United Services Automobile Association Purchases Shares of 4,540 TD SYNNEX Corporation $SNX

Key Points

• United Services Automobile Association has invested approximately $475,000 in TD SYNNEX Corporation, acquiring 4,540 shares during Q1.
• Insider sales by TD SYNNEX executives occurred recently, with CFO Marshall Witt selling shares worth over $189,000, reflecting a 2.95% decrease in ownership.
• TD SYNNEX reported a quarterly earnings per share (EPS) of $2.99, surpassing estimates and indicating a 7.2% revenue increase year-over-year.

United Services Automobile Association acquired a new stake in shares of TD SYNNEX Corporation (NYSE:SNX - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,540 shares of the business services provider's stock, valued at approximately $475,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in TD SYNNEX by 329.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 245 shares of the business services provider's stock valued at $25,000 after purchasing an additional 188 shares in the last quarter. Versant Capital Management Inc raised its position in shares of TD SYNNEX by 115.1% in the first quarter. Versant Capital Management Inc now owns 342 shares of the business services provider's stock valued at $36,000 after buying an additional 183 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of TD SYNNEX during the first quarter valued at approximately $44,000. Quarry LP purchased a new position in shares of TD SYNNEX during the first quarter valued at approximately $51,000. Finally, State of Wyoming boosted its position in TD SYNNEX by 51.9% during the fourth quarter. State of Wyoming now owns 594 shares of the business services provider's stock worth $70,000 after acquiring an additional 203 shares during the last quarter. Hedge funds and other institutional investors own 84.00% of the company's stock.

Insider Buying and Selling at TD SYNNEX

In related news, CFO Marshall Witt sold 1,509 shares of the firm's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $125.35, for a total value of $189,153.15. Following the transaction, the chief financial officer directly owned 49,563 shares of the company's stock, valued at approximately $6,212,722.05. This trade represents a 2.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ann F. Vezina sold 812 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $150.42, for a total value of $122,141.04. Following the completion of the sale, the director owned 6,079 shares of the company's stock, valued at approximately $914,403.18. This trade represents 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 sold 66,888 shares of company stock valued at $9,115,025. Corporate insiders own 1.00% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Wall Street Zen upgraded TD SYNNEX from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. JPMorgan Chase & Co. increased their price objective on shares of TD SYNNEX from $143.00 to $160.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. 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. Barrington Research reaffirmed an "outperform" rating and set a $156.00 price target on shares of TD SYNNEX in a research note on Friday, July 11th. Finally, Loop Capital lifted their price objective on TD SYNNEX from $150.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, June 30th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, TD SYNNEX presently has a consensus rating of "Moderate Buy" and a consensus target price of $151.30.

TD SYNNEX Stock Performance

Shares of NYSE:SNX traded down $0.62 during trading on Friday, reaching $151.73. 571,286 shares of the company's stock traded hands, compared to its average volume of 521,467. The stock has a market capitalization of $12.51 billion, a P/E ratio of 17.73, a price-to-earnings-growth ratio of 1.24 and a beta of 1.35. TD SYNNEX Corporation has a 12 month low of $92.23 and a 12 month high of $153.70. The company has a 50 day moving average of $146.13 and a 200-day moving average of $129.27. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.26 and a quick ratio of 0.75.

TD SYNNEX (NYSE:SNX - Get Free Report) last released its quarterly earnings results on Tuesday, June 24th. The business services provider reported $2.99 EPS for the quarter, topping 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 in the prior year, the firm earned $2.73 earnings per share. The company's quarterly revenue was up 7.2% on a year-over-year basis. TD SYNNEX has set its Q3 2025 guidance at 2.750-3.250 EPS. On average, equities analysts expect that TD SYNNEX Corporation will post 11.88 EPS for the current year.

TD SYNNEX Dividend Announcement

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

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.