Campbell & CO Investment Adviser LLC Trims Stock Position in TD SYNNEX Corporation $SNX

Campbell & CO Investment Adviser LLC cut its holdings in shares of TD SYNNEX Corporation (NYSE:SNX) by 30.6% in the third quarter, HoldingsChannel.com reports. The firm owned 14,538 shares of the business services provider’s stock after selling 6,418 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in TD SYNNEX were worth $2,381,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SNX. Quent Capital LLC purchased a new stake in TD SYNNEX during the 3rd quarter worth approximately $223,000. First Horizon Corp purchased a new position in shares of TD SYNNEX during the third quarter worth about $422,000. New York State Teachers Retirement System lifted its holdings in shares of TD SYNNEX by 9.8% during the third quarter. New York State Teachers Retirement System now owns 81,588 shares of the business services provider’s stock worth $13,360,000 after purchasing an additional 7,285 shares during the period. Oregon Public Employees Retirement Fund increased its stake 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 worth $2,528,000 after acquiring an additional 100 shares during the period. Finally, Venturi Wealth Management LLC purchased a new stake in shares of TD SYNNEX in the third quarter valued at approximately $239,000. 84.00% of the stock is owned by institutional investors and hedge funds.

TD SYNNEX Stock Performance

SNX stock opened at $150.05 on Friday. The stock’s 50 day simple moving average is $151.68 and its 200 day simple moving average is $150.40. TD SYNNEX Corporation has a 12-month low of $92.23 and a 12-month high of $167.76. The firm has a market cap of $12.22 billion, a P/E ratio of 15.05, a P/E/G ratio of 1.08 and a beta of 1.37. The company has a current ratio of 1.21, a quick ratio of 0.75 and a debt-to-equity ratio of 0.43.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings results on Thursday, January 8th. The business services provider reported $3.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.15. TD SYNNEX had a net margin of 1.32% and a return on equity of 12.60%. The company had revenue of $17.38 billion for the quarter, compared to the consensus estimate of $15.46 billion. During the same period last year, the firm 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. As a group, equities research analysts predict that TD SYNNEX Corporation will post 11.88 EPS for the current year.

TD SYNNEX Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be paid a $0.48 dividend. The ex-dividend date is Friday, January 16th. This is a positive change from TD SYNNEX’s previous quarterly dividend of $0.44. This represents a $1.92 dividend on an annualized basis and a yield of 1.3%. TD SYNNEX’s dividend payout ratio (DPR) is 17.65%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SNX shares. Barclays reduced their price target on shares of TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating for the company in a research report on Friday, January 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of TD SYNNEX in a research note on Wednesday, October 8th. UBS Group boosted their price objective on shares of TD SYNNEX from $187.00 to $193.00 and gave the company a “buy” rating in a research note on Friday, January 9th. Zacks Research lowered TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. Finally, Barrington Research reissued an “outperform” rating and set a $182.00 price target on shares of TD SYNNEX in a research report on Friday, January 9th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, TD SYNNEX has a consensus rating of “Moderate Buy” and a consensus target price of $170.64.

Insider Activity

In other news, insider Miriam Anne Murphy sold 1,673 shares of TD SYNNEX stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $156.49, for a total transaction of $261,807.77. Following the sale, the insider owned 16,529 shares of the company’s stock, valued at approximately $2,586,623.21. The trade was a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Richard T. Hume sold 5,000 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $153.77, for a total transaction of $768,850.00. Following the completion of the sale, the director directly owned 47,515 shares of the company’s stock, valued at $7,306,381.55. The trade was a 9.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 18,939 shares of company stock valued at $2,910,688. 1.00% of the stock is owned by company insiders.

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.