Meixler Investment Management Ltd. Has $679,000 Stock Holdings in TD SYNNEX Corporation $SNX

Meixler Investment Management Ltd. lowered its stake in TD SYNNEX Corporation (NYSE:SNX) by 12.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,003 shares of the business services provider’s stock after selling 699 shares during the period. Meixler Investment Management Ltd.’s holdings in TD SYNNEX were worth $679,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Nuveen LLC acquired a new stake in shares of TD SYNNEX during the 1st quarter valued at $121,259,000. Metropolis Capital Ltd bought a new position in TD SYNNEX in the second quarter valued at about $115,168,000. JPMorgan Chase & Co. boosted its stake in shares of TD SYNNEX by 16.9% during the first quarter. JPMorgan Chase & Co. now owns 3,899,974 shares of the business services provider’s stock valued at $405,441,000 after purchasing an additional 564,473 shares in the last quarter. Boston Partners grew its holdings in shares of TD SYNNEX by 321.6% during the first quarter. Boston Partners now owns 591,958 shares of the business services provider’s stock worth $61,547,000 after purchasing an additional 451,567 shares during the last quarter. Finally, Abrams Bison Investments LLC increased its stake in shares of TD SYNNEX by 19.4% in the first quarter. Abrams Bison Investments LLC now owns 2,683,000 shares of the business services provider’s stock valued at $278,925,000 after buying an additional 435,000 shares during the period. 84.00% of the stock is currently owned by institutional investors.

Insider Activity at TD SYNNEX

In other TD SYNNEX news, insider Miriam Anne Murphy sold 1,673 shares of the stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $156.49, for a total value of $261,807.77. Following the transaction, the insider owned 16,529 shares in the company, valued at approximately $2,586,623.21. This represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ann F. Vezina sold 812 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The shares were 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 of the company’s stock, valued at approximately $914,403.18. This represents a 11.78% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 10,108 shares of company stock worth $1,564,778. 1.00% of the stock is currently owned by insiders.

TD SYNNEX Trading Up 0.7%

Shares of SNX stock opened at $156.47 on Friday. TD SYNNEX Corporation has a fifty-two week low of $92.23 and a fifty-two week high of $167.76. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.71 and a current ratio of 1.20. The stock has a 50 day simple moving average of $153.86 and a two-hundred day simple moving average of $138.67. The company has a market cap of $12.74 billion, a P/E ratio of 16.97, a PEG ratio of 1.19 and a beta of 1.43.

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

TD SYNNEX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 17th were issued a dividend of $0.44 per share. The ex-dividend date was Friday, October 17th. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. TD SYNNEX’s dividend payout ratio is currently 19.09%.

Analyst Ratings Changes

Several equities research analysts recently commented on SNX shares. Wall Street Zen upgraded shares of TD SYNNEX from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of TD SYNNEX in a report on Wednesday, October 8th. Bank of America increased their price objective on TD SYNNEX from $170.00 to $180.00 and gave the company a “buy” rating in a report on Friday, September 26th. Barclays raised their target price on TD SYNNEX from $140.00 to $164.00 and gave the stock an “equal weight” rating in a research report on Friday, September 26th. Finally, JPMorgan Chase & Co. upped their price target on TD SYNNEX from $143.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $169.55.

TD SYNNEX Company 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.