Brandywine Global Investment Management LLC lowered its holdings in TD SYNNEX Corporation (NYSE:SNX - Free Report) by 51.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,383 shares of the business services provider's stock after selling 53,462 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.06% of TD SYNNEX worth $5,342,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in SNX. Fox Run Management L.L.C. acquired a new position in TD SYNNEX during the 1st quarter worth approximately $1,366,000. Cookson Peirce & Co. Inc. grew its holdings in TD SYNNEX by 11.0% during the 1st quarter. Cookson Peirce & Co. Inc. now owns 47,886 shares of the business services provider's stock worth $4,978,000 after acquiring an additional 4,734 shares in the last quarter. Boston Partners grew its holdings in TD SYNNEX by 321.6% during the 1st quarter. Boston Partners now owns 591,958 shares of the business services provider's stock worth $61,547,000 after acquiring an additional 451,567 shares in the last quarter. LGT Fund Management Co Ltd. acquired a new position in TD SYNNEX during the 1st quarter worth approximately $2,495,000. Finally, Russell Investments Group Ltd. grew its holdings in TD SYNNEX by 84.3% during the 1st quarter. Russell Investments Group Ltd. now owns 64,012 shares of the business services provider's stock worth $6,655,000 after acquiring an additional 29,278 shares in the last quarter. Institutional investors and hedge funds own 84.00% of the company's stock.
Insider Buying and Selling at TD SYNNEX
In other TD SYNNEX news, Director Ann F. Vezina sold 812 shares of the firm's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $150.42, for a total transaction of $122,141.04. Following the completion of the transaction, the director directly owned 6,079 shares in the company, valued at approximately $914,403.18. This trade represents a 11.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Marshall Witt sold 1,509 shares of the firm's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $125.35, for a total transaction of $189,153.15. Following the sale, the chief financial officer directly owned 49,563 shares in the company, valued at $6,212,722.05. This represents a 2.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,888 shares of company stock valued at $9,115,025. Insiders own 1.00% of the company's stock.
Analyst Ratings Changes
Several analysts have recently weighed in on the stock. Bank of America boosted their price objective on shares of TD SYNNEX from $156.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Loop Capital upped their price target on shares of TD SYNNEX from $150.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, June 30th. Morgan Stanley set a $155.00 price target on shares of TD SYNNEX and gave the company an "overweight" rating in a research report on Wednesday, June 25th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $145.00 price target on shares of TD SYNNEX in a research report on Wednesday, June 25th. Finally, Wall Street Zen upgraded shares of TD SYNNEX from a "hold" rating to a "buy" rating in a research report on Saturday. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $149.30.
Check Out Our Latest Report on SNX
TD SYNNEX Price Performance
Shares of NYSE:SNX traded down $0.9460 on Wednesday, reaching $145.2640. 369,739 shares of the company were exchanged, compared to its average volume of 556,874. The company has a current ratio of 1.26, a quick ratio of 0.75 and a debt-to-equity ratio of 0.45. TD SYNNEX Corporation has a 1-year low of $92.23 and a 1-year high of $153.70. The firm has a market cap of $11.98 billion, a price-to-earnings ratio of 16.97, a price-to-earnings-growth ratio of 1.19 and a beta of 1.32. The company has a 50-day moving average of $140.21 and a 200-day moving average of $128.55.
TD SYNNEX (NYSE:SNX - Get Free Report) last posted its quarterly earnings results on Tuesday, June 24th. The business services provider reported $2.99 earnings per share for the quarter, topping analysts' consensus estimates of $2.71 by $0.28. TD SYNNEX had a net margin of 1.21% and a return on equity of 11.58%. The business had revenue of $14.95 billion for the quarter, compared to analysts' expectations of $14.30 billion. During the same period in the prior year, the company posted $2.73 EPS. The business's revenue for the quarter was up 7.2% on a year-over-year basis. TD SYNNEX has set its Q3 2025 guidance at 2.750-3.250 EPS. Equities analysts forecast that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal year.
TD SYNNEX Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, July 11th. TD SYNNEX's dividend payout ratio (DPR) is 20.56%.
About TD SYNNEX
(
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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