SYNNEX Co. (NYSE:SNX) SVP Simon Leung sold 913 shares of the stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $110.74, for a total value of $101,105.62. Following the completion of the transaction, the senior vice president now directly owns 24,462 shares in the company, valued at approximately $2,708,921.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Simon Leung also recently made the following trade(s):
- On Wednesday, March 1st, Simon Leung sold 884 shares of SYNNEX stock. The stock was sold at an average price of $120.19, for a total value of $106,247.96.
- On Wednesday, February 1st, Simon Leung sold 870 shares of SYNNEX stock. The stock was sold at an average price of $118.99, for a total value of $103,521.30.
SYNNEX Co. (NYSE:SNX) traded down 0.55% during mid-day trading on Friday, hitting $107.03. The company had a trading volume of 90,645 shares. SYNNEX Co. has a 12 month low of $77.54 and a 12 month high of $129.24. The firm has a market capitalization of $4.27 billion, a P/E ratio of 17.11 and a beta of 1.18. The company has a 50-day moving average price of $112.65 and a 200 day moving average price of $115.28.
SYNNEX (NYSE:SNX) last posted its quarterly earnings results on Monday, March 27th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.16. The business earned $3.52 billion during the quarter, compared to analyst estimates of $3.50 billion. SYNNEX had a return on equity of 14.80% and a net margin of 1.67%. The business’s revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.37 earnings per share. Equities analysts forecast that SYNNEX Co. will post $7.90 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 28th. Stockholders of record on Friday, April 14th will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, April 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.93%. SYNNEX’s dividend payout ratio (DPR) is presently 17.01%.
Several research analysts have recently commented on the company. Stifel Nicolaus raised SYNNEX from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research note on Wednesday, April 12th. They noted that the move was a valuation call. Zacks Investment Research raised SYNNEX from a “hold” rating to a “buy” rating and set a $126.00 price objective on the stock in a research note on Thursday, March 30th. Finally, Brean Capital raised their price objective on SYNNEX from $124.00 to $134.00 and gave the stock a “buy” rating in a research note on Wednesday, January 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. SYNNEX has a consensus rating of “Hold” and an average price target of $115.33.
Hedge funds and other institutional investors have recently modified their holdings of the company. Elkfork Partners LLC acquired a new position in shares of SYNNEX during the fourth quarter valued at $163,000. Fuller & Thaler Asset Management Inc. raised its position in shares of SYNNEX by 23.1% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,600 shares of the business services provider’s stock valued at $183,000 after buying an additional 300 shares during the last quarter. Affinity Wealth Management acquired a new position in shares of SYNNEX during the first quarter valued at $205,000. MSI Financial Services Inc raised its position in shares of SYNNEX by 91,300.0% in the third quarter. MSI Financial Services Inc now owns 1,828 shares of the business services provider’s stock valued at $209,000 after buying an additional 1,826 shares during the last quarter. Finally, LS Investment Advisors LLC raised its position in shares of SYNNEX by 7.2% in the third quarter. LS Investment Advisors LLC now owns 1,859 shares of the business services provider’s stock valued at $212,000 after buying an additional 125 shares during the last quarter. Institutional investors own 73.27% of the company’s stock.
SYNNEX Company Profile
Synnex Corporation is a business process services company. The Company provides a range of distribution, logistics and integration services for the technology industry and providing outsourced services focused on customer engagement strategy. The Company operates in two segments: Technology Solutions and Concentrix.
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