Brave Warrior Advisors LLC Has $536.33 Million Holdings in TD SYNNEX Corporation $SNX

Brave Warrior Advisors LLC lessened its stake in shares of TD SYNNEX Corporation (NYSE:SNX) by 13.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,275,293 shares of the business services provider’s stock after selling 493,258 shares during the quarter. TD SYNNEX comprises 12.5% of Brave Warrior Advisors LLC’s investment portfolio, making the stock its 2nd biggest holding. Brave Warrior Advisors LLC’s holdings in TD SYNNEX were worth $536,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in the company. Norges Bank bought a new stake in TD SYNNEX in the 2nd quarter valued at about $124,618,000. Vanguard Group Inc. boosted its holdings in 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 worth $1,119,340,000 after acquiring an additional 759,022 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in TD SYNNEX by 123.6% in the third quarter. Victory Capital Management Inc. now owns 728,321 shares of the business services provider’s stock worth $119,263,000 after acquiring an additional 402,573 shares in the last quarter. Marshall Wace LLP grew its stake in TD SYNNEX by 6,626.0% in the third quarter. Marshall Wace LLP now owns 402,754 shares of the business services provider’s stock valued at $65,951,000 after acquiring an additional 396,766 shares during the period. Finally, Metropolis Capital Ltd increased its holdings in shares of TD SYNNEX by 44.8% during the third quarter. Metropolis Capital Ltd now owns 1,228,603 shares of the business services provider’s stock valued at $201,184,000 after acquiring an additional 379,904 shares in the last quarter. 84.00% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Richard T. Hume sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $160.67, for a total value of $4,016,750.00. Following the transaction, the director owned 47,515 shares in the company, valued at $7,634,235.05. The trade was a 34.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Merline Saintil sold 167 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $157.75, for a total value of $26,344.25. Following the completion of the transaction, the director directly owned 6,995 shares of the company’s stock, valued at approximately $1,103,461.25. This represents a 2.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 80,915 shares of company stock valued at $13,111,786 in the last 90 days. 0.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TD SYNNEX in a research report on Wednesday, January 21st. The Goldman Sachs Group started coverage on shares of TD SYNNEX in a research note on Tuesday, January 13th. They set a “buy” rating and a $180.00 price target for the company. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of TD SYNNEX in a research note on Monday, December 22nd. Zacks Research cut shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Finally, Morgan Stanley decreased their target price on shares of TD SYNNEX from $177.00 to $172.00 and set an “overweight” rating for the company in a research report on Friday, January 9th. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $170.64.

TD SYNNEX Price Performance

Shares of NYSE:SNX opened at $153.28 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.75 and a debt-to-equity ratio of 0.43. The stock has a market cap of $12.36 billion, a PE ratio of 15.37, a price-to-earnings-growth ratio of 1.10 and a beta of 1.37. The stock’s fifty day simple moving average is $157.35 and its two-hundred day simple moving average is $154.52. TD SYNNEX Corporation has a 1-year low of $92.23 and a 1-year high of $175.56.

TD SYNNEX (NYSE:SNX) last posted its earnings results on Thursday, January 8th. The business services provider reported $3.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.15. TD SYNNEX had a net margin of 1.32% and a return on equity of 12.60%. The firm had revenue of $17.38 billion during the quarter, compared to analyst estimates of $15.46 billion. During the same quarter in the prior year, the business posted $3.09 EPS. The business’s revenue was up 9.7% compared to the same quarter last year. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. As a group, analysts forecast that TD SYNNEX Corporation will post 11.88 EPS for the current fiscal year.

TD SYNNEX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 16th were paid a $0.48 dividend. This is a positive change from TD SYNNEX’s previous quarterly dividend of $0.44. The ex-dividend date was Friday, January 16th. This represents a $1.92 annualized dividend and a yield of 1.3%. TD SYNNEX’s dividend payout ratio (DPR) is 19.26%.

TD SYNNEX Company Profile

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.