Horizon Investment Services LLC Makes New Investment in TD SYNNEX Corporation $SNX

Horizon Investment Services LLC purchased a new position in TD SYNNEX Corporation (NYSE:SNX) during the second quarter, Holdings Channel reports. The fund purchased 9,863 shares of the business services provider’s stock, valued at approximately $2,637,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in SNX. Global Retirement Partners LLC bought a new position in TD SYNNEX in the second quarter valued at $541,000. Bank of New York Mellon Corp bought a new stake in TD SYNNEX during the second quarter worth about $149,728,000. State of Wyoming bought a new stake in TD SYNNEX during the second quarter worth about $3,378,000. GSA Capital Partners LLP purchased a new position in shares of TD SYNNEX in the 2nd quarter worth about $2,777,000. Finally, One Wealth Advisors LLC purchased a new position in shares of TD SYNNEX in the 2nd quarter worth about $547,000. Hedge funds and other institutional investors own 84.00% of the company’s stock.

TD SYNNEX Trading Up 0.0%

NYSE SNX opened at $258.79 on Monday. The firm has a market cap of $20.69 billion, a PE ratio of 18.52, a price-to-earnings-growth ratio of 0.73 and a beta of 1.44. TD SYNNEX Corporation has a 1-year low of $142.22 and a 1-year high of $296.47. The stock has a 50-day moving average of $259.82 and a 200-day moving average of $216.92. 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 results on Thursday, June 25th. The business services provider reported $4.85 earnings per share (EPS) 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 analyst estimates of $16.80 billion. TD SYNNEX had a return on equity of 15.37% and a net margin of 1.63%.TD SYNNEX’s revenue for the quarter was up 31.0% compared to the same quarter last year. During the same period last year, the company earned $2.99 EPS. 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 EPS for the current year.

TD SYNNEX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 17th were issued a $0.48 dividend. The ex-dividend date was Friday, July 17th. This represents a $1.92 annualized dividend and a dividend yield of 0.7%. TD SYNNEX’s dividend payout ratio (DPR) is currently 13.74%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on SNX shares. The Goldman Sachs Group set a $330.00 price objective on TD SYNNEX in a report on Friday, June 26th. JPMorgan Chase & Co. raised TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 target price for the company in a research note on Wednesday, May 27th. UBS Group increased 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. Barrington Research lifted their price target on shares of TD SYNNEX from $202.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, June 26th. Finally, Morgan Stanley boosted their price objective on shares of TD SYNNEX from $341.00 to $374.00 and gave the stock an “overweight” rating in a report 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 issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $294.67.

Insider Buying and Selling at TD SYNNEX

In related news, Director Ann F. Vezina sold 1,273 shares of the company’s stock in a transaction 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 completion of the sale, the director directly owned 5,828 shares in the company, valued at $1,492,259.40. This represents a 17.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard T. Hume sold 5,000 shares of the stock in a transaction on Monday, July 6th. The shares were sold at an average price of $242.97, for a total transaction of $1,214,850.00. Following the sale, the director directly owned 18,537 shares of the company’s stock, valued at $4,503,934.89. The trade was a 21.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 16,273 shares of company stock worth $4,253,752. 0.70% of the stock is owned by insiders.

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.