North Point Portfolio Managers Corp OH Purchases New Holdings in TD SYNNEX Corporation $SNX

by · The Markets Daily

North Point Portfolio Managers Corp OH acquired a new position in shares of TD SYNNEX Corporation (NYSE:SNX – Free Report) during the third quarter, Holdings Channel reports. The institutional investor acquired 18,234 shares of the business services provider’s stock, valued at approximately $4,683,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in TD SYNNEX in the 2nd quarter valued at about $1,958,683,000. Metropolis Capital Ltd raised its holdings in TD SYNNEX by 9.5% in the first quarter. Metropolis Capital Ltd now owns 1,281,307 shares of the business services provider’s stock valued at $216,169,000 after acquiring an additional 111,222 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in TD SYNNEX in the second quarter worth approximately $149,728,000. Principal Financial Group Inc. grew its holdings in TD SYNNEX by 8.1% during the 1st quarter. Principal Financial Group Inc. now owns 684,004 shares of the business services provider’s stock worth $115,406,000 after acquiring an additional 51,303 shares in the last quarter. Finally, Bank of America Corp DE acquired a new stake in shares of TD SYNNEX during the 2nd quarter worth about $113,155,000. 84.00% of the stock is owned by institutional investors and hedge funds.

TD SYNNEX Price Performance

NYSE SNX traded down $4.64 during mid-day trading on Wednesday, hitting $273.74. The stock had a trading volume of 173,381 shares, compared to its average volume of 822,744. The company has a 50 day simple moving average of $260.50 and a 200 day simple moving average of $243.60. The company has a market cap of $21.84 billion, a price-to-earnings ratio of 16.66, a P/E/G ratio of 0.64 and a beta of 1.37. TD SYNNEX Corporation has a 52-week low of $142.22 and a 52-week high of $298.77. The company has a quick ratio of 0.64, a current ratio of 1.19 and a debt-to-equity ratio of 0.39.

TD SYNNEX (NYSE:SNX – Get Free Report) last posted its earnings results on Thursday, September 24th. The business services provider reported $5.68 EPS for the quarter, topping analysts’ consensus estimates of $4.70 by $0.98. TD SYNNEX had a return on equity of 16.78% and a net margin of 1.75%.The company had revenue of $21.56 billion for the quarter, compared to the consensus estimate of $18.91 billion. During the same period in the previous year, the business earned $3.58 earnings per share. TD SYNNEX’s quarterly revenue was up 37.7% compared to the same quarter last year. TD SYNNEX has set its Q4 2026 guidance at 5.650-6.150 EPS. Equities analysts forecast that TD SYNNEX Corporation will post 19.89 EPS for the current fiscal year.

TD SYNNEX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, October 16th. TD SYNNEX’s dividend payout ratio (DPR) is 11.70%.

Insider Transactions at TD SYNNEX

In other news, Director Richard T. Hume sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $262.21, for a total transaction of $1,311,050.00. Following the completion of the transaction, the director directly owned 13,537 shares of the company’s stock, valued at $3,549,536.77. This trade represents a 26.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 that occurred on Friday, July 31st. The stock was sold at an average price of $256.05, for a total value of $325,951.65. Following the transaction, the director owned 5,828 shares of the company’s stock, valued at $1,492,259.40. This represents a 17.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

SNX has been the topic of a number of research analyst reports. Morgan Stanley raised their price objective on shares of TD SYNNEX from $334.00 to $359.00 and gave the stock an “overweight” rating in a report on Friday, September 25th. The Goldman Sachs Group set a $330.00 price objective on shares of TD SYNNEX in a research note on Friday, June 26th. Barclays upped their price target on TD SYNNEX from $278.00 to $287.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 8th. UBS Group increased their price target on shares of TD SYNNEX from $352.00 to $379.00 and gave the stock a “buy” rating in a report on Friday, September 25th. Finally, Royal Bank Of Canada set a $340.00 price objective on shares of TD SYNNEX in a research report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $331.14.

Check Out Our Latest Stock Analysis on TD SYNNEX

About TD SYNNEX

(Free Report)

TD SYNNEX Corporation is a global technology distributor and solutions aggregator that connects technology vendors with resellers, systems integrators, managed service providers and other channel partners. The company helps bring hardware, software and cloud-based solutions to market while supporting partners with sales, marketing, logistics, financing and technical services.

Its portfolio includes data center and networking equipment, personal computing and endpoint devices, software, cybersecurity products, cloud services, unified communications, mobility solutions and emerging technologies.

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