Thomas S. Wurster Sells 300 Shares of Synnex Corporation (SNX) Stock

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.

Several equities analysts have recently issued reports on the company. Citigroup boosted their target price on Synnex from $122.00 to $130.00 and gave the company a “neutral” rating in a research note on Tuesday, September 26th. Needham & Company LLC boosted their target price on Synnex from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, September 26th. ValuEngine raised Synnex from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. BidaskClub cut Synnex from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Finally, Loop Capital upped their price target on Synnex from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, September 26th. One analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Synnex has a consensus rating of “Buy” and a consensus price target of $135.13.

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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