AQR Capital Management LLC Sells 76,572 Shares of TD SYNNEX Corporation $SNX

Key Points

• AQR Capital Management LLC has reduced its stake in TD SYNNEX Corporation by 7.3%, now holding 977,895 shares valued at approximately $101.1 million.
• TD SYNNEX recently reported earnings of $2.99 per share, exceeding expectations and reflecting a 7.2% increase in revenue compared to the previous year.
• The company declared a quarterly dividend of $0.44 per share, with a current annualized dividend yield of 1.2%.

AQR Capital Management LLC lowered its stake in shares of TD SYNNEX Corporation (NYSE:SNX - Free Report) by 7.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 977,895 shares of the business services provider's stock after selling 76,572 shares during the quarter. AQR Capital Management LLC owned approximately 1.17% of TD SYNNEX worth $101,095,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in SNX. Envestnet Asset Management Inc. lifted its holdings in shares of TD SYNNEX by 36.5% in the first quarter. Envestnet Asset Management Inc. now owns 75,778 shares of the business services provider's stock worth $7,878,000 after buying an additional 20,280 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in TD SYNNEX by 3.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,252 shares of the business services provider's stock valued at $754,000 after purchasing an additional 244 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in TD SYNNEX by 11.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,361 shares of the business services provider's stock valued at $765,000 after purchasing an additional 785 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in TD SYNNEX by 16.5% in the first quarter. PNC Financial Services Group Inc. now owns 5,390 shares of the business services provider's stock valued at $560,000 after purchasing an additional 763 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in TD SYNNEX by 95.8% in the first quarter. UMB Bank n.a. now owns 840 shares of the business services provider's stock valued at $87,000 after purchasing an additional 411 shares in the last quarter. Institutional investors own 84.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on SNX. Barrington Research reissued an "outperform" rating and set a $156.00 price target on shares of TD SYNNEX in a research note on Friday, July 11th. Loop Capital lifted their price target on TD SYNNEX from $150.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, June 30th. Royal Bank Of Canada lifted their price target on TD SYNNEX from $145.00 to $165.00 and gave the stock an "outperform" rating in a research report on Friday, August 22nd. JPMorgan Chase & Co. lifted their price target on TD SYNNEX from $143.00 to $160.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Finally, Barclays set a $140.00 price target on TD SYNNEX in a research report on Tuesday, June 24th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $151.30.

TD SYNNEX Stock Performance

Shares of TD SYNNEX stock traded down $0.95 during trading hours on Tuesday, reaching $149.44. 552,170 shares of the stock traded hands, compared to its average volume of 777,707. The company has a 50 day moving average price of $145.14 and a 200 day moving average price of $128.88. The firm has a market capitalization of $12.32 billion, a price-to-earnings ratio of 17.46, a P/E/G ratio of 1.22 and a beta of 1.35. TD SYNNEX Corporation has a one year low of $92.23 and a one year high of $153.70. The company has a quick ratio of 0.75, a current ratio of 1.26 and a debt-to-equity ratio of 0.45.

TD SYNNEX (NYSE:SNX - Get Free Report) last released its quarterly earnings results on Tuesday, June 24th. The business services provider reported $2.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.71 by $0.28. The business had revenue of $14.95 billion during the quarter, compared to the consensus estimate of $14.30 billion. TD SYNNEX had a return on equity of 11.58% and a net margin of 1.21%.The business's quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.73 EPS. TD SYNNEX has set its Q3 2025 guidance at 2.750-3.250 EPS. On average, equities research analysts expect 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, July 25th. Shareholders of record on Friday, July 11th 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, July 11th. TD SYNNEX's payout ratio is currently 20.56%.

Insider Transactions at TD SYNNEX

In other TD SYNNEX news, Director Richard T. Hume sold 63,310 shares of the business's stock in a transaction dated 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 sale, the director directly owned 67,515 shares in the company, valued at $9,197,568.45. The trade was a 48.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ann F. Vezina sold 812 shares of the business's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $150.42, for a total value of $122,141.04. Following the sale, the director owned 6,079 shares of the company's stock, valued at approximately $914,403.18. This represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,888 shares of company stock valued at $9,115,025. 1.00% of the stock is owned by company insiders.

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.