Quadrant Capital Group LLC Buys 5,146 Shares of TD SYNNEX Corporation $SNX

Quadrant Capital Group LLC increased its stake in TD SYNNEX Corporation by 266.8% in Q2, owning 7,075 shares valued at $960,000. Other institutional investors also adjusted their holdings. Insider transactions included sales by Miriam Anne Murphy and Richard T. Hume. TD SYNNEX reported Q3 earnings of $3.58 per share, surpassing estimates, with revenue of $15.65 billion. The company announced a quarterly dividend of $0.44 per share. Analysts have set a price target of $175.00 for SNX.

Quadrant Capital Group LLC boosted its stake in shares of TD SYNNEX Corporation (NYSE:SNX - Free Report) by 266.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,075 shares of the business services provider's stock after buying an additional 5,146 shares during the period. Quadrant Capital Group LLC's holdings in TD SYNNEX were worth $960,000 at the end of the most recent quarter.

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Several other institutional investors and hedge funds also recently bought and sold shares of SNX. Nuveen LLC bought a new stake in shares of TD SYNNEX in the 1st quarter worth about $121,259,000. Metropolis Capital Ltd purchased a new stake in TD SYNNEX in the 2nd quarter worth about $115,168,000. Vanguard Group Inc. lifted its stake in TD SYNNEX by 10.1% in the second quarter. Vanguard Group Inc. now owns 8,248,639 shares of the business services provider's stock worth $1,119,340,000 after purchasing an additional 759,022 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of TD SYNNEX by 16.9% during the first quarter. JPMorgan Chase & Co. now owns 3,899,974 shares of the business services provider's stock valued at $405,441,000 after buying an additional 564,473 shares during the period. Finally, Boston Partners grew its stake in shares of TD SYNNEX by 321.6% during the first quarter. Boston Partners now owns 591,958 shares of the business services provider's stock valued at $61,547,000 after buying an additional 451,567 shares during the last quarter. 84.00% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at TD SYNNEX

In other news, insider Miriam Anne Murphy sold 1,673 shares of the firm's stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $156.49, for a total value of $261,807.77. Following the sale, the insider directly owned 16,529 shares in the company, valued at approximately $2,586,623.21. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard T. Hume sold 5,000 shares of TD SYNNEX stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $153.81, for a total transaction of $769,050.00. Following the completion of the transaction, the director directly owned 57,515 shares in the company, valued at approximately $8,846,382.15. The trade was a 8.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 14,632 shares of company stock valued at $2,264,033 over the last 90 days. Company insiders own 1.00% of the company's stock.

TD SYNNEX Trading Up 0.4%

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NYSE SNX opened at $152.48 on Monday. The company's 50-day simple moving average is $154.09 and its two-hundred day simple moving average is $144.12. TD SYNNEX Corporation has a one year low of $92.23 and a one year high of $167.76. The company has a market capitalization of $12.42 billion, a price-to-earnings ratio of 16.54, a price-to-earnings-growth ratio of 1.19 and a beta of 1.41. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.71 and a current ratio of 1.20.

TD SYNNEX (NYSE:SNX - Get Free Report) last released its quarterly earnings data on Thursday, September 25th. The business services provider reported $3.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.05 by $0.53. The firm had revenue of $15.65 billion for the quarter, compared to the consensus estimate of $15.11 billion. TD SYNNEX had a net margin of 1.27% and a return on equity of 12.13%. The company's quarterly revenue was up 6.6% on a year-over-year basis. During the same period last 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 forecast that TD SYNNEX Corporation will post 11.88 EPS for the current fiscal year.

TD SYNNEX Dividend Announcement

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

Analyst Ratings Changes

SNX has been the subject of a number of research analyst reports. Raymond James Financial set a $175.00 price target on TD SYNNEX in a research note on Thursday, September 25th. Zacks Research upgraded TD SYNNEX from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 1st. Royal Bank Of Canada boosted their target price on shares of TD SYNNEX from $165.00 to $180.00 and gave the company an "outperform" rating in a research note on Friday, September 26th. The Goldman Sachs Group raised their price target 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. Finally, UBS Group boosted their price objective on shares of TD SYNNEX from $154.00 to $187.00 and gave the company a "buy" rating in a research report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, TD SYNNEX currently has a consensus rating of "Moderate Buy" and an average price target of $169.55.

Get Our Latest Stock Report on TD SYNNEX

TD SYNNEX Profile

(Free Report)

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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