TD SYNNEX Corporation $SNX Holdings Raised by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lifted its position in shares of TD SYNNEX Corporation (NYSE:SNX - Free Report) by 2.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 321,054 shares of the business services provider's stock after acquiring an additional 8,189 shares during the period. Loomis Sayles & Co. L P owned about 0.39% of TD SYNNEX worth $43,567,000 at the end of the most recent reporting period.

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A number of other hedge funds have also recently added to or reduced their stakes in SNX. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of TD SYNNEX by 329.8% during the first 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 acquired a new position in TD SYNNEX during the 2nd quarter valued at about $55,000. MAI Capital Management grew its position in TD SYNNEX by 90.2% in the 2nd quarter. MAI Capital Management now owns 428 shares of the business services provider's stock valued at $58,000 after buying an additional 203 shares in the last quarter. Hantz Financial Services Inc. raised its position in TD SYNNEX by 1,012.5% in the second quarter. Hantz Financial Services Inc. now owns 445 shares of the business services provider's stock worth $60,000 after acquiring an additional 405 shares in the last quarter. Finally, Quarry LP bought a new position in shares of TD SYNNEX during the 1st quarter valued at about $51,000. Institutional investors and hedge funds own 84.00% of the company's stock.

Insiders Place Their Bets

In other TD SYNNEX news, insider Miriam Anne Murphy sold 1,673 shares of the business's stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $156.49, for a total value of $261,807.77. Following the completion of the sale, the insider directly owned 16,529 shares of the company's stock, valued at $2,586,623.21. The trade was a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Alim Dhanji sold 1,762 shares of the firm's stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $154.55, for a total transaction of $272,317.10. Following the transaction, the insider owned 13,426 shares in the company, valued at $2,074,988.30. This represents a 11.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 14,632 shares of company stock worth $2,264,033 in the last quarter. Corporate insiders own 1.00% of the company's stock.

TD SYNNEX Stock Up 0.4%

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SNX stock opened at $152.48 on Friday. The company has a 50 day moving average of $154.09 and a two-hundred day moving average of $143.85. The company has a market cap of $12.42 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 1.19 and a beta of 1.41. TD SYNNEX Corporation has a 12-month low of $92.23 and a 12-month high of $167.76. The company has a quick ratio of 0.71, a current ratio of 1.20 and a debt-to-equity ratio of 0.36.

TD SYNNEX (NYSE:SNX - Get Free Report) last posted its quarterly earnings results on Thursday, September 25th. The business services provider reported $3.58 earnings per share for the quarter, topping analysts' consensus estimates of $3.05 by $0.53. TD SYNNEX had a net margin of 1.27% and a return on equity of 12.13%. The business had revenue of $15.65 billion for the quarter, compared to the consensus estimate of $15.11 billion. During the same period in the prior year, the business posted $2.86 earnings per share. TD SYNNEX'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. On average, equities analysts anticipate that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 17th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, October 17th. TD SYNNEX's payout ratio is currently 19.09%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Barrington Research increased their target price on shares of TD SYNNEX from $156.00 to $182.00 and gave the company an "outperform" rating in a research note on Monday, September 29th. Zacks Research upgraded TD SYNNEX from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 1st. The Goldman Sachs Group raised their price objective on TD SYNNEX from $145.00 to $164.00 and gave the stock a "buy" rating in a research note on Thursday, September 25th. Morgan Stanley boosted their target price on TD SYNNEX from $173.00 to $181.00 and gave the stock an "overweight" rating in a research report on Friday, September 26th. Finally, Raymond James Financial set a $175.00 price target on TD SYNNEX in a research report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $169.55.

View Our Latest Research Report on TD SYNNEX

TD SYNNEX Company 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.

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