13,140 Shares in TD SYNNEX Corporation $SNX Purchased by Fox Run Management L.L.C.

Key Points

• Fox Run Management L.L.C. invested approximately $1.37 million in TD SYNNEX Corporation by acquiring 13,140 shares during the first quarter.
• Director Richard T. Hume sold 63,310 shares of TD SYNNEX for over $8.6 million, significantly reducing his ownership stake in the company.
• Analysts have mixed views on TD SYNNEX, with three maintaining a "hold" rating and eight assigning a "buy" rating, indicating a generally positive outlook for the stock.

Fox Run Management L.L.C. bought a new position in TD SYNNEX Corporation (NYSE:SNX - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 13,140 shares of the business services provider's stock, valued at approximately $1,366,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Brave Warrior Advisors LLC grew its holdings 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 purchasing an additional 451,557 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of TD SYNNEX by 16.9% during the 1st 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. Ninety One UK Ltd raised its position in TD SYNNEX by 8.5% in the 1st quarter. Ninety One UK Ltd now owns 2,565,191 shares of the business services provider's stock worth $266,677,000 after purchasing an additional 200,628 shares during the period. Dimensional Fund Advisors LP lifted its stake in TD SYNNEX by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,266,614 shares of the business services provider's stock worth $265,826,000 after purchasing an additional 31,404 shares during the last quarter. Finally, LSV Asset Management boosted its position in TD SYNNEX by 10.3% during 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 buying an additional 175,922 shares during the period. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

TD SYNNEX Trading Down 0.6%

SNX stock traded down $0.9460 on Wednesday, reaching $145.2640. The company's stock had a trading volume of 369,739 shares, compared to its average volume of 556,874. The business has a fifty day simple moving average of $140.21 and a two-hundred day simple moving average of $128.55. TD SYNNEX Corporation has a 12-month low of $92.23 and a 12-month high of $153.70. The firm has a market cap of $11.98 billion, a PE ratio of 16.97, a PEG ratio of 1.19 and a beta of 1.32. 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 issued 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. TD SYNNEX had a net margin of 1.21% and a return on equity of 11.58%. The business had revenue of $14.95 billion for the quarter, compared to the consensus estimate of $14.30 billion. During the same period in the previous year, the firm earned $2.73 EPS. The company's quarterly revenue was up 7.2% compared to the same quarter last year. TD SYNNEX has set its Q3 2025 guidance at 2.750-3.250 EPS. As a group, research analysts forecast that TD SYNNEX Corporation will post 11.88 EPS for the current year.

TD SYNNEX Dividend Announcement

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

Analyst Ratings Changes

Several research firms have recently commented on SNX. Barclays set a $140.00 price objective on TD SYNNEX in a report on Tuesday, June 24th. Morgan Stanley set a $155.00 price target on TD SYNNEX and gave the stock an "overweight" rating in a research report on Wednesday, June 25th. Wall Street Zen raised TD SYNNEX from a "hold" rating to a "buy" rating in a research note on Saturday. Barrington Research reissued an "outperform" rating and set a $156.00 price objective on shares of TD SYNNEX in a research note on Friday, July 11th. Finally, Bank of America raised their target price on shares of TD SYNNEX from $156.00 to $170.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, TD SYNNEX currently has an average rating of "Moderate Buy" and a consensus target price of $149.30.

Insider Activity at TD SYNNEX

In other news, insider Alim Dhanji sold 1,257 shares of the stock in a transaction that occurred 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 transaction, the insider owned 10,984 shares of the company's stock, valued at approximately $1,564,231.44. This represents a 10.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Marshall Witt sold 1,509 shares of the firm's stock in a transaction that occurred 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 approximately $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 have sold 66,888 shares of company stock valued at $9,115,025. 1.00% of the stock is currently owned by corporate insiders.

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.