New York State Teachers Retirement System Buys 7,285 Shares of TD SYNNEX Corporation $SNX

New York State Teachers Retirement System increased its position in TD SYNNEX Corporation (NYSE:SNX) by 9.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,588 shares of the business services provider’s stock after buying an additional 7,285 shares during the period. New York State Teachers Retirement System’s holdings in TD SYNNEX were worth $13,360,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Parcion Private Wealth LLC raised its stake in TD SYNNEX by 0.4% during the 3rd quarter. Parcion Private Wealth LLC now owns 15,189 shares of the business services provider’s stock worth $2,487,000 after buying an additional 68 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in shares of TD SYNNEX by 0.7% during the third quarter. Oregon Public Employees Retirement Fund now owns 15,437 shares of the business services provider’s stock valued at $2,528,000 after acquiring an additional 100 shares in the last quarter. ProShare Advisors LLC raised its position in shares of TD SYNNEX by 3.1% during the second quarter. ProShare Advisors LLC now owns 3,311 shares of the business services provider’s stock worth $449,000 after purchasing an additional 101 shares during the period. HB Wealth Management LLC lifted its holdings in shares of TD SYNNEX by 4.5% in the 3rd quarter. HB Wealth Management LLC now owns 2,402 shares of the business services provider’s stock worth $393,000 after purchasing an additional 103 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of TD SYNNEX by 23.7% in the 2nd quarter. Blue Trust Inc. now owns 543 shares of the business services provider’s stock worth $74,000 after purchasing an additional 104 shares in the last quarter. 84.00% of the stock is owned by institutional investors.

TD SYNNEX Stock Up 3.8%

SNX opened at $155.97 on Wednesday. TD SYNNEX Corporation has a fifty-two week low of $92.23 and a fifty-two week high of $167.76. The firm has a market capitalization of $12.70 billion, a P/E ratio of 15.64, a PEG ratio of 1.09 and a beta of 1.37. The company’s 50-day moving average is $151.77 and its 200 day moving average is $150.30. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 0.75.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings data on Thursday, January 8th. The business services provider reported $3.83 EPS for the quarter, beating the consensus estimate of $3.68 by $0.15. TD SYNNEX had a net margin of 1.32% and a return on equity of 12.60%. The firm had revenue of $17.38 billion during the quarter, compared to analyst estimates of $15.46 billion. During the same quarter last year, the business posted $3.09 EPS. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. Research analysts expect that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.2%. This is an increase from TD SYNNEX’s previous quarterly dividend of $0.44. The ex-dividend date is Friday, January 16th. TD SYNNEX’s dividend payout ratio is 17.65%.

Analysts Set New Price Targets

A number of analysts have commented on SNX shares. Royal Bank Of Canada restated an “outperform” rating on shares of TD SYNNEX in a research note on Monday, December 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of TD SYNNEX in a report on Wednesday, October 8th. Barclays lowered their target price on shares of TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating on the stock in a report on Friday. The Goldman Sachs Group started coverage on TD SYNNEX in a research note on Tuesday. They set a “buy” rating and a $180.00 price target for the company. Finally, Zacks Research lowered TD SYNNEX from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, TD SYNNEX currently has an average rating of “Moderate Buy” and a consensus target price of $170.64.

Insiders Place Their Bets

In other TD SYNNEX news, Director Merline Saintil sold 336 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $155.79, for a total value of $52,345.44. Following the completion of the transaction, the director owned 7,330 shares in the company, valued at $1,141,940.70. This represents a 4.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Miriam Anne Murphy sold 1,673 shares of the firm’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $156.49, for a total value of $261,807.77. Following the sale, the insider directly owned 16,529 shares of the company’s stock, valued at approximately $2,586,623.21. This represents a 9.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 23,939 shares of company stock worth $3,690,188 in the last ninety days. Company insiders own 1.00% of the company’s stock.

About TD SYNNEX

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.