SYNNEX Co. (SNX) Director Kevin M. Murai Sells 2,809 Shares

SYNNEX Co. (NYSE:SNX) Director Kevin M. Murai sold 2,809 shares of the company’s stock in a transaction on Friday, October 26th. The stock was sold at an average price of $77.38, for a total transaction of $217,360.42. Following the completion of the transaction, the director now owns 22,436 shares of the company’s stock, valued at $1,736,097.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

SYNNEX stock opened at $76.88 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 1.51 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 8.68 and a beta of 0.77. SYNNEX Co. has a twelve month low of $72.83 and a twelve month high of $141.94.

SYNNEX (NYSE:SNX) last posted its quarterly earnings results on Wednesday, October 3rd. The business services provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.46 by $0.11. The business had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $4.88 billion. SYNNEX had a net margin of 1.41% and a return on equity of 17.16%. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.16 earnings per share. On average, equities analysts anticipate that SYNNEX Co. will post 10.12 EPS for the current fiscal year.



The company also recently disclosed a quarterly dividend, which was paid on Friday, October 26th. Stockholders of record on Friday, October 12th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend was Thursday, October 11th. SYNNEX’s dividend payout ratio (DPR) is 15.80%.

SNX has been the subject of several recent research reports. SunTrust Banks lowered their price target on shares of SYNNEX to $100.00 and set a “buy” rating for the company in a research note on Thursday, October 4th. Stifel Nicolaus lowered their price target on shares of SYNNEX from $130.00 to $114.00 and set a “buy” rating for the company in a research note on Thursday, October 4th. Zacks Investment Research raised shares of SYNNEX from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a research note on Tuesday, October 9th. TheStreet downgraded shares of SYNNEX from a “b-” rating to a “c+” rating in a research note on Friday, October 12th. Finally, Needham & Company LLC raised shares of SYNNEX from a “buy” rating to a “strong-buy” rating and set a $135.00 price target for the company in a research note on Thursday, October 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $127.00.

Several large investors have recently modified their holdings of SNX. Townsend & Associates Inc bought a new position in shares of SYNNEX during the second quarter valued at about $108,000. Cornerstone Wealth Management LLC bought a new position in shares of SYNNEX during the second quarter valued at about $131,000. Point72 Hong Kong Ltd bought a new position in shares of SYNNEX during the second quarter valued at about $136,000. Nomura Holdings Inc. bought a new position in shares of SYNNEX during the second quarter valued at about $210,000. Finally, First Hawaiian Bank bought a new position in shares of SYNNEX during the third quarter valued at about $221,000. 71.66% of the stock is owned by hedge funds and other institutional investors.

SYNNEX Company Profile

SYNNEX Corporation provides business process services in North and South America, the Asia-Pacific, Europe, and internationally. It operates in two segments, Technology Solutions and Concentrix. The Technology Solutions segment distributes peripherals; information technology systems, including data center server and storage solutions; system components; software; networking/communications/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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