California Public Employees Retirement System Has $37.41 Million Stock Position in TD SYNNEX Corporation $SNX

California Public Employees Retirement System decreased its stake in shares of TD SYNNEX Corporation (NYSE:SNX) by 22.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 275,671 shares of the business services provider’s stock after selling 80,324 shares during the period. California Public Employees Retirement System owned approximately 0.33% of TD SYNNEX worth $37,409,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in 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 purchasing an additional 188 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of TD SYNNEX in the second quarter valued at about $55,000. MAI Capital Management boosted its position in shares of TD SYNNEX by 90.2% during the second quarter. MAI Capital Management now owns 428 shares of the business services provider’s stock worth $58,000 after buying an additional 203 shares during the period. Hantz Financial Services Inc. grew its holdings 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 worth $60,000 after buying an additional 405 shares in the last quarter. Finally, Quarry LP acquired a new stake in TD SYNNEX in the 1st quarter valued at approximately $51,000. 84.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TD SYNNEX

In other news, Director Merline Saintil sold 168 shares of the stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $153.38, for a total transaction of $25,767.84. Following the transaction, the director owned 7,162 shares in the company, valued at approximately $1,098,507.56. This trade represents a 2.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alim Dhanji sold 1,762 shares of the business’s 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 completion of the sale, the insider owned 13,426 shares of the company’s stock, valued at $2,074,988.30. This trade represents a 11.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 19,800 shares of company stock valued at $3,050,350. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

SNX has been the subject of a number of recent research reports. Wall Street Zen downgraded TD SYNNEX from a “buy” rating to a “hold” rating in a research report on Monday, November 3rd. Royal Bank Of Canada boosted their price objective on shares of TD SYNNEX from $165.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, September 26th. Raymond James Financial set a $175.00 target price on shares of TD SYNNEX in a research report on Thursday, September 25th. Barclays lifted their price target on shares of TD SYNNEX from $140.00 to $164.00 and gave the company an “equal weight” rating in a research note on Friday, September 26th. Finally, The Goldman Sachs Group increased their price objective on shares of TD SYNNEX from $145.00 to $164.00 and gave the stock a “buy” rating in a research note 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 assigned a Hold rating to the company. According to MarketBeat, TD SYNNEX has an average rating of “Moderate Buy” and an average target price of $169.55.

TD SYNNEX Trading Up 1.1%

SNX stock opened at $156.01 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.20 and a quick ratio of 0.71. The company has a fifty day moving average price of $153.33 and a two-hundred day moving average price of $145.71. TD SYNNEX Corporation has a one year low of $92.23 and a one year high of $167.76. The stock has a market cap of $12.71 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 1.07 and a beta of 1.36.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings data on Thursday, September 25th. The business services provider reported $3.58 earnings per share for the quarter, beating the consensus estimate of $3.05 by $0.53. The company had revenue of $15.65 billion for the quarter, compared to analyst estimates of $15.11 billion. TD SYNNEX had a net margin of 1.27% and a return on equity of 12.13%. The company’s revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.86 earnings per share. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. Equities analysts anticipate that TD SYNNEX Corporation will post 11.88 EPS for the current year.

TD SYNNEX Announces Dividend

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

About TD SYNNEX

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.