Wellington Management Group LLP Purchases 74,646 Shares of TD SYNNEX Corporation $SNX

Key Points

• Wellington Management Group LLP increased its stake in TD SYNNEX Corporation by 257.2%, acquiring an additional 74,646 shares to bring its total holdings to 103,664 shares, valued at approximately $10.78 million.
• TD SYNNEX reported a net margin of 1.21% and earnings per share (EPS) of $2.99 for the last quarter, surpassing analyst expectations by $0.28, with revenue increasing by 7.2% year-over-year.
• The company's quarterly dividend of $0.44 reflects an annualized dividend yield of 1.2%, with a payout ratio of 20.56% as of the last dividend announcement.

Wellington Management Group LLP grew its stake in TD SYNNEX Corporation (NYSE:SNX - Free Report) by 257.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 103,664 shares of the business services provider's stock after purchasing an additional 74,646 shares during the period. Wellington Management Group LLP owned approximately 0.12% of TD SYNNEX worth $10,777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake 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 valued at $25,000 after buying an additional 188 shares in the last quarter. Versant Capital Management Inc increased its position in TD SYNNEX by 115.1% during the 1st quarter. Versant Capital Management Inc now owns 342 shares of the business services provider's stock worth $36,000 after purchasing an additional 183 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in shares of TD SYNNEX during the 1st quarter worth approximately $44,000. State of Wyoming lifted its stake in TD SYNNEX by 51.9% in the 4th quarter. State of Wyoming now owns 594 shares of the business services provider's stock valued at $70,000 after buying an additional 203 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in TD SYNNEX by 16.8% in the 1st quarter. GAMMA Investing LLC now owns 750 shares of the business services provider's stock valued at $78,000 after buying an additional 108 shares in the last quarter. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

TD SYNNEX Stock Performance

NYSE:SNX traded down $1.37 during mid-day trading on Friday, reaching $148.20. 452,357 shares of the company's stock were exchanged, compared to its average volume of 540,387. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.75 and a current ratio of 1.26. TD SYNNEX Corporation has a one year low of $92.23 and a one year high of $153.70. The firm has a market capitalization of $12.22 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 1.22 and a beta of 1.32. The business's fifty day simple moving average is $143.50 and its two-hundred day simple moving average is $128.85.

TD SYNNEX (NYSE:SNX - Get Free Report) last posted its quarterly earnings results on Tuesday, June 24th. The business services provider reported $2.99 earnings per share for the quarter, beating analysts' consensus estimates of $2.71 by $0.28. The company had revenue of $14.95 billion for the quarter, compared to the consensus estimate of $14.30 billion. TD SYNNEX had a net margin of 1.21% and a return on equity of 11.58%. The firm's quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the company posted $2.73 EPS. TD SYNNEX has set its Q3 2025 guidance at 2.750-3.250 EPS. Analysts anticipate that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Barrington Research reissued an "outperform" rating and issued a $156.00 price objective on shares of TD SYNNEX in a research report on Friday, July 11th. Royal Bank Of Canada raised their price objective 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. Loop Capital lifted their target price on shares of TD SYNNEX from $150.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, June 30th. Bank of America raised their price target on shares of TD SYNNEX from $156.00 to $170.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Finally, Wall Street Zen upgraded shares of TD SYNNEX from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, TD SYNNEX presently has a consensus rating of "Moderate Buy" and a consensus target price of $151.30.

Insider Activity at TD SYNNEX

In other TD SYNNEX news, Director Ann F. Vezina sold 812 shares of the company's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $150.42, for a total transaction of $122,141.04. Following the sale, the director directly owned 6,079 shares of the company's stock, valued at $914,403.18. This represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Alim Dhanji sold 1,257 shares of the company's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $142.41, for a total value of $179,009.37. Following the sale, the insider owned 10,984 shares in the company, valued at approximately $1,564,231.44. This represents a 10.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,888 shares of company stock valued at $9,115,025 over the last quarter. Corporate insiders own 1.00% of the company's stock.

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.