Cookson Peirce & Co. Inc. Trims Stock Holdings in TD SYNNEX Corporation $SNX

Cookson Peirce & Co. Inc. lowered its position in TD SYNNEX Corporation (NYSE:SNX) by 9.9% in the second quarter, Holdings Channel.com reports. The institutional investor owned 43,152 shares of the business services provider’s stock after selling 4,734 shares during the period. Cookson Peirce & Co. Inc.’s holdings in TD SYNNEX were worth $5,856,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. lifted its stake in TD SYNNEX by 1.6% in the first quarter. Crossmark Global Holdings Inc. now owns 6,063 shares of the business services provider’s stock valued at $630,000 after buying an additional 94 shares during the last quarter. State of Michigan Retirement System raised its stake in shares of TD SYNNEX by 0.6% during the first quarter. State of Michigan Retirement System now owns 18,021 shares of the business services provider’s stock worth $1,873,000 after purchasing an additional 100 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of TD SYNNEX by 0.5% during the first quarter. Louisiana State Employees Retirement System now owns 21,100 shares of the business services provider’s stock worth $2,194,000 after purchasing an additional 100 shares during the last quarter. Blue Trust Inc. raised its stake in shares of TD SYNNEX by 23.7% during the second quarter. Blue Trust Inc. now owns 543 shares of the business services provider’s stock worth $74,000 after purchasing an additional 104 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of TD SYNNEX by 16.8% during the first quarter. GAMMA Investing LLC now owns 750 shares of the business services provider’s stock worth $78,000 after purchasing an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 84.00% of the company’s stock.

TD SYNNEX Stock Down 0.6%

Shares of NYSE:SNX opened at $154.09 on Wednesday. The stock’s 50-day moving average price is $152.80 and its two-hundred day moving average price is $135.48. The company has a current ratio of 1.20, a quick ratio of 0.71 and a debt-to-equity ratio of 0.36. TD SYNNEX Corporation has a 12-month low of $92.23 and a 12-month high of $167.76. The firm has a market cap of $12.55 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 1.19 and a beta of 1.43.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings data on Thursday, September 25th. The business services provider reported $2.74 EPS for the quarter, missing analysts’ consensus estimates of $3.05 by ($0.31). The firm had revenue of $15.65 billion during the quarter, compared to analysts’ expectations of $15.11 billion. TD SYNNEX had a return on equity of 12.13% and a net margin of 1.27%.The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter last year, the business earned $2.86 earnings per share. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. On average, research analysts forecast that TD SYNNEX Corporation will post 11.88 EPS for the current year.

TD SYNNEX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, October 17th. TD SYNNEX’s dividend payout ratio (DPR) is 19.09%.

Insider Transactions at TD SYNNEX

In related news, CFO Marshall Witt sold 861 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $149.84, for a total transaction of $129,012.24. Following the sale, the chief financial officer directly owned 49,777 shares in the company, valued at approximately $7,458,585.68. This trade represents a 1.70% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ann F. Vezina sold 812 shares of TD SYNNEX stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $150.42, for a total value of $122,141.04. Following the sale, the director owned 6,079 shares in the company, valued at $914,403.18. This represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,673 shares of company stock worth $1,030,653 in the last three months. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Bank of America upped their price target on TD SYNNEX from $170.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, September 26th. Royal Bank Of Canada upped their price objective on TD SYNNEX from $165.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, September 26th. Zacks Research raised TD SYNNEX from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. The Goldman Sachs Group upped their price objective on TD SYNNEX from $145.00 to $164.00 and gave the stock a “buy” rating in a report on Thursday, September 25th. Finally, Barrington Research raised their price target on TD SYNNEX from $156.00 to $182.00 and gave the company an “outperform” rating in a research report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $169.55.

TD SYNNEX Profile

TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem. The company offers personal computing devices and peripherals, mobile phones and accessories, printers, supplies, and endpoint technology software; and data center technologies, such as hybrid cloud, security, storage, networking, servers, technology software, and converged and hyper-converged infrastructure, as well as computing components.