Empowered Funds LLC Buys 3,156 Shares of TD SYNNEX Corporation $SNX

Key Points

• Empowered Funds LLC increased its stake in TD SYNNEX Corporation by 4.8%, acquiring an additional 3,156 shares, bringing its total holdings to 69,497 shares valued at approximately $7,225,000.
• Insider transactions during the past 90 days revealed significant selling, including CFO Marshall Witt selling 1,509 shares and Director Richard T. Hume selling 63,310 shares, indicating potential shifts in insider confidence.
• TD SYNNEX reported an earnings per share (EPS) of $2.99, exceeding analyst estimates, and announced a quarterly dividend of $0.44 per share, resulting in an annual yield of 1.2%.

Empowered Funds LLC boosted its holdings in TD SYNNEX Corporation (NYSE:SNX - Free Report) by 4.8% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 69,497 shares of the business services provider's stock after buying an additional 3,156 shares during the period. Empowered Funds LLC owned 0.08% of TD SYNNEX worth $7,225,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Nuveen LLC purchased a new stake in shares of TD SYNNEX during the first quarter worth about $121,259,000. Nuveen Asset Management LLC grew its holdings in 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 in the last quarter. JPMorgan Chase & Co. raised its position in shares of TD SYNNEX by 16.9% during 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 buying an additional 564,473 shares during the last quarter. Boston Partners lifted its holdings in shares of TD SYNNEX by 321.6% in the first quarter. Boston Partners now owns 591,958 shares of the business services provider's stock worth $61,547,000 after buying an additional 451,567 shares in the last quarter. Finally, Abrams Bison Investments LLC lifted its holdings in shares of TD SYNNEX by 19.4% in the first quarter. Abrams Bison Investments LLC now owns 2,683,000 shares of the business services provider's stock worth $278,925,000 after buying an additional 435,000 shares in the last quarter. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

TD SYNNEX Trading Down 0.4%

SNX stock traded down $0.62 during midday trading on Friday, reaching $151.73. 571,286 shares of the company traded hands, compared to its average volume of 521,467. The firm has a market capitalization of $12.51 billion, a price-to-earnings ratio of 17.73, a P/E/G ratio of 1.24 and a beta of 1.35. TD SYNNEX Corporation has a 52-week low of $92.23 and a 52-week high of $153.70. The business has a 50 day moving average of $146.13 and a 200-day moving average of $129.27. 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 announced its earnings results on Tuesday, June 24th. The business services provider reported $2.99 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $14.30 billion. During the same quarter in the previous year, the business earned $2.73 EPS. The company's quarterly revenue was up 7.2% on a year-over-year basis. TD SYNNEX has set its Q3 2025 guidance at 2.750-3.250 EPS. As a group, sell-side analysts expect that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

The company also recently announced 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 of this dividend was Friday, July 11th. This represents a $1.76 annualized dividend and a dividend yield of 1.2%. TD SYNNEX's dividend payout ratio is currently 20.56%.

Insider Activity

In related news, Director Richard T. Hume sold 63,310 shares of TD SYNNEX stock in a transaction dated 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 transaction, the director directly 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alim Dhanji sold 1,257 shares of the company's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $142.41, for a total transaction of $179,009.37. Following the transaction, the insider owned 10,984 shares in the company, valued at $1,564,231.44. The trade was a 10.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,888 shares of company stock worth $9,115,025 over the last 90 days. Insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on SNX shares. Wall Street Zen upgraded shares of TD SYNNEX from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. JPMorgan Chase & Co. lifted their target price on TD SYNNEX from $143.00 to $160.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Royal Bank Of Canada increased their price target on TD SYNNEX from $145.00 to $165.00 and gave the company an "outperform" rating in a research note on Friday, August 22nd. Barclays set a $140.00 price objective on TD SYNNEX in a research note on Tuesday, June 24th. Finally, Barrington Research reiterated an "outperform" rating and set a $156.00 target price on shares of TD SYNNEX in a research report on Friday, July 11th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, TD SYNNEX presently has a consensus rating of "Moderate Buy" and a consensus price target of $151.30.

TD SYNNEX 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.