Mitsubishi UFJ Trust & Banking Corp Has $7 Million Stock Holdings in TD SYNNEX Corporation $SNX

Key Points

• Mitsubishi UFJ Trust & Banking Corp trimmed its TD SYNNEX stake by 12.8% in Q4 to 46,562 shares, worth about $7.0 million (roughly 0.06% of the company).
• TD SYNNEX posted a strong quarter, reporting EPS of $4.73 versus $3.24 expected and revenue of $17.16 billion versus $15.59 billion, with quarterly revenue up 18.1% year‑over‑year.
• Company insiders have been net sellers—CEO Patrick Zammit sold 13,900 shares and insiders sold 43,682 shares (~$7.38 million) in the last 90 days—while analysts have generally raised targets, leaving a consensus rating of Moderate Buy and a $190.50 price target.

Mitsubishi UFJ Trust & Banking Corp lowered its position in shares of TD SYNNEX Corporation (NYSE:SNX - Free Report) by 12.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,562 shares of the business services provider's stock after selling 6,864 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.06% of TD SYNNEX worth $6,995,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Ossiam grew its stake in TD SYNNEX by 84.3% during the third quarter. Ossiam now owns 164 shares of the business services provider's stock worth $27,000 after buying an additional 75 shares during the last quarter. Dorato Capital Management bought a new position in shares of TD SYNNEX in the fourth quarter valued at approximately $27,000. Measured Wealth Private Client Group LLC acquired a new position in shares of TD SYNNEX in the 3rd quarter worth approximately $30,000. Brown Brothers Harriman & Co. grew its position in TD SYNNEX by 675.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 225 shares of the business services provider's stock worth $37,000 after acquiring an additional 196 shares during the last quarter. Finally, Root Financial Partners LLC acquired a new stake in TD SYNNEX during the 3rd quarter valued at $42,000. 84.00% of the stock is owned by institutional investors.

TD SYNNEX Stock Up 0.1%

Shares of SNX opened at $228.47 on Friday. The business's fifty day moving average price is $180.17 and its two-hundred day moving average price is $163.37. The firm has a market capitalization of $18.37 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 1.15 and a beta of 1.40. TD SYNNEX Corporation has a 52 week low of $112.27 and a 52 week high of $231.62. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.71 and a current ratio of 1.22.

TD SYNNEX (NYSE:SNX - Get Free Report) last released its earnings results on Tuesday, March 31st. The business services provider reported $4.73 earnings per share for the quarter, topping analysts' consensus estimates of $3.24 by $1.49. The company had revenue of $17.16 billion during the quarter, compared to the consensus estimate of $15.59 billion. TD SYNNEX had a return on equity of 14.03% and a net margin of 1.52%.The firm's quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.80 earnings per share. On average, analysts predict that TD SYNNEX Corporation will post 15.69 earnings per share for the current year.

TD SYNNEX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 15th were given a dividend of $0.48 per share. The ex-dividend date was Wednesday, April 15th. This represents a $1.92 dividend on an annualized basis and a yield of 0.8%. TD SYNNEX's dividend payout ratio is presently 15.96%.

Insider Buying and Selling

In related news, CEO Patrick Zammit sold 13,900 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $171.57, for a total value of $2,384,823.00. Following the transaction, the chief executive officer directly owned 170,928 shares in the company, valued at $29,326,116.96. This represents a 7.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Miriam Anne Murphy sold 3,025 shares of the firm's stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $200.14, for a total transaction of $605,423.50. Following the completion of the transaction, the insider directly owned 10,820 shares in the company, valued at approximately $2,165,514.80. The trade was a 21.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 43,682 shares of company stock worth $7,380,719. 0.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on SNX shares. JPMorgan Chase & Co. lifted their price objective on TD SYNNEX from $185.00 to $220.00 and gave the company a "neutral" rating in a research report on Thursday, April 16th. Barclays increased their target price on TD SYNNEX from $163.00 to $166.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 1st. UBS Group lifted their price target on TD SYNNEX from $187.00 to $193.00 and gave the company a "buy" rating in a report on Friday, January 9th. The Goldman Sachs Group upped their price target on shares of TD SYNNEX from $180.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, April 2nd. Finally, Barrington Research reissued an "outperform" rating and set a $182.00 price objective on shares of TD SYNNEX in a report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $190.50.

About TD SYNNEX

TD SYNNEX NYSE: SNX is a leading global distributor and solutions aggregator for the information technology industry. Formed in September 2021 through the merger of Tech Data and SYNNEX Corporation, the company provides a comprehensive range of products, services and solutions that span hardware, software, cloud, mobility, security and data center technologies. TD SYNNEX partners with vendors, resellers and system integrators to design, deploy and support IT infrastructures across diverse market segments, including commercial enterprises, public sector organizations and retail operations.

The company's core business activities include the distribution of technology products from manufacturers such as servers, storage, networking equipment and peripherals, as well as the resale and provisioning of software licenses and cloud-based solutions.

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