SYNNEX Co. (NYSE:SNX) CFO Marshall Witt sold 285 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $118.70, for a total transaction of $33,829.50. Following the transaction, the chief financial officer now owns 15,642 shares of the company’s stock, valued at approximately $1,856,705.40. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Marshall Witt also recently made the following trade(s):
- On Tuesday, October 1st, Marshall Witt sold 285 shares of SYNNEX stock. The stock was sold at an average price of $113.98, for a total transaction of $32,484.30.
- On Tuesday, September 3rd, Marshall Witt sold 285 shares of SYNNEX stock. The stock was sold at an average price of $82.70, for a total transaction of $23,569.50.
Shares of SNX opened at $118.99 on Thursday. The firm has a market cap of $6.16 billion, a PE ratio of 10.93, a PEG ratio of 0.92 and a beta of 1.01. The firm’s 50 day moving average price is $112.90 and its 200 day moving average price is $99.20. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.57. SYNNEX Co. has a twelve month low of $71.82 and a twelve month high of $122.43.
SYNNEX (NYSE:SNX) last released its quarterly earnings results on Tuesday, September 24th. The business services provider reported $3.30 EPS for the quarter, beating the Zacks’ consensus estimate of $2.86 by $0.44. SYNNEX had a net margin of 1.92% and a return on equity of 17.96%. The company had revenue of $6.20 billion for the quarter, compared to analyst estimates of $5.69 billion. During the same quarter last year, the firm posted $2.57 earnings per share. The company’s quarterly revenue was up 28.7% compared to the same quarter last year. On average, sell-side analysts anticipate that SYNNEX Co. will post 12.61 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Thursday, October 10th. SYNNEX’s dividend payout ratio is 13.77%.
Several large investors have recently added to or reduced their stakes in the company. CWM LLC grew its stake in shares of SYNNEX by 187.3% in the third quarter. CWM LLC now owns 227 shares of the business services provider’s stock worth $26,000 after acquiring an additional 148 shares during the last quarter. CENTRAL TRUST Co raised its holdings in shares of SYNNEX by 290.7% in the second quarter. CENTRAL TRUST Co now owns 336 shares of the business services provider’s stock valued at $32,000 after buying an additional 250 shares during the last quarter. First National Bank of South Miami bought a new position in shares of SYNNEX in the second quarter valued at about $52,000. FNY Investment Advisers LLC bought a new position in shares of SYNNEX in the second quarter valued at about $79,000. Finally, Investors Research Corp raised its holdings in shares of SYNNEX by 17.6% in the second quarter. Investors Research Corp now owns 843 shares of the business services provider’s stock valued at $83,000 after buying an additional 126 shares during the last quarter. 77.01% of the stock is currently owned by institutional investors.
SNX has been the subject of a number of research analyst reports. ValuEngine lowered shares of SYNNEX from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. TheStreet raised shares of SYNNEX from a “c+” rating to a “b-” rating in a research report on Friday, September 27th. Zacks Investment Research raised shares of SYNNEX from a “hold” rating to a “buy” rating and set a $126.00 price objective on the stock in a research report on Tuesday, October 1st. Bank of America assumed coverage on shares of SYNNEX in a research report on Friday, September 6th. They set a “buy” rating and a $120.00 price objective on the stock. Finally, Barrington Research reaffirmed a “buy” rating and set a $118.00 price objective on shares of SYNNEX in a research report on Friday, September 20th. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $128.80.
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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