Advisors Asset Management Inc. Has $1.07 Million Stock Holdings in TD SYNNEX Corporation $SNX

Key Points

• Advisors Asset Management Inc. significantly increased its stake in TD SYNNEX Corporation by 342.5%, acquiring an additional 7,954 shares, bringing its total holdings to 10,276 shares valued at approximately $1,068,000.
• TD SYNNEX reported strong quarterly earnings, posting $2.99 earnings per share and exceeding expectations with a revenue of $14.95 billion, a year-over-year increase of 7.2%.
• The company recently announced a quarterly dividend of $0.44 per share, representing an annualized yield of 1.2% with a payout ratio of 20.56%.

Advisors Asset Management Inc. boosted its position in TD SYNNEX Corporation (NYSE:SNX - Free Report) by 342.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,276 shares of the business services provider's stock after acquiring an additional 7,954 shares during the quarter. Advisors Asset Management Inc.'s holdings in TD SYNNEX were worth $1,068,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in TD SYNNEX by 329.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 245 shares of the business services provider's stock valued at $25,000 after acquiring an additional 188 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of TD SYNNEX by 115.1% during the first quarter. Versant Capital Management Inc now owns 342 shares of the business services provider's stock worth $36,000 after purchasing an additional 183 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in shares of TD SYNNEX during the first quarter worth about $44,000. Quarry LP acquired a new position in shares of TD SYNNEX during the first quarter worth about $51,000. Finally, State of Wyoming lifted its stake in shares of TD SYNNEX by 51.9% during the fourth quarter. State of Wyoming now owns 594 shares of the business services provider's stock worth $70,000 after purchasing an additional 203 shares in the last quarter. Institutional investors and hedge funds own 84.00% of the company's stock.

Insider Activity

In other TD SYNNEX news, insider Alim Dhanji sold 1,257 shares of the business's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $142.41, for a total transaction of $179,009.37. Following the sale, the insider directly owned 10,984 shares of the company's stock, valued at $1,564,231.44. The trade was a 10.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard T. Hume sold 63,310 shares of the company's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $136.23, for a total transaction of $8,624,721.30. Following the completion of the transaction, the director directly owned 67,515 shares in the company, valued at $9,197,568.45. This trade represents a 48.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 66,888 shares of company stock valued at $9,115,025 in the last 90 days. Company insiders own 1.00% of the company's stock.

TD SYNNEX Price Performance

Shares of NYSE:SNX traded down $0.62 on Friday, reaching $151.73. 571,286 shares of the company traded hands, compared to its average volume of 521,467. TD SYNNEX Corporation has a fifty-two week low of $92.23 and a fifty-two week high of $153.70. The company's 50 day moving average is $146.13 and its 200-day moving average is $129.34. The stock has a market capitalization of $12.51 billion, a PE ratio of 17.73, a P/E/G ratio of 1.24 and a beta of 1.35. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.26 and a quick ratio of 0.75.

TD SYNNEX (NYSE:SNX - Get Free Report) last announced its earnings results on Tuesday, June 24th. The business services provider reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $0.28. TD SYNNEX had a net margin of 1.21% and a return on equity of 11.58%. The company had revenue of $14.95 billion for the quarter, compared to the consensus estimate of $14.30 billion. During the same period in the previous year, the business earned $2.73 EPS. The company's revenue was up 7.2% on a year-over-year basis. TD SYNNEX has set its Q3 2025 guidance at 2.750-3.250 EPS. As a group, analysts anticipate that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, July 11th. TD SYNNEX's payout ratio is 20.56%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SNX shares. Morgan Stanley set a $155.00 price target on TD SYNNEX and gave the stock an "overweight" rating in a research note on Wednesday, June 25th. Royal Bank Of Canada boosted their price target on TD SYNNEX from $145.00 to $165.00 and gave the stock an "outperform" rating in a research note on Friday, August 22nd. Bank of America boosted their price target on TD SYNNEX from $156.00 to $170.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Barclays set a $140.00 price objective on TD SYNNEX in a report on Tuesday, June 24th. Finally, Wall Street Zen raised TD SYNNEX from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $151.30.

About TD SYNNEX

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.