SYNNEX Co. (NYSE:SNX) Director Sells $246,440.00 in Stock

SYNNEX Co. (NYSE:SNX) Director Thomas S. Wurster sold 2,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $123.22, for a total transaction of $246,440.00. Following the completion of the sale, the director now directly owns 14,390 shares of the company’s stock, valued at approximately $1,773,135.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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SNX traded down $1.84 on Tuesday, reaching $121.39. The company’s stock had a trading volume of 321,823 shares, compared to its average volume of 371,972. SYNNEX Co. has a 1 year low of $72.76 and a 1 year high of $124.72. The business’s 50 day moving average is $119.22 and its 200 day moving average is $101.03. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.57 and a quick ratio of 0.96. The stock has a market cap of $6.27 billion, a price-to-earnings ratio of 11.15, a price-to-earnings-growth ratio of 0.94 and a beta of 1.01.

SYNNEX (NYSE:SNX) last posted its quarterly earnings data on Tuesday, September 24th. The business services provider reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.44. SYNNEX had a return on equity of 17.96% and a net margin of 1.92%. The company had revenue of $6.20 billion for the quarter, compared to the consensus estimate of $5.69 billion. During the same period in the previous year, the business earned $2.57 EPS. SYNNEX’s revenue for the quarter was up 28.7% compared to the same quarter last year. As a group, research analysts forecast that SYNNEX Co. will post 12.61 earnings per share for the current fiscal year.

A number of research firms have recently issued reports on SNX. Bank of America started coverage on shares of SYNNEX in a research note on Friday, September 6th. They set a “buy” rating and a $120.00 price objective on the stock. Zacks Investment Research upgraded shares of SYNNEX from a “hold” rating to a “buy” rating and set a $126.00 target price for the company in a research note on Tuesday, October 1st. TheStreet raised shares of SYNNEX from a “c+” rating to a “b-” rating in a report on Friday, September 27th. ValuEngine lowered shares of SYNNEX from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. Finally, Barrington Research reaffirmed a “buy” rating and set a $118.00 price target on shares of SYNNEX in a research note on Friday, September 20th. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $128.80.

Several large investors have recently modified their holdings of SNX. Amundi Pioneer Asset Management Inc. grew its holdings in SYNNEX by 6.2% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 48,980 shares of the business services provider’s stock worth $4,672,000 after acquiring an additional 2,881 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of SYNNEX by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 16,735 shares of the business services provider’s stock worth $1,647,000 after purchasing an additional 237 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of SYNNEX during the second quarter worth about $79,000. James Investment Research Inc. grew its stake in SYNNEX by 5.1% in the second quarter. James Investment Research Inc. now owns 33,003 shares of the business services provider’s stock worth $3,247,000 after purchasing an additional 1,606 shares in the last quarter. Finally, Arizona State Retirement System grew its stake in SYNNEX by 1.1% in the second quarter. Arizona State Retirement System now owns 30,110 shares of the business services provider’s stock worth $2,963,000 after purchasing an additional 323 shares in the last quarter. Institutional investors and hedge funds own 75.68% of the company’s stock.

SYNNEX Company Profile

SYNNEX Corporation provides business process services in the Americas, Asia-Pacific, Europe and Africa. It operates in two segments, Technology Solutions and Concentrix. The Technology Solutions segment distributes peripherals; information technology systems, including data center servers and storage solutions; system components; software; networking, communications, and security equipment; consumer electronics; and complementary products.

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Insider Buying and Selling by Quarter for SYNNEX (NYSE:SNX)

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