Dimensional Fund Advisors LP Lowers Stock Holdings in TD SYNNEX Corporation $SNX

Dimensional Fund Advisors LP reduced its stake in TD SYNNEX Corporation (NYSE:SNX) by 0.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,679,601 shares of the business services provider’s stock after selling 24,432 shares during the period. Dimensional Fund Advisors LP’s holdings in TD SYNNEX were worth $452,026,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SNX. State Street Corp boosted its holdings in shares of TD SYNNEX by 0.4% in the third quarter. State Street Corp now owns 2,372,733 shares of the business services provider’s stock valued at $388,535,000 after purchasing an additional 9,024 shares during the period. Ninety One UK Ltd raised its position in TD SYNNEX by 13.1% during the 4th quarter. Ninety One UK Ltd now owns 2,229,091 shares of the business services provider’s stock valued at $334,876,000 after purchasing an additional 258,630 shares in the last quarter. LSV Asset Management grew its position in shares of TD SYNNEX by 16.1% during the 4th quarter. LSV Asset Management now owns 2,086,604 shares of the business services provider’s stock worth $313,471,000 after buying an additional 288,625 shares in the last quarter. Geode Capital Management LLC grew its position in shares of TD SYNNEX by 6.9% during the 4th quarter. Geode Capital Management LLC now owns 1,532,784 shares of the business services provider’s stock worth $230,315,000 after buying an additional 99,090 shares in the last quarter. Finally, Metropolis Capital Ltd increased its stake in shares of TD SYNNEX by 9.5% during the first quarter. Metropolis Capital Ltd now owns 1,281,307 shares of the business services provider’s stock valued at $216,169,000 after buying an additional 111,222 shares during the period. 84.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SNX has been the topic of several recent research reports. JPMorgan Chase & Co. upgraded shares of TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 target price on the stock in a report on Wednesday, May 27th. Weiss Ratings lowered shares of TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, June 17th. UBS Group lifted their price objective on shares of TD SYNNEX from $310.00 to $352.00 and gave the company a “buy” rating in a report on Friday, June 26th. Morgan Stanley boosted their price objective on shares of TD SYNNEX from $341.00 to $374.00 and gave the stock an “overweight” rating in a research note on Friday, June 26th. Finally, Barclays upped their target price on TD SYNNEX from $237.00 to $278.00 and gave the stock an “equal weight” rating in a report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $294.67.

Insider Activity

In related news, Director Richard T. Hume sold 5,000 shares of the business’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $242.97, for a total transaction of $1,214,850.00. Following the completion of the transaction, the director directly owned 18,537 shares in the company, valued at $4,503,934.89. The trade was a 21.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 20,000 shares of company stock worth $4,933,700 over the last three months. Company insiders own 0.70% of the company’s stock.

TD SYNNEX Trading Down 1.7%

Shares of TD SYNNEX stock opened at $238.60 on Tuesday. The firm has a market capitalization of $19.08 billion, a price-to-earnings ratio of 17.08, a PEG ratio of 0.68 and a beta of 1.43. The company has a current ratio of 1.20, a quick ratio of 0.64 and a debt-to-equity ratio of 0.40. The firm’s 50 day simple moving average is $257.39 and its two-hundred day simple moving average is $203.27. TD SYNNEX Corporation has a 12-month low of $139.23 and a 12-month high of $296.47.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings results on Thursday, June 25th. The business services provider reported $4.85 EPS for the quarter, topping analysts’ consensus estimates of $4.14 by $0.71. TD SYNNEX had a return on equity of 15.37% and a net margin of 1.63%.The company had revenue of $19.57 billion during the quarter, compared to analysts’ expectations of $16.80 billion. During the same quarter in the previous year, the firm posted $2.99 EPS. The firm’s revenue was up 31.0% compared to the same quarter last year. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Analysts predict that TD SYNNEX Corporation will post 18.02 EPS for the current year.

TD SYNNEX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be paid a $0.48 dividend. The ex-dividend date is Friday, July 17th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.8%. TD SYNNEX’s dividend payout ratio is presently 13.74%.

About TD SYNNEX

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the information technology industry. Formed in September 2021 through the merger of Tech Data and SYNNEX Corporation, the company provides a comprehensive range of products, services and solutions that span hardware, software, cloud, mobility, security and data center technologies. TD SYNNEX partners with vendors, resellers and system integrators to design, deploy and support IT infrastructures across diverse market segments, including commercial enterprises, public sector organizations and retail operations.

The company’s core business activities include the distribution of technology products from manufacturers such as servers, storage, networking equipment and peripherals, as well as the resale and provisioning of software licenses and cloud-based solutions.