TD SYNNEX Corporation $SNX is Abrams Bison Investments LLC’s Largest Position

Abrams Bison Investments LLC lowered its stake in shares of TD SYNNEX Corporation (NYSE:SNX) by 3.0% during the second quarter, Holdings Channel reports. The firm owned 2,603,254 shares of the business services provider’s stock after selling 79,746 shares during the period. TD SYNNEX makes up approximately 32.9% of Abrams Bison Investments LLC’s investment portfolio, making the stock its largest position. Abrams Bison Investments LLC’s holdings in TD SYNNEX were worth $353,262,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position 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 acquiring an additional 188 shares during the last quarter. Quarry LP purchased a new stake in shares of TD SYNNEX in the 1st quarter valued at about $51,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of TD SYNNEX in the 2nd quarter valued at about $55,000. MAI Capital Management boosted its position in shares of TD SYNNEX by 90.2% in the 2nd quarter. MAI Capital Management now owns 428 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 203 shares during the period. Finally, Hantz Financial Services Inc. grew its stake in TD SYNNEX by 1,012.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 445 shares of the business services provider’s stock worth $60,000 after buying an additional 405 shares during the last quarter. Institutional investors and hedge funds own 84.00% of the company’s stock.

TD SYNNEX Trading Down 1.2%

NYSE SNX opened at $155.46 on Friday. 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 capitalization of $12.66 billion, a P/E ratio of 16.86, a P/E/G ratio of 1.09 and a beta of 1.36. TD SYNNEX Corporation has a 52-week low of $92.23 and a 52-week high of $167.76. The firm has a 50-day moving average price of $153.14 and a 200 day moving average price of $146.03.

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

TD SYNNEX Announces Dividend

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

Insider Buying and Selling

In other TD SYNNEX news, CFO Marshall Witt sold 861 shares of the business’s stock in a transaction 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 sale, the chief financial officer directly owned 49,777 shares in the company, valued at approximately $7,458,585.68. The trade was a 1.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Merline Saintil sold 168 shares of the company’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $153.38, for a total transaction of $25,767.84. Following the transaction, the director directly owned 7,162 shares in the company, valued at approximately $1,098,507.56. This trade represents a 2.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 19,800 shares of company stock valued at $3,050,350 in the last quarter. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

SNX has been the topic of a number of recent research reports. Barrington Research lifted their target price 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. Wall Street Zen downgraded shares of TD SYNNEX from a “buy” rating to a “hold” rating in a research report on Monday, November 3rd. Zacks Research raised shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Barclays increased their target price on shares of TD SYNNEX from $140.00 to $164.00 and gave the stock an “equal weight” rating in a research note on Friday, September 26th. Finally, The Goldman Sachs Group raised their price target on TD SYNNEX from $145.00 to $164.00 and gave the stock a “buy” rating in a report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $169.55.

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.