Synnex Corporation (NYSE:SNX) Director Thomas S. Wurster sold 300 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $134.05, for a total value of $40,215.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Synnex Corporation (NYSE:SNX) traded down $2.09 during mid-day trading on Friday, reaching $134.20. The company had a trading volume of 142,121 shares, compared to its average volume of 168,972. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.80 and a current ratio of 1.61. Synnex Corporation has a 12 month low of $101.48 and a 12 month high of $137.80. The stock has a market capitalization of $5,363.30, a PE ratio of 15.55 and a beta of 1.08.
Synnex (NYSE:SNX) last released its earnings results on Monday, September 25th. The business services provider reported $2.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.97 by $0.19. Synnex had a return on equity of 16.58% and a net margin of 1.89%. The business had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4 billion. During the same period in the previous year, the company posted $1.73 earnings per share. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. equities research analysts predict that Synnex Corporation will post 8.79 earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in SNX. Capstone Asset Management Co. boosted its holdings in Synnex by 5.8% in the second quarter. Capstone Asset Management Co. now owns 3,998 shares of the business services provider’s stock worth $480,000 after acquiring an additional 220 shares in the last quarter. Bank of Montreal Can bought a new position in shares of Synnex during the second quarter valued at $309,000. LS Investment Advisors LLC lifted its holdings in shares of Synnex by 15.4% during the second quarter. LS Investment Advisors LLC now owns 2,259 shares of the business services provider’s stock valued at $271,000 after purchasing an additional 302 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Synnex by 0.5% during the second quarter. Nisa Investment Advisors LLC now owns 11,160 shares of the business services provider’s stock valued at $1,339,000 after purchasing an additional 50 shares in the last quarter. Finally, Aperio Group LLC lifted its holdings in shares of Synnex by 0.8% during the second quarter. Aperio Group LLC now owns 14,817 shares of the business services provider’s stock valued at $1,777,000 after purchasing an additional 114 shares in the last quarter. 71.68% of the stock is currently owned by institutional investors and hedge funds.
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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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