Strs Ohio Reduces Holdings in TD SYNNEX Corporation $SNX

Strs Ohio lowered its stake in shares of TD SYNNEX Corporation (NYSE:SNX) by 11.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 16,366 shares of the business services provider’s stock after selling 2,032 shares during the period. Strs Ohio’s holdings in TD SYNNEX were worth $2,221,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in SNX. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of TD SYNNEX by 329.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 245 shares of the business services provider’s stock worth $25,000 after purchasing an additional 188 shares during the period. Cullen Frost Bankers Inc. purchased a new position in shares of TD SYNNEX during the 1st quarter worth approximately $44,000. Quarry LP purchased a new position in shares of TD SYNNEX during the 1st quarter worth approximately $51,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of TD SYNNEX during the 2nd quarter worth approximately $55,000. Finally, Hantz Financial Services Inc. boosted its position in shares of TD SYNNEX by 1,012.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 445 shares of the business services provider’s stock worth $60,000 after purchasing an additional 405 shares during the period. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Barclays increased their price objective on shares of TD SYNNEX from $140.00 to $164.00 and gave the stock an “equal weight” rating in a research report on Friday, September 26th. Wall Street Zen cut shares of TD SYNNEX from a “buy” rating to a “hold” rating in a research report on Monday. Bank of America raised their price target on shares of TD SYNNEX from $170.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, September 26th. Royal Bank Of Canada raised their price target on shares of TD SYNNEX from $165.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, September 26th. Finally, Raymond James Financial set a $175.00 price target on shares of TD SYNNEX in a research report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $169.55.

Insider Activity

In related news, Director Ann F. Vezina sold 812 shares of TD SYNNEX stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $150.42, for a total transaction of $122,141.04. Following the sale, the director directly owned 6,079 shares in the company, valued at $914,403.18. This trade represents a 11.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Marshall Witt sold 861 shares of TD SYNNEX stock in a transaction on 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 owned 49,777 shares in the company, valued at $7,458,585.68. This represents a 1.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 10,108 shares of company stock worth $1,564,778 over the last three months. Company insiders own 1.00% of the company’s stock.

TD SYNNEX Price Performance

TD SYNNEX stock opened at $153.17 on Tuesday. The stock has a market cap of $12.47 billion, a P/E ratio of 16.61, a price-to-earnings-growth ratio of 1.19 and a beta of 1.43. The company has a fifty day simple moving average of $153.95 and a 200-day simple moving average of $139.24. TD SYNNEX Corporation has a 12-month low of $92.23 and a 12-month high of $167.76. 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 (NYSE:SNX) last released its quarterly earnings data on Thursday, September 25th. The business services provider reported $2.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.05 by ($0.31). The firm had revenue of $15.65 billion for 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%.TD SYNNEX’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period last year, the firm posted $2.86 earnings per share. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. Equities analysts expect that TD SYNNEX Corporation will post 11.88 EPS for the current fiscal year.

TD SYNNEX Dividend Announcement

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

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.