Cookson Peirce & Co. Inc. Purchases 4,734 Shares of TD SYNNEX Corporation $SNX

Key Points

• Cookson Peirce & Co. Inc. increased its stake in TD SYNNEX Corporation by 11.0%, acquiring an additional 4,734 shares and owning a total of 47,886 shares valued at approximately $4.98 million.
• In recent trading activity, several hedge funds adjusted their positions in TD SYNNEX, with LPL Financial and Envestnet Asset Management increasing their holdings by 15.0% and 15.4%, respectively.
• TD SYNNEX reported $2.99 earnings per share for the latest quarter, exceeding expectations and showing a 7.2% revenue increase year-over-year.

Cookson Peirce & Co. Inc. increased its position in TD SYNNEX Corporation (NYSE:SNX - Free Report) by 11.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,886 shares of the business services provider's stock after acquiring an additional 4,734 shares during the period. Cookson Peirce & Co. Inc. owned approximately 0.06% of TD SYNNEX worth $4,978,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SNX. Nuveen LLC purchased a new position in shares of TD SYNNEX during the 1st quarter worth $121,259,000. Nuveen Asset Management LLC raised its position in TD SYNNEX by 343.2% in the fourth quarter. Nuveen Asset Management LLC now owns 1,210,036 shares of the business services provider's stock valued at $141,913,000 after purchasing an additional 937,040 shares during the period. JPMorgan Chase & Co. raised 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 valued at $405,441,000 after purchasing an additional 564,473 shares during the period. Boston Partners raised its position in TD SYNNEX by 321.6% in the first quarter. Boston Partners now owns 591,958 shares of the business services provider's stock valued at $61,547,000 after purchasing an additional 451,567 shares during the period. Finally, Brave Warrior Advisors LLC increased its position in shares of TD SYNNEX by 12.2% during the fourth quarter. Brave Warrior Advisors LLC now owns 4,147,172 shares of the business services provider's stock worth $486,380,000 after acquiring an additional 451,557 shares during the last quarter. Institutional investors and hedge funds own 84.00% of the company's stock.

TD SYNNEX Stock Performance

Shares of NYSE:SNX traded down $0.5450 during midday trading on Tuesday, hitting $146.9850. The company's stock had a trading volume of 99,682 shares, compared to its average volume of 797,489. The stock has a market capitalization of $12.12 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 1.20 and a beta of 1.32. The stock's 50 day simple moving average is $139.44 and its 200 day simple moving average is $128.31. TD SYNNEX Corporation has a fifty-two week low of $92.23 and a fifty-two week high of $153.70. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.75 and a current ratio of 1.26.

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

TD SYNNEX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, July 11th. TD SYNNEX's dividend payout ratio (DPR) is presently 20.56%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SNX shares. Bank of America boosted their price objective on TD SYNNEX from $156.00 to $170.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $145.00 target price on shares of TD SYNNEX in a report on Wednesday, June 25th. JPMorgan Chase & Co. boosted their price objective on TD SYNNEX from $143.00 to $160.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Barrington Research reissued an "outperform" rating and issued a $156.00 price objective on shares of TD SYNNEX in a report on Friday, July 11th. Finally, Wall Street Zen raised TD SYNNEX from a "hold" rating to a "buy" rating in a research note on Saturday. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, TD SYNNEX currently has a consensus rating of "Moderate Buy" and an average price target of $149.30.

Insider Transactions at TD SYNNEX

In other TD SYNNEX news, Director Richard T. Hume sold 63,310 shares of TD SYNNEX stock in a transaction on Friday, June 27th. The shares were 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 owned 67,515 shares of the company's stock, valued at approximately $9,197,568.45. The trade was a 48.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the sale, the insider directly owned 10,984 shares in the company, valued at $1,564,231.44. This represents a 10.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,888 shares of company stock valued at $9,115,025 in the last three months. Company insiders own 1.00% of the company's stock.

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.