Brandywine Global Investment Management LLC Buys 417 Shares of TD SYNNEX Corporation $SNX

Brandywine Global Investment Management LLC boosted its stake in TD SYNNEX Corporation (NYSE:SNX) by 0.8% during the second quarter, Holdings Channel.com reports. The firm owned 51,800 shares of the business services provider’s stock after buying an additional 417 shares during the period. Brandywine Global Investment Management LLC’s holdings in TD SYNNEX were worth $7,029,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SNX. Nuveen LLC purchased a new position in shares of TD SYNNEX in the first quarter worth $121,259,000. Metropolis Capital Ltd bought a new stake in TD SYNNEX in the 2nd quarter worth $115,168,000. Vanguard Group Inc. increased its position in shares of TD SYNNEX by 10.1% in the second quarter. Vanguard Group Inc. now owns 8,248,639 shares of the business services provider’s stock valued at $1,119,340,000 after acquiring an additional 759,022 shares during the period. JPMorgan Chase & Co. raised its stake in shares of TD SYNNEX by 16.9% during the first quarter. JPMorgan Chase & Co. now owns 3,899,974 shares of the business services provider’s stock valued at $405,441,000 after acquiring an additional 564,473 shares during the last quarter. Finally, Boston Partners raised its stake in shares of TD SYNNEX by 321.6% during the first quarter. Boston Partners now owns 591,958 shares of the business services provider’s stock valued at $61,547,000 after acquiring an additional 451,567 shares during the last quarter. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Insiders Place Their Bets

In other TD SYNNEX news, CFO Marshall Witt sold 861 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $149.84, for a total transaction of $129,012.24. Following the completion of the transaction, the chief financial officer owned 49,777 shares of the company’s stock, valued at approximately $7,458,585.68. This trade represents a 1.70% decrease in their ownership of the stock. The sale 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 TD SYNNEX stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $155.79, for a total transaction of $52,345.44. Following the transaction, the director owned 7,330 shares of the company’s stock, valued at $1,141,940.70. The trade was a 4.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 14,632 shares of company stock valued at $2,264,033. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on SNX shares. UBS Group raised their target price on TD SYNNEX from $154.00 to $187.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Royal Bank Of Canada lifted their price objective on TD SYNNEX from $165.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, September 26th. Barclays upped their target price on TD SYNNEX from $140.00 to $164.00 and gave the company an “equal weight” rating in a report on Friday, September 26th. Barrington Research lifted their price target on shares of TD SYNNEX from $156.00 to $182.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Finally, Bank of America boosted their price objective on shares of TD SYNNEX from $170.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $169.55.

TD SYNNEX Trading Up 2.6%

NYSE SNX opened at $146.11 on Friday. The firm has a market capitalization of $11.90 billion, a PE ratio of 15.85, a P/E/G ratio of 1.19 and a beta of 1.41. The stock’s 50 day moving average is $153.95 and its 200 day moving average is $142.88. TD SYNNEX Corporation has a twelve month low of $92.23 and a twelve month 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.

TD SYNNEX (NYSE:SNX) last posted 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. TD SYNNEX had a return on equity of 12.13% and a net margin of 1.27%.The business had revenue of $15.65 billion during the quarter, compared to the consensus estimate of $15.11 billion. During the same quarter in the prior year, the company earned $2.86 earnings per share. The firm’s quarterly 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. Research analysts forecast that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Friday, October 17th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, October 17th. This represents a $1.76 annualized dividend and a yield of 1.2%. TD SYNNEX’s payout ratio is presently 19.09%.

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.