First Trust Advisors LP Lowers Stock Holdings in TD SYNNEX Corporation $SNX

First Trust Advisors LP cut its holdings in TD SYNNEX Corporation (NYSE:SNX) by 49.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 302,767 shares of the business services provider’s stock after selling 295,983 shares during the quarter. First Trust Advisors LP owned 0.37% of TD SYNNEX worth $41,086,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in TD SYNNEX by 10.1% in the 2nd quarter. Vanguard Group Inc. now owns 8,248,639 shares of the business services provider’s stock worth $1,119,340,000 after acquiring an additional 759,022 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of TD SYNNEX by 8.5% during the second quarter. JPMorgan Chase & Co. now owns 4,230,059 shares of the business services provider’s stock worth $574,019,000 after purchasing an additional 330,085 shares in the last quarter. Ninety One UK Ltd increased its stake in shares of TD SYNNEX by 15.0% during the second quarter. Ninety One UK Ltd now owns 2,949,709 shares of the business services provider’s stock worth $400,275,000 after purchasing an additional 384,518 shares in the last quarter. Abrams Bison Investments LLC raised its position 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 purchasing an additional 435,000 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in TD SYNNEX by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 1,391,880 shares of the business services provider’s stock valued at $188,908,000 after buying an additional 10,392 shares in the last quarter. Hedge funds and other institutional investors own 84.00% of the company’s stock.

TD SYNNEX Price Performance

SNX stock opened at $154.58 on Wednesday. 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 $12.59 billion, a price-to-earnings ratio of 16.77, a price-to-earnings-growth ratio of 1.07 and a beta of 1.36. The business has a fifty day moving average of $153.50 and a two-hundred day moving average of $145.64.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings data on Thursday, September 25th. The business services provider reported $3.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.05 by $0.53. The firm had revenue of $15.65 billion during the quarter, compared to the consensus estimate of $15.11 billion. TD SYNNEX had a return on equity of 12.13% and a net margin of 1.27%.The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the company earned $2.86 EPS. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. As a group, research analysts anticipate that TD SYNNEX Corporation will post 11.88 earnings per share for the current year.

TD SYNNEX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 17th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, October 17th. TD SYNNEX’s dividend payout ratio is currently 19.09%.

Analyst Upgrades and Downgrades

SNX has been the subject of several research reports. Zacks Research upgraded TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Weiss Ratings reiterated a “buy (b-)” rating on shares of TD SYNNEX in a research report on Wednesday, October 8th. Raymond James Financial set a $175.00 price objective on TD SYNNEX in a report on Thursday, September 25th. Barclays upped their target price on shares of TD SYNNEX from $140.00 to $164.00 and gave the stock an “equal weight” rating in a report on Friday, September 26th. Finally, Barrington Research increased their target price on shares of TD SYNNEX from $156.00 to $182.00 and gave the company an “outperform” rating in a research report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, TD SYNNEX has a consensus rating of “Moderate Buy” and an average target price of $169.55.

Insider Activity

In related news, insider Alim Dhanji sold 1,762 shares of TD SYNNEX stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $154.55, for a total value of $272,317.10. Following the completion of the sale, the insider owned 13,426 shares in the company, valued at approximately $2,074,988.30. This trade represents a 11.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Merline Saintil sold 336 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $155.79, for a total value of $52,345.44. Following the transaction, the director owned 7,330 shares of the company’s stock, valued at approximately $1,141,940.70. This represents a 4.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 19,800 shares of company stock worth $3,050,350 in the last three months. 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.