Stevens Capital Management LP Takes Position in TD SYNNEX Corporation $SNX

Stevens Capital Management LP purchased a new stake in shares of TD SYNNEX Corporation (NYSE:SNX) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,339 shares of the business services provider’s stock, valued at approximately $317,000.

A number of other hedge funds have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of TD SYNNEX by 329.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 245 shares of the business services provider’s stock worth $25,000 after acquiring an additional 188 shares during the last quarter. Quarry LP purchased a new stake in TD SYNNEX in the 1st quarter worth about $51,000. Caitong International Asset Management Co. Ltd bought a new stake in TD SYNNEX in the second quarter worth about $55,000. MAI Capital Management lifted its stake in TD SYNNEX by 90.2% in the second quarter. MAI Capital Management now owns 428 shares of the business services provider’s stock worth $58,000 after purchasing an additional 203 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its stake in shares of TD SYNNEX by 1,012.5% during the second quarter. Hantz Financial Services Inc. now owns 445 shares of the business services provider’s stock valued at $60,000 after buying an additional 405 shares during the last quarter. Institutional investors own 84.00% of the company’s stock.

Insider Transactions at TD SYNNEX

In other TD SYNNEX news, insider Alim Dhanji sold 1,762 shares of TD SYNNEX stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $154.55, for a total value of $272,317.10. Following the transaction, the insider directly owned 13,426 shares of the company’s stock, valued at approximately $2,074,988.30. The trade was a 11.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Miriam Anne Murphy sold 1,673 shares of the company’s stock in a transaction 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 directly owned 16,529 shares in the company, valued at approximately $2,586,623.21. The trade was a 9.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 14,632 shares of company stock worth $2,264,033. 1.00% of the stock is owned by corporate insiders.

TD SYNNEX Stock Performance

Shares of NYSE:SNX opened at $146.11 on Friday. The firm has a 50 day moving average of $153.95 and a 200 day moving average of $142.88. The company has a quick ratio of 0.71, a current ratio of 1.20 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $11.90 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 1.19 and a beta of 1.41. TD SYNNEX Corporation has a 52 week low of $92.23 and a 52 week high of $167.76.

TD SYNNEX (NYSE:SNX) last announced its quarterly earnings results on Thursday, September 25th. The business services provider reported $3.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.05 by $0.53. The business had revenue of $15.65 billion for the quarter, compared to the consensus estimate 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 was up 6.6% compared to the same quarter last year. During the same period last year, the business posted $2.86 EPS. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. On average, sell-side analysts predict that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 17th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, October 17th. TD SYNNEX’s dividend payout ratio (DPR) is currently 19.09%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SNX shares. Wall Street Zen lowered TD SYNNEX from a “buy” rating to a “hold” rating in a research note on Monday, November 3rd. UBS Group lifted their price objective on shares of TD SYNNEX from $154.00 to $187.00 and gave the company a “buy” rating in a report on Monday, September 29th. Royal Bank Of Canada boosted their price target on TD SYNNEX from $165.00 to $180.00 and gave the company an “outperform” rating in a report on Friday, September 26th. The Goldman Sachs Group raised 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, Morgan Stanley lifted their target price on TD SYNNEX from $173.00 to $181.00 and gave the company an “overweight” rating in a research report on Friday, September 26th. One investment 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 company. According to MarketBeat, the company currently has an average 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.