. BlackRock Inc. purchased a new stake in TD SYNNEX in the second quarter valued at approximately $1,958,683,000. Finally, Deutsche Bank AG purchased a new stake in TD SYNNEX in the second quarter valued at approximately $7,146,000. 84.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SNX. The Goldman Sachs Group set a $330.00 price objective on TD SYNNEX in a research note on Friday, June 26th. Barrington Research raised their target price on TD SYNNEX from $202.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, June 26th. Weiss Ratings downgraded TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, June 17th. Zacks Research lowered shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Finally, Morgan Stanley increased their price target 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. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, TD SYNNEX has an average rating of “Moderate Buy” and a consensus target price of $295.67.

TD SYNNEX Price Performance

SNX stock opened at $255.94 on Friday. The business’s 50-day moving average is $252.36 and its two-hundred day moving average is $229.33. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.20 and a quick ratio of 0.64. The firm has a market capitalization of $20.46 billion, a P/E ratio of 18.32, a P/E/G ratio of 0.73 and a beta of 1.43. TD SYNNEX Corporation has a 1 year low of $142.22 and a 1 year high of $296.47.

TD SYNNEX (NYSE:SNX) last announced 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. TD SYNNEX had a return on equity of 15.37% and a net margin of 1.63%.The business had revenue of $19.57 billion during the quarter, compared to the consensus estimate of $16.80 billion. During the same period in the previous year, the company posted $2.99 earnings per share. The business’s revenue for the quarter was up 31.0% on a year-over-year basis. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Analysts anticipate that TD SYNNEX Corporation will post 18.01 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 17th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, July 17th. TD SYNNEX’s payout ratio is 13.74%.

Insider Activity at TD SYNNEX

In other TD SYNNEX news, Director Ann Vezina sold 1,273 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $256.05, for a total value of $325,951.65. Following the sale, the director directly owned 5,828 shares of the company’s stock, valued at approximately $1,492,259.40. This represents a 17.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Richard Hume sold 5,000 shares of the firm’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $242.97, for a total transaction of $1,214,850.00. Following the completion of the sale, the director owned 18,537 shares in the company, valued at $4,503,934.89. The trade was a 21.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 11,273 shares of company stock valued at $2,851,852 in the last quarter. 0.70% of the stock is currently owned by company insiders.

TD SYNNEX Company Profile

TD SYNNEX Corporation (NYSE: SNX) is a global technology distributor and solutions aggregator that connects technology manufacturers with resellers, systems integrators, managed service providers and other business partners. The company helps its partners design, procure, configure and deliver technology solutions to organizations across a range of industries.

Its portfolio includes personal computing devices, peripherals, networking equipment, data-center infrastructure, cybersecurity products, software and cloud services.