Turtle Creek Wealth Advisors LLC Acquires Shares of 1,775 TD SYNNEX Corporation $SNX

Key Points

• Turtle Creek Wealth Advisors LLC has acquired 1,775 shares of TD SYNNEX Corporation for approximately $241,000 in the second quarter.
• Insider Alim Dhanji sold 1,257 shares at an average price of $142.41, decreasing his position by 10.27% to 10,984 shares.
• TD SYNNEX reported $2.74 EPS for the last quarter, missing expectations of $3.05, despite a revenue increase of 6.6% year-over-year.

Turtle Creek Wealth Advisors LLC bought a new stake in shares of TD SYNNEX Corporation (NYSE:SNX - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,775 shares of the business services provider's stock, valued at approximately $241,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SNX. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in TD SYNNEX by 329.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 245 shares of the business services provider's stock worth $25,000 after purchasing an additional 188 shares in the last quarter. Cullen Frost Bankers Inc. bought a new position in shares of TD SYNNEX during the first quarter valued at $44,000. Quarry LP bought a new stake in TD SYNNEX in the 1st quarter worth about $51,000. Blue Trust Inc. increased its holdings in TD SYNNEX by 23.7% in the 2nd quarter. Blue Trust Inc. now owns 543 shares of the business services provider's stock worth $74,000 after buying an additional 104 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in TD SYNNEX in the 2nd quarter worth about $92,000. Institutional investors own 84.00% of the company's stock.

Insider Buying and Selling

In related news, insider Alim Dhanji sold 1,257 shares of the company's stock in a transaction 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 sale, the insider directly owned 10,984 shares in the company, valued at $1,564,231.44. This represents a 10.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Marshall Witt sold 861 shares of the company's stock in a transaction 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 sale, the chief financial officer owned 49,777 shares of the company's stock, valued at $7,458,585.68. This trade represents a 1.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,930 shares of company stock valued at $1,209,663. Company insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Morgan Stanley raised their target price on TD SYNNEX from $173.00 to $181.00 and gave the stock an "overweight" rating in a research report on Friday, September 26th. JPMorgan Chase & Co. boosted their price target on TD SYNNEX from $143.00 to $160.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Wall Street Zen cut TD SYNNEX from a "buy" rating to a "hold" rating in a report on Saturday. Raymond James Financial set a $175.00 price objective on TD SYNNEX in a research note on Thursday, September 25th. Finally, Loop Capital lifted their price objective on TD SYNNEX from $150.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, June 30th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $169.55.

TD SYNNEX Price Performance

SNX opened at $153.17 on Friday. The business has a fifty day moving average of $152.54 and a 200 day moving average of $134.50. TD SYNNEX Corporation has a 52-week low of $92.23 and a 52-week high of $167.76. The company has a quick ratio of 0.71, a current ratio of 1.20 and a debt-to-equity ratio of 0.36. The stock has a market cap of $12.47 billion, a P/E ratio of 16.61, a PEG ratio of 1.20 and a beta of 1.43.

TD SYNNEX (NYSE:SNX - Get Free Report) last posted its quarterly earnings data on Thursday, September 25th. The business services provider reported $2.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.05 by ($0.31). TD SYNNEX had a net margin of 1.27% and a return on equity of 12.13%. The business had revenue of $15.65 billion for the quarter, compared to analysts' expectations of $15.11 billion. During the same quarter in the previous year, the firm earned $2.86 EPS. TD SYNNEX's 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, sell-side analysts anticipate that TD SYNNEX Corporation will post 11.88 EPS for the current year.

TD SYNNEX Dividend Announcement

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

TD SYNNEX 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.

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