TD SYNNEX Corporation $SNX Shares Sold by Jump Financial LLC

Key Points

• Jump Financial LLC reduced its stake in TD SYNNEX Corporation by 75.6%, now holding 2,000 shares valued at $208,000 after selling 6,200 shares in the first quarter.
• TD SYNNEX reported earnings of $2.99 per share for the last quarter, exceeding estimates, with a revenue of $14.95 billion which reflects a 7.2% increase year-over-year.
• The company recently announced a quarterly dividend of $0.44 per share, yielding approximately 1.2% annually, with a payout ratio of 20.56%.

Jump Financial LLC trimmed its holdings in shares of TD SYNNEX Corporation (NYSE:SNX - Free Report) by 75.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,000 shares of the business services provider's stock after selling 6,200 shares during the period. Jump Financial LLC's holdings in TD SYNNEX were worth $208,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nuveen LLC bought a new position in TD SYNNEX in the 1st quarter worth approximately $121,259,000. Nuveen Asset Management LLC lifted its position in TD SYNNEX by 343.2% in the 4th quarter. Nuveen Asset Management LLC now owns 1,210,036 shares of the business services provider's stock worth $141,913,000 after buying an additional 937,040 shares during the last quarter. JPMorgan Chase & Co. lifted its position in TD SYNNEX by 16.9% in the 1st quarter. JPMorgan Chase & Co. now owns 3,899,974 shares of the business services provider's stock worth $405,441,000 after buying an additional 564,473 shares during the last quarter. Boston Partners increased its stake in TD SYNNEX by 321.6% in the 1st 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 during the period. Finally, Invesco Ltd. lifted its position in TD SYNNEX by 42.7% in the first quarter. Invesco Ltd. now owns 788,182 shares of the business services provider's stock valued at $81,939,000 after purchasing an additional 235,753 shares during the last quarter. Institutional investors own 84.00% of the company's stock.

TD SYNNEX Price Performance

TD SYNNEX stock traded up $0.19 during mid-day trading on Friday, hitting $149.39. The stock had a trading volume of 776,849 shares, compared to its average volume of 498,531. The company has a current ratio of 1.26, a quick ratio of 0.75 and a debt-to-equity ratio of 0.45. TD SYNNEX Corporation has a one year low of $92.23 and a one year high of $153.70. The firm's 50 day moving average is $144.84 and its 200 day moving average is $128.92. The firm has a market capitalization of $12.32 billion, a P/E ratio of 17.45, a P/E/G ratio of 1.22 and a beta of 1.35.

TD SYNNEX (NYSE:SNX - Get Free Report) last released its quarterly earnings data on Tuesday, June 24th. The business services provider reported $2.99 EPS for the quarter, beating 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 business had revenue of $14.95 billion during the quarter, compared to analyst estimates of $14.30 billion. During the same quarter last year, the business earned $2.73 earnings per share. TD SYNNEX'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. On average, sell-side analysts forecast that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Dividend Announcement

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 dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, July 11th. This represents a $1.76 dividend on an annualized basis and a yield of 1.2%. TD SYNNEX's dividend payout ratio (DPR) is currently 20.56%.

Insider Buying and Selling at TD SYNNEX

In other TD SYNNEX 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 transaction of $179,009.37. Following the completion of the transaction, the insider owned 10,984 shares of the company's stock, valued at $1,564,231.44. This represents a 10.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann F. Vezina sold 812 shares of the business's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $150.42, for a total transaction of $122,141.04. Following the transaction, the director owned 6,079 shares in the company, valued at $914,403.18. The trade was a 11.78% decrease in their ownership of the stock. 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. Company insiders own 1.00% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on SNX. Barrington Research reiterated an "outperform" rating and issued a $156.00 price objective on shares of TD SYNNEX in a research report on Friday, July 11th. Morgan Stanley set a $155.00 target price on shares of TD SYNNEX and gave the company an "overweight" rating in a report on Wednesday, June 25th. JPMorgan Chase & Co. raised their price target on TD SYNNEX from $143.00 to $160.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Bank of America lifted their price target on TD SYNNEX from $156.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Finally, Royal Bank Of Canada upped their price target on shares of TD SYNNEX from $145.00 to $165.00 and gave the stock 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 given a Hold rating to the stock. According to data from MarketBeat.com, TD SYNNEX presently has a consensus rating of "Moderate Buy" and an average 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.