Verity Asset Management Inc. Takes $319,000 Position in TD SYNNEX Corporation $SNX

Verity Asset Management Inc. purchased a new stake in TD SYNNEX Corporation (NYSE:SNX) in the 2nd quarter, HoldingsChannel reports. The fund purchased 2,352 shares of the business services provider’s stock, valued at approximately $319,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of TD SYNNEX by 329.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 245 shares of the business services provider’s stock valued at $25,000 after buying an additional 188 shares during the period. Cullen Frost Bankers Inc. bought a new stake in shares of TD SYNNEX during the 1st quarter valued at about $44,000. Quarry LP bought a new stake in shares of TD SYNNEX during the 1st quarter valued at about $51,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of TD SYNNEX during the 2nd quarter valued at about $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 valued at $60,000 after purchasing an additional 405 shares in the last quarter. Institutional investors and hedge funds own 84.00% of the company’s stock.

Insider Buying and Selling

In other news, insider Alim Dhanji sold 1,762 shares of the firm’s stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $154.55, for a total value of $272,317.10. Following the transaction, the insider owned 13,426 shares in the company, valued at $2,074,988.30. This trade represents a 11.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard T. Hume sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $155.90, for a total value of $779,500.00. Following the completion of the transaction, the director owned 62,515 shares in the company, valued at $9,746,088.50. This represents a 7.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 10,108 shares of company stock valued at $1,564,778. 1.00% of the stock is currently owned by company insiders.

TD SYNNEX Stock Down 2.1%

Shares of NYSE:SNX opened at $153.17 on Tuesday. The business’s 50 day simple moving average is $153.95 and its two-hundred day simple moving average is $139.24. The firm has a market cap of $12.47 billion, a P/E ratio of 16.61, a PEG ratio of 1.19 and a beta of 1.43. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.71 and a current ratio of 1.20. TD SYNNEX Corporation has a 52-week low of $92.23 and a 52-week high of $167.76.

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

TD SYNNEX Announces Dividend

The business also recently announced 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 1.1%. The ex-dividend date was Friday, October 17th. TD SYNNEX’s dividend payout ratio (DPR) is currently 19.09%.

Analysts Set New Price Targets

Several equities research analysts recently commented on SNX shares. The Goldman Sachs Group upped their target price on TD SYNNEX from $145.00 to $164.00 and gave the company a “buy” rating in a research report on Thursday, September 25th. Barrington Research upped their target price on TD SYNNEX from $156.00 to $182.00 and gave the company an “outperform” rating in a research report on Monday, September 29th. JPMorgan Chase & Co. upped their target price on TD SYNNEX from $143.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, July 17th. Weiss Ratings reiterated a “buy (b-)” rating on shares of TD SYNNEX in a report on Wednesday, October 8th. Finally, Wall Street Zen lowered TD SYNNEX from a “buy” rating to a “hold” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $169.55.

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.