California Public Employees Retirement System Has $36.30 Million Holdings in TD SYNNEX Corporation $SNX

California Public Employees Retirement System cut its position in shares of TD SYNNEX Corporation (NYSE:SNX) by 3.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 215,139 shares of the business services provider’s stock after selling 6,560 shares during the quarter. California Public Employees Retirement System’s holdings in TD SYNNEX were worth $36,296,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. Essex Financial Services Inc. increased its stake in shares of TD SYNNEX by 2.9% in the 1st quarter. Essex Financial Services Inc. now owns 1,957 shares of the business services provider’s stock valued at $330,000 after acquiring an additional 56 shares in the last quarter. Kesler Norman & Wride LLC raised its holdings in shares of TD SYNNEX by 0.7% in the 1st quarter. Kesler Norman & Wride LLC now owns 8,581 shares of the business services provider’s stock worth $1,448,000 after acquiring an additional 61 shares during the last quarter. SJS Investment Consulting Inc. lifted its holdings in shares of TD SYNNEX by 44.6% in the first 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 in the last quarter. Ashton Thomas Private Wealth LLC lifted its stake in TD SYNNEX by 3.5% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 2,107 shares of the business services provider’s stock valued at $317,000 after acquiring an additional 71 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC boosted its holdings in TD SYNNEX by 4.1% during the first quarter. Turtle Creek Wealth Advisors LLC now owns 1,847 shares of the business services provider’s stock worth $312,000 after purchasing an additional 72 shares during the last quarter. 84.00% of the stock is currently owned by institutional investors.

Insider Activity at TD SYNNEX

In other news, Director Richard T. Hume sold 5,000 shares of TD SYNNEX stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $242.97, for a total transaction of $1,214,850.00. Following the sale, the director owned 18,537 shares of the company’s stock, valued at approximately $4,503,934.89. The trade was a 21.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 20,000 shares of company stock valued at $4,933,700. Company insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on SNX. UBS Group upped their price objective on TD SYNNEX from $310.00 to $352.00 and gave the company a “buy” rating in a research note on Friday, June 26th. The Goldman Sachs Group set a $330.00 price objective on shares of TD SYNNEX in a research note on Friday, June 26th. Barrington Research upped their price target on TD SYNNEX from $202.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, June 26th. Weiss Ratings cut shares of TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, June 17th. Finally, Royal Bank Of Canada set a $340.00 target price on shares of TD SYNNEX in a research note on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $294.67.

TD SYNNEX Stock Up 4.5%

SNX opened at $249.18 on Wednesday. The company has a current ratio of 1.20, a quick ratio of 0.64 and a debt-to-equity ratio of 0.40. TD SYNNEX Corporation has a 12 month low of $139.23 and a 12 month high of $296.47. The business’s 50-day moving average price is $257.75 and its 200-day moving average price is $203.97. The company has a market cap of $19.92 billion, a P/E ratio of 17.84, a P/E/G ratio of 0.67 and a beta of 1.43.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings data on Thursday, June 25th. The business services provider reported $4.85 earnings per share for the quarter, beating 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 return on equity of 15.37% and a net margin of 1.63%.The business’s quarterly revenue was up 31.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.99 earnings per share. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. On average, equities analysts expect that TD SYNNEX Corporation will post 18.02 EPS for the current year.

TD SYNNEX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a $1.92 dividend on an annualized basis and a 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.