TD SYNNEX Corporation $SNX Shares Acquired by Retirement Systems of Alabama

Retirement Systems of Alabama increased its position in TD SYNNEX Corporation (NYSE:SNX) by 6.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,473 shares of the business services provider’s stock after acquiring an additional 5,147 shares during the period. Retirement Systems of Alabama owned approximately 0.10% of TD SYNNEX worth $21,183,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Fulcrum Asset Management LLP purchased a new position in shares of TD SYNNEX in the third quarter valued at $2,372,000. Allspring Global Investments Holdings LLC boosted its position in shares of TD SYNNEX by 37.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 411,017 shares of the business services provider’s stock worth $111,698,000 after buying an additional 111,942 shares in the last quarter. Brighton Jones LLC boosted its position in shares of TD SYNNEX by 1.2% in the 3rd quarter. Brighton Jones LLC now owns 4,723 shares of the business services provider’s stock worth $1,213,000 after buying an additional 58 shares in the last quarter. Formidable Asset Management LLC acquired a new stake in TD SYNNEX in the 3rd quarter valued at about $237,000. Finally, Parallel Advisors LLC grew its stake in TD SYNNEX by 3.9% in the 3rd quarter. Parallel Advisors LLC now owns 1,881 shares of the business services provider’s stock valued at $483,000 after acquiring an additional 70 shares during the last quarter. 84.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Zacks Research upgraded shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 29th. Barclays upped their price target on shares of TD SYNNEX from $278.00 to $287.00 and gave the company an “equal weight” rating in a report on Tuesday, September 8th. 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. 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 research note on Friday, September 25th. Finally, Weiss Ratings downgraded TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, TD SYNNEX currently has a consensus rating of “Buy” and an average target price of $331.14.

Insider Activity at TD SYNNEX

In other news, insider Alim Dhanji sold 3,775 shares of the firm’s stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $241.01, for a total value of $909,812.75. Following the transaction, the insider directly owned 11,712 shares in the company, valued at $2,822,709.12. This trade represents a 24.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.70% of the stock is currently owned by company insiders.

TD SYNNEX Stock Performance

NYSE:SNX opened at $241.25 on Thursday. The company has a market cap of $19.25 billion, a P/E ratio of 14.70, a P/E/G ratio of 0.46 and a beta of 1.43. The firm’s 50 day moving average is $256.65 and its two-hundred day moving average is $228.61. TD SYNNEX Corporation has a fifty-two week low of $142.22 and a fifty-two 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) last announced its quarterly earnings data on Thursday, September 24th. The business services provider reported $5.68 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 1.75% and a return on equity of 16.78%. The business’s quarterly revenue was up 37.7% compared to the same quarter last year. During the same period in the previous year, the company earned $3.58 EPS. TD SYNNEX has set its Q4 2026 guidance at 5.650-6.150 EPS. Analysts expect that TD SYNNEX Corporation will post 20.35 EPS for the current year.

TD SYNNEX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Friday, October 16th were paid a dividend of $0.48 per share. The ex-dividend date was Friday, October 16th. This represents a $1.92 annualized dividend and a yield of 0.8%. TD SYNNEX’s dividend payout ratio is currently 11.70%.

TD SYNNEX Company Profile

TD SYNNEX is a global distributor and solutions aggregator serving the information technology industry. The company connects technology vendors with channel partners, including resellers, systems integrators, managed service providers and retailers. Its offerings span hardware, software and services across areas such as cloud computing, cybersecurity, data center infrastructure, networking and end-user computing. TD SYNNEX also provides partners with services that can support technology deployment, integration and ongoing management.