TD SYNNEX Corporation $SNX Shares Sold by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP reduced its stake in TD SYNNEX by 1.4%, maintaining ownership of approximately 2.66%, valued at $232.34 million.
• TD SYNNEX reported earnings of $2.99 per share for the last quarter, exceeding expectations of $2.71, with revenue of $14.95 billion, which was also above analyst forecasts.
• The company announced a quarterly dividend of $0.44, with a dividend yield of 1.2% and a payout ratio of 20.56% for its shareholders.

Dimensional Fund Advisors LP trimmed its position in TD SYNNEX Corporation (NYSE:SNX - Free Report) by 1.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,234,882 shares of the business services provider's stock after selling 31,732 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.66% of TD SYNNEX worth $232,337,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Nuveen LLC acquired a new stake in shares of TD SYNNEX during the 1st quarter worth about $121,259,000. Nuveen Asset Management LLC increased its stake 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 last quarter. JPMorgan Chase & Co. increased its stake 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 last quarter. Boston Partners raised its holdings in TD SYNNEX by 321.6% during the first quarter. Boston Partners now owns 591,958 shares of the business services provider's stock worth $61,547,000 after purchasing an additional 451,567 shares in the last quarter. Finally, Brave Warrior Advisors LLC lifted its position in shares of TD SYNNEX by 12.2% during the 4th quarter. Brave Warrior Advisors LLC now owns 4,147,172 shares of the business services provider's stock worth $486,380,000 after buying an additional 451,557 shares during the last quarter. 84.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SNX shares. Barrington Research reiterated an "outperform" rating and set a $156.00 price target on shares of TD SYNNEX in a research note on Friday, July 11th. Morgan Stanley set a $155.00 price objective on TD SYNNEX and gave the stock an "overweight" rating in a report on Wednesday, June 25th. Barclays set a $140.00 target price on TD SYNNEX in a research report on Tuesday, June 24th. Royal Bank Of Canada reissued an "outperform" rating and issued a $145.00 target price on shares of TD SYNNEX in a report on Wednesday, June 25th. Finally, Loop Capital raised their price target on TD SYNNEX from $150.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, June 30th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $149.30.

TD SYNNEX Stock Performance

TD SYNNEX stock traded down $0.9460 during trading hours on Wednesday, reaching $145.2640. 369,739 shares of the stock were exchanged, compared to its average volume of 556,874. The stock has a market cap of $11.98 billion, a P/E ratio of 16.97, a P/E/G ratio of 1.19 and a beta of 1.32. The firm's 50 day moving average is $140.21 and its 200 day moving average is $128.55. 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 Corporation has a 52-week low of $92.23 and a 52-week high of $153.70.

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 (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.28. TD SYNNEX had a net margin of 1.21% and a return on equity of 11.58%. The firm had revenue of $14.95 billion during the quarter, compared to analysts' expectations of $14.30 billion. During the same period in the prior year, the company 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 predict that TD SYNNEX Corporation will post 11.88 EPS for the current fiscal year.

TD SYNNEX Announces Dividend

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

Insiders Place Their Bets

In other TD SYNNEX news, Director Ann F. Vezina sold 812 shares of the firm's 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 sale, the director owned 6,079 shares of the company's stock, valued at approximately $914,403.18. This trade represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alim Dhanji sold 1,257 shares of the company's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $142.41, for a total transaction of $179,009.37. Following the transaction, the insider directly owned 10,984 shares in the company, valued at approximately $1,564,231.44. This trade represents a 10.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,888 shares of company stock worth $9,115,025. 1.00% of the stock is owned by 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.