Brave Warrior Advisors LLC Has $423.79 Million Stake in TD SYNNEX Corporation $SNX

Key Points

• Brave Warrior Advisors LLC has reduced its stake in TD SYNNEX Corporation by 1.7%, now holding approximately 4.07 million shares, which represents 9.7% of its investment portfolio.
• Analysts are optimistic, with eight firms rating TD SYNNEX as a "Buy" and a consensus price target of $151.30, reflecting positive market sentiment.
• The company has recently reported solid earnings, achieving an EPS of $2.99 for the quarter, exceeding estimates and showing a 7.2% year-over-year revenue growth.

Brave Warrior Advisors LLC lowered its stake in shares of TD SYNNEX Corporation (NYSE:SNX - Free Report) by 1.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,076,466 shares of the business services provider's stock after selling 70,706 shares during the quarter. TD SYNNEX accounts for 9.7% of Brave Warrior Advisors LLC's investment portfolio, making the stock its 2nd largest holding. Brave Warrior Advisors LLC owned 4.86% of TD SYNNEX worth $423,789,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of SNX. JPMorgan Chase & Co. boosted its position in TD SYNNEX by 16.9% in the first quarter. JPMorgan Chase & Co. now owns 3,899,974 shares of the business services provider's stock worth $405,441,000 after purchasing an additional 564,473 shares during the last quarter. Ninety One UK Ltd lifted its position in shares of TD SYNNEX by 8.5% during the 1st quarter. Ninety One UK Ltd now owns 2,565,191 shares of the business services provider's stock valued at $266,677,000 after buying an additional 200,628 shares during the last quarter. LSV Asset Management lifted its position in shares of TD SYNNEX by 10.3% during the 1st quarter. LSV Asset Management now owns 1,891,769 shares of the business services provider's stock valued at $196,668,000 after buying an additional 175,922 shares during the last quarter. Nuveen Asset Management LLC lifted its position in shares of TD SYNNEX by 343.2% during the 4th quarter. Nuveen Asset Management LLC now owns 1,210,036 shares of the business services provider's stock valued at $141,913,000 after buying an additional 937,040 shares during the last quarter. Finally, Nuveen LLC purchased a new position in shares of TD SYNNEX during the 1st quarter valued at $121,259,000. Institutional investors own 84.00% of the company's stock.

Insider Transactions at TD SYNNEX

In related news, insider Alim Dhanji sold 1,257 shares of TD SYNNEX stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $142.41, for a total value of $179,009.37. Following the completion of the sale, the insider owned 10,984 shares of the company's stock, valued at $1,564,231.44. The trade was a 10.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Marshall Witt sold 1,509 shares of TD SYNNEX stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $125.35, for a total value of $189,153.15. Following the completion of the sale, the chief financial officer directly owned 49,563 shares of the company's stock, valued at $6,212,722.05. The trade was a 2.95% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,888 shares of company stock worth $9,115,025. 1.00% of the stock is currently owned by insiders.

TD SYNNEX Stock Up 0.7%

NYSE:SNX traded up $1.09 during trading hours on Thursday, reaching $149.08. 625,711 shares of the company traded hands, compared to its average volume of 779,380. The business's 50-day moving average price is $144.31 and its two-hundred day moving average price is $128.95. The stock has a market capitalization of $12.29 billion, a P/E ratio of 17.42, a P/E/G ratio of 1.21 and a beta of 1.35. TD SYNNEX Corporation has a 1 year low of $92.23 and a 1 year high of $153.70. 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 (NYSE:SNX - Get Free Report) last announced its quarterly earnings data 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 analysts' expectations of $14.30 billion. TD SYNNEX had a return on equity of 11.58% and a net margin of 1.21%.The firm's quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.73 earnings per share. TD SYNNEX has set its Q3 2025 guidance at 2.750-3.250 EPS. Analysts predict that TD SYNNEX Corporation will post 11.88 earnings per share for the current year.

TD SYNNEX Announces Dividend

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

Analysts Set New Price Targets

SNX has been the topic of a number of recent research reports. Barclays set a $140.00 price objective on TD SYNNEX in a report on Tuesday, June 24th. JPMorgan Chase & Co. increased their price objective on TD SYNNEX from $143.00 to $160.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Morgan Stanley set a $155.00 price target on TD SYNNEX and gave the company an "overweight" rating in a report on Wednesday, June 25th. Barrington Research reaffirmed an "outperform" rating and issued a $156.00 price target on shares of TD SYNNEX in a report on Friday, July 11th. Finally, Loop Capital increased their price objective on TD SYNNEX from $150.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, June 30th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, TD SYNNEX presently has an average rating of "Moderate Buy" and a consensus target price 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.