Credit Agricole S A Acquires New Position in TD SYNNEX Corporation $SNX

Key Points

• Credit Agricole S A acquired 13,333 shares of TD SYNNEX Corporation (NYSE:SNX) valued at approximately $1.39 million in the first quarter, indicating strong institutional interest in the company.
• Several other large investors, including Envestnet Asset Management Inc. and Wealth Enhancement Advisory Services LLC, also increased their stakes in TD SYNNEX, demonstrating heightened investor confidence.
• TD SYNNEX's latest quarterly earnings report exceeded expectations, with an earnings per share of $2.99 compared to the consensus estimate of $2.71, and revenue growth of 7.2% year-over-year.

Credit Agricole S A acquired a new stake in TD SYNNEX Corporation (NYSE:SNX - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 13,333 shares of the business services provider's stock, valued at approximately $1,386,000.

Several other large investors also recently bought and sold shares of the company. Brave Warrior Advisors LLC grew its position in TD SYNNEX by 12.2% in the fourth quarter. Brave Warrior Advisors LLC now owns 4,147,172 shares of the business services provider's stock valued at $486,380,000 after acquiring an additional 451,557 shares in the last quarter. JPMorgan Chase & Co. grew 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 acquiring an additional 564,473 shares in the last quarter. Ninety One UK Ltd grew its position in TD SYNNEX by 8.5% in the first quarter. Ninety One UK Ltd now owns 2,565,191 shares of the business services provider's stock valued at $266,677,000 after acquiring an additional 200,628 shares in the last quarter. LSV Asset Management grew its position in TD SYNNEX by 10.3% in the first quarter. LSV Asset Management now owns 1,891,769 shares of the business services provider's stock valued at $196,668,000 after acquiring an additional 175,922 shares in the last quarter. Finally, Nuveen Asset Management LLC grew 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 acquiring an additional 937,040 shares in the last quarter. Institutional investors and hedge funds own 84.00% of the company's stock.

TD SYNNEX Stock Performance

SNX traded up $1.59 during trading hours on Wednesday, hitting $149.42. 570,907 shares of the stock were exchanged, compared to its average volume of 541,533. The stock has a 50-day simple moving average of $142.53 and a 200-day simple moving average of $128.77. TD SYNNEX Corporation has a 12 month low of $92.23 and a 12 month high of $153.70. The stock has a market cap of $12.32 billion, a price-to-earnings ratio of 17.46, a price-to-earnings-growth ratio of 1.20 and a beta of 1.32. 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 quarterly earnings data on Tuesday, June 24th. The business services provider reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.28. TD SYNNEX had a return on equity of 11.58% and a net margin of 1.21%.The firm had revenue of $14.95 billion for the quarter, compared to analysts' expectations of $14.30 billion. During the same period last year, the business posted $2.73 earnings per share. The firm'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. Analysts anticipate that TD SYNNEX Corporation will post 11.88 earnings per share for the current year.

TD SYNNEX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were issued 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 of this dividend was Friday, July 11th. TD SYNNEX's dividend payout ratio (DPR) is 20.56%.

Insiders Place Their Bets

In related news, Director Ann F. Vezina sold 812 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $150.42, for a total value of $122,141.04. Following the completion of the transaction, the director owned 6,079 shares in the company, valued at $914,403.18. This trade represents a 11.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Marshall Witt sold 1,509 shares of the stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $125.35, for a total value of $189,153.15. Following the completion of the transaction, the chief financial officer owned 49,563 shares of the company's stock, valued at $6,212,722.05. This trade represents a 2.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,888 shares of company stock valued at $9,115,025 over the last three months. 1.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Barclays set a $140.00 price objective on shares of TD SYNNEX in a research report on Tuesday, June 24th. Wall Street Zen upgraded TD SYNNEX from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Barrington Research reiterated an "outperform" rating and set a $156.00 target price on shares of TD SYNNEX in a research note on Friday, July 11th. JPMorgan Chase & Co. increased their target price on TD SYNNEX from $143.00 to $160.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Finally, Royal Bank Of Canada increased their target price on TD SYNNEX from $145.00 to $165.00 and gave the company an "outperform" rating in a research note on Friday, August 22nd. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, TD SYNNEX presently has a consensus 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.