TD SYNNEX Corporation $SNX Shares Sold by Cookson Peirce & Co. Inc.

Key Points

• Cookson Peirce & Co. Inc. reduced its stake in TD SYNNEX Corporation by 9.9%, selling 4,734 shares, leaving them with 43,152 shares valued at approximately $5.86 million.
• TD SYNNEX reported quarterly earnings of $2.74 per share, missing analyst expectations of $3.05, while generating revenues of $15.65 billion, surpassing estimates of $15.11 billion.
• Institutional investors hold a significant portion of TD SYNNEX, owning 84% of the company's stock and multiple firms, including JPMorgan Chase & Co., have increased their stakes during the year.

Cookson Peirce & Co. Inc. decreased its position in shares of TD SYNNEX Corporation (NYSE:SNX - Free Report) by 9.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,152 shares of the business services provider's stock after selling 4,734 shares during the quarter. Cookson Peirce & Co. Inc. owned 0.05% of TD SYNNEX worth $5,856,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in SNX. Nuveen LLC acquired a new stake in TD SYNNEX in the 1st quarter valued at $121,259,000. Metropolis Capital Ltd acquired a new stake in TD SYNNEX in the 2nd quarter valued at $115,168,000. JPMorgan Chase & Co. grew its stake 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 valued at $405,441,000 after acquiring an additional 564,473 shares during the period. Boston Partners lifted its holdings in TD SYNNEX by 321.6% in the 1st quarter. Boston Partners now owns 591,958 shares of the business services provider's stock valued at $61,547,000 after purchasing an additional 451,567 shares in the last quarter. Finally, Abrams Bison Investments LLC raised its holdings in shares of TD SYNNEX by 19.4% during the 1st quarter. Abrams Bison Investments LLC now owns 2,683,000 shares of the business services provider's stock worth $278,925,000 after acquiring an additional 435,000 shares during the period. Institutional investors and hedge funds own 84.00% of the company's stock.

TD SYNNEX Stock Performance

NYSE SNX opened at $154.09 on Wednesday. TD SYNNEX Corporation has a 1-year low of $92.23 and a 1-year high of $167.76. The company has a market cap of $12.55 billion, a P/E ratio of 16.71, a P/E/G ratio of 1.19 and a beta of 1.43. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.20 and a quick ratio of 0.71. The stock has a 50-day moving average of $152.80 and a two-hundred day moving average of $135.48.

TD SYNNEX (NYSE:SNX - Get Free Report) last announced its quarterly earnings data on Thursday, September 25th. The business services provider reported $2.74 EPS for the quarter, missing analysts' consensus estimates of $3.05 by ($0.31). TD SYNNEX had a return on equity of 12.13% and a net margin of 1.27%.The company had revenue of $15.65 billion for the quarter, compared to analyst estimates of $15.11 billion. During the same period in the prior year, the firm posted $2.86 earnings per share. The business's quarterly revenue was up 6.6% compared to the same quarter last year. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. As a group, analysts anticipate that TD SYNNEX Corporation will post 11.88 EPS for the current year.

TD SYNNEX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, October 17th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.1%. TD SYNNEX's payout ratio is currently 19.09%.

Analysts Set New Price Targets

Several research analysts have recently commented on SNX shares. Morgan Stanley lifted their price target on TD SYNNEX from $173.00 to $181.00 and gave the stock an "overweight" rating in a report on Friday, September 26th. Barrington Research lifted their price target on TD SYNNEX from $156.00 to $182.00 and gave the stock an "outperform" rating in a report on Monday, September 29th. Barclays lifted their price target on TD SYNNEX from $140.00 to $164.00 and gave the stock an "equal weight" rating in a report on Friday, September 26th. Wall Street Zen lowered shares of TD SYNNEX from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of TD SYNNEX in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $169.55.

Insider Transactions at TD SYNNEX

In related news, CFO Marshall Witt sold 861 shares of the company's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $149.84, for a total value of $129,012.24. Following the completion of the transaction, the chief financial officer directly owned 49,777 shares of the company's stock, valued at $7,458,585.68. This represents a 1.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard T. Hume sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $155.90, for a total value of $779,500.00. Following the completion of the transaction, the director directly owned 62,515 shares of the company's stock, valued at $9,746,088.50. This trade represents a 7.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,673 shares of company stock valued at $1,030,653. 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.

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