New York State Teachers Retirement System Sells 2,685 Shares of TD SYNNEX Corporation $SNX

New York State Teachers Retirement System lessened its stake in TD SYNNEX Corporation (NYSE:SNX) by 3.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 78,201 shares of the business services provider’s stock after selling 2,685 shares during the period. New York State Teachers Retirement System owned approximately 0.10% of TD SYNNEX worth $13,193,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Y Intercept Hong Kong Ltd bought a new stake in shares of TD SYNNEX in the first quarter worth $468,000. Root Financial Partners LLC lifted its holdings in TD SYNNEX by 177.4% in the first quarter. Root Financial Partners LLC now owns 821 shares of the business services provider’s stock valued at $139,000 after acquiring an additional 525 shares during the period. Essex Financial Services Inc. boosted its position in TD SYNNEX by 2.9% in the first quarter. Essex Financial Services Inc. now owns 1,957 shares of the business services provider’s stock worth $330,000 after purchasing an additional 56 shares during the last quarter. Impact Partnership Wealth LLC bought a new stake in shares of TD SYNNEX during the 1st quarter valued at about $1,009,000. Finally, SJS Investment Consulting Inc. grew its stake in shares of TD SYNNEX by 44.6% during the 1st quarter. SJS Investment Consulting Inc. now owns 201 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 62 shares during the period. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Miriam Anne Murphy sold 3,025 shares of the stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $200.14, for a total transaction of $605,423.50. Following the completion of the transaction, the insider directly owned 10,820 shares of the company’s stock, valued at approximately $2,165,514.80. This represents a 21.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard T. Hume sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $280.38, for a total value of $1,401,900.00. Following the transaction, the director owned 23,537 shares of the company’s stock, valued at $6,599,304.06. This represents a 17.52% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 18,025 shares of company stock worth $4,324,274 over the last ninety days. Insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Barrington Research increased their price objective on shares of TD SYNNEX from $202.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, June 26th. Morgan Stanley boosted their target price on shares of TD SYNNEX from $341.00 to $374.00 and gave the company an “overweight” rating in a research report on Friday, June 26th. Barclays increased their price target on shares of TD SYNNEX from $237.00 to $278.00 and gave the stock an “equal weight” rating in a research report on Thursday. UBS Group upped their price objective on TD SYNNEX from $310.00 to $352.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Finally, Royal Bank Of Canada set a $340.00 target price on TD SYNNEX in a research report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $294.67.

TD SYNNEX Trading Up 0.1%

TD SYNNEX stock opened at $244.82 on Monday. TD SYNNEX Corporation has a 1 year low of $138.25 and a 1 year high of $296.47. The firm’s 50 day moving average price is $253.95 and its 200-day moving average price is $196.06. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.20 and a quick ratio of 0.64. The stock has a market cap of $19.58 billion, a P/E ratio of 17.52, a PEG ratio of 0.69 and a beta of 1.43.

TD SYNNEX (NYSE:SNX) last issued its earnings results on Thursday, June 25th. The business services provider reported $4.85 earnings per share for the quarter, topping analysts’ consensus estimates of $4.14 by $0.71. The firm had revenue of $19.57 billion during the quarter, compared to analyst estimates of $16.80 billion. TD SYNNEX had a net margin of 1.63% and a return on equity of 15.37%. TD SYNNEX’s revenue for the quarter was up 31.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.99 earnings per share. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. On average, equities analysts predict that TD SYNNEX Corporation will post 18.02 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be given a dividend of $0.48 per share. The ex-dividend date is Friday, July 17th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.8%. TD SYNNEX’s dividend payout ratio (DPR) is presently 13.74%.

TD SYNNEX Company Profile

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.