Redwood Investment Management LLC Makes New $1.10 Million Investment in TD SYNNEX Corporation $SNX

Redwood Investment Management LLC acquired a new stake in TD SYNNEX Corporation (NYSE:SNX) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 6,501 shares of the business services provider’s stock, valued at approximately $1,097,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Pacer Advisors Inc. raised its position in shares of TD SYNNEX by 4,021.1% during the first 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 period. Parallel Advisors LLC grew its position in TD SYNNEX by 11.1% in the 1st quarter. Parallel Advisors LLC now owns 1,692 shares of the business services provider’s stock valued at $285,000 after purchasing an additional 169 shares during the period. NewEdge Advisors LLC increased its stake in TD SYNNEX by 1.2% during the 1st quarter. NewEdge Advisors LLC now owns 347,399 shares of the business services provider’s stock valued at $58,610,000 after purchasing an additional 4,108 shares in the last quarter. Essential Partners LLC increased its stake in TD SYNNEX by 644.4% during the 1st quarter. Essential Partners LLC now owns 201 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 174 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in TD SYNNEX by 58.1% during the first quarter. EverSource Wealth Advisors LLC now owns 1,456 shares of the business services provider’s stock worth $246,000 after buying an additional 535 shares during the last quarter. Institutional investors own 84.00% of the company’s stock.

Insider Activity

In other TD SYNNEX news, Director Richard T. Hume sold 5,000 shares of the business’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $242.97, for a total value of $1,214,850.00. Following the transaction, the director directly 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 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 transaction of $325,951.65. Following the transaction, the director directly 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. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 21,273 shares of company stock valued at $5,259,652. 0.70% of the stock is owned by company insiders.

TD SYNNEX Stock Performance

Shares of SNX opened at $255.93 on Monday. The stock has a 50 day moving average of $260.60 and a 200 day moving average of $209.49. The company has a market capitalization of $20.46 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 0.72 and a beta of 1.44. TD SYNNEX Corporation has a 12 month low of $139.23 and a 12 month high of $296.47. The company has a current ratio of 1.20, a quick ratio of 0.64 and a debt-to-equity ratio of 0.40.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings data on Thursday, June 25th. The business services provider reported $4.85 earnings per share for the quarter, topping the consensus estimate of $4.14 by $0.71. The business had revenue of $19.57 billion for the quarter, compared to analysts’ expectations of $16.80 billion. TD SYNNEX had a return on equity of 15.37% and a net margin of 1.63%.The business’s revenue was up 31.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.99 earnings per share. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. As a group, sell-side analysts forecast that TD SYNNEX Corporation will post 18.01 earnings per share for the current year.

TD SYNNEX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 17th were issued a $0.48 dividend. 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 payout ratio is 13.74%.

Analysts Set New Price Targets

SNX has been the topic of a number of recent research reports. Barrington Research raised their price objective on shares of TD SYNNEX from $202.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, June 26th. Zacks Research raised shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. The Goldman Sachs Group set a $330.00 target price on shares of TD SYNNEX in a report on Friday, June 26th. UBS Group raised their price target on shares of TD SYNNEX from $310.00 to $352.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Finally, Morgan Stanley lifted their price target on TD SYNNEX from $341.00 to $374.00 and gave the company an “overweight” rating in a research note on Friday, June 26th. One equities research 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $294.67.

TD SYNNEX Profile

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.