Vise Technologies Inc. Makes New $10.82 Million Investment in TD SYNNEX Corporation $SNX

by · The Cerbat Gem

Vise Technologies Inc. bought a new stake in TD SYNNEX Corporation (NYSE:SNX – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 40,490 shares of the business services provider’s stock, valued at approximately $10,825,000. Vise Technologies Inc. owned 0.05% of TD SYNNEX as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in SNX. Intech Investment Management LLC increased its holdings in TD SYNNEX by 38.4% in the fourth quarter. Intech Investment Management LLC now owns 21,578 shares of the business services provider’s stock valued at $3,242,000 after buying an additional 5,982 shares in the last quarter. Weiss Asset Management LP acquired a new position in TD SYNNEX during the first quarter worth $4,435,000. CWM LLC raised its holdings in TD SYNNEX by 474.0% during the fourth quarter. CWM LLC now owns 7,095 shares of the business services provider’s stock worth $1,066,000 after purchasing an additional 5,859 shares during the last quarter. R Squared Ltd purchased a new stake in TD SYNNEX during the fourth quarter worth $1,507,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its position in TD SYNNEX by 44.6% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 67,521 shares of the business services provider’s stock worth $10,186,000 after purchasing an additional 20,815 shares in the last quarter. 84.00% of the stock is owned by institutional investors and hedge funds.

TD SYNNEX Price Performance

TD SYNNEX stock opened at $250.67 on Friday. The stock has a market capitalization of $20.04 billion, a P/E ratio of 17.94, a P/E/G ratio of 0.71 and a beta of 1.44. TD SYNNEX Corporation has a 12-month low of $142.22 and a 12-month high of $296.47. 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’s 50-day moving average is $258.55 and its two-hundred day moving average is $219.66.

TD SYNNEX (NYSE:SNX – Get Free Report) last posted its quarterly earnings data on Thursday, June 25th. The business services provider reported $4.85 earnings per share for the quarter, beating analysts’ consensus estimates of $4.14 by $0.71. The business had revenue of $19.57 billion during the quarter, compared to analyst estimates of $16.80 billion. TD SYNNEX had a net margin of 1.63% and a return on equity of 15.37%. The company’s revenue was up 31.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.99 earnings per share. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Equities analysts predict that TD SYNNEX Corporation will post 18.01 earnings per share for the current year.

TD SYNNEX Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SNX shares. Morgan Stanley raised their price target on TD SYNNEX from $341.00 to $374.00 and gave the company an “overweight” rating in a research report on Friday, June 26th. UBS Group boosted their price objective on shares of TD SYNNEX from $310.00 to $352.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Zacks Research upgraded shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Royal Bank Of Canada set a $340.00 target price on shares of TD SYNNEX in a research report on Friday, June 26th. Finally, Weiss Ratings downgraded shares of TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, June 17th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $294.67.

View Our Latest Stock Analysis on SNX

Insider Buying and Selling at TD SYNNEX

In other news, Director Richard T. Hume sold 5,000 shares of TD SYNNEX stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $262.21, for a total value 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. The trade was a 26.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ann F. Vezina sold 1,273 shares of TD SYNNEX stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $256.05, for a total value of $325,951.65. Following the completion of the sale, the director owned 5,828 shares of the company’s stock, valued at $1,492,259.40. This trade represents a 17.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 16,273 shares of company stock worth $4,253,752 in the last 90 days. Insiders own 0.70% of the company’s stock.

TD SYNNEX Profile

(Free Report)

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the information technology industry. Formed in September 2021 through the merger of Tech Data and SYNNEX Corporation, the company provides a comprehensive range of products, services and solutions that span hardware, software, cloud, mobility, security and data center technologies. TD SYNNEX partners with vendors, resellers and system integrators to design, deploy and support IT infrastructures across diverse market segments, including commercial enterprises, public sector organizations and retail operations.

The company’s core business activities include the distribution of technology products from manufacturers such as servers, storage, networking equipment and peripherals, as well as the resale and provisioning of software licenses and cloud-based solutions.

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