Invesco Ltd. Has $81.94 Million Stock Position in TD SYNNEX Corporation $SNX

Key Points

• Invesco Ltd. raised its position in TD SYNNEX by 42.7% during the first quarter, owning approximately 0.94% of the company worth $81,939,000 after acquiring an additional 235,753 shares.
• Other notable institutional investors, such as Brave Warrior Advisors LLC and JPMorgan Chase & Co., have also increased their stakes in TD SYNNEX, with total institutional ownership reaching 84.00%.
• TD SYNNEX recently declared a quarterly dividend of $0.44, resulting in an annualized dividend yield of 1.2%.

Invesco Ltd. raised its stake in shares of TD SYNNEX Corporation (NYSE:SNX - Free Report) by 42.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 788,182 shares of the business services provider's stock after buying an additional 235,753 shares during the period. Invesco Ltd. owned about 0.94% of TD SYNNEX worth $81,939,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of TD SYNNEX by 329.8% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 245 shares of the business services provider's stock worth $25,000 after acquiring an additional 188 shares in the last quarter. Bessemer Group Inc. increased its position in TD SYNNEX by 174.7% in the 4th quarter. Bessemer Group Inc. now owns 239 shares of the business services provider's stock worth $28,000 after purchasing an additional 152 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of TD SYNNEX by 115.1% during the 1st quarter. Versant Capital Management Inc now owns 342 shares of the business services provider's stock worth $36,000 after purchasing an additional 183 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of TD SYNNEX during the 1st quarter valued at about $44,000. Finally, State of Wyoming grew its stake in shares of TD SYNNEX by 51.9% in the 4th quarter. State of Wyoming now owns 594 shares of the business services provider's stock valued at $70,000 after buying an additional 203 shares in the last quarter. 84.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Morgan Stanley set a $155.00 price objective on shares of TD SYNNEX and gave the company an "overweight" rating in a research report on Wednesday, June 25th. JPMorgan Chase & Co. raised their price target on shares of TD SYNNEX from $143.00 to $160.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Loop Capital lifted their price objective on shares of TD SYNNEX from $150.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, June 30th. Barrington Research reissued an "outperform" rating and set a $156.00 target price on shares of TD SYNNEX in a research report on Friday, July 11th. Finally, Wall Street Zen upgraded TD SYNNEX from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, TD SYNNEX has an average rating of "Moderate Buy" and an average target price of $149.30.

TD SYNNEX Stock Performance

NYSE:SNX traded down $0.6960 during midday trading on Thursday, reaching $144.5940. The stock had a trading volume of 30,616 shares, compared to its average volume of 792,288. The stock has a market capitalization of $11.92 billion, a P/E ratio of 16.91, a PEG ratio of 1.19 and a beta of 1.32. TD SYNNEX Corporation has a 1-year low of $92.23 and a 1-year high of $153.70. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.26 and a quick ratio of 0.75. The firm's fifty day simple moving average is $140.21 and its 200-day simple moving average is $128.55.

TD SYNNEX (NYSE:SNX - Get Free Report) last released its quarterly earnings results 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. The company 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 business's quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.73 earnings per share. TD SYNNEX has set its Q3 2025 guidance at 2.750-3.250 EPS. On average, equities research analysts forecast that TD SYNNEX Corporation will post 11.88 EPS for the current fiscal year.

TD SYNNEX Announces Dividend

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

Insiders Place Their Bets

In related news, 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 transaction, the insider owned 10,984 shares of the company's stock, valued at approximately $1,564,231.44. The trade was a 10.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Marshall Witt sold 1,509 shares of the company's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $125.35, for a total transaction of $189,153.15. Following 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,888 shares of company stock valued at $9,115,025. Corporate insiders own 1.00% of the company's stock.

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.