Synnex Corporation (NYSE:SNX) CEO Kevin M. Murai sold 2,000 shares of the stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $132.74, for a total value of $265,480.00. Following the completion of the sale, the chief executive officer now directly owns 144,125 shares of the company’s stock, valued at approximately $19,131,152.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Synnex Corporation (NYSE:SNX) traded up $0.94 on Wednesday, hitting $133.53. The stock had a trading volume of 108,494 shares, compared to its average volume of 201,339. Synnex Corporation has a 1-year low of $101.48 and a 1-year high of $137.80. The stock has a market capitalization of $5,299.38, a price-to-earnings ratio of 15.36 and a beta of 1.08. 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 (NYSE:SNX) last released its quarterly earnings results on Monday, September 25th. The business services provider reported $2.16 EPS for the quarter, topping the 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 during the quarter, compared to analyst estimates of $4 billion. During the same period last year, the business posted $1.73 earnings per share. The company’s quarterly revenue was up 16.5% on a year-over-year basis. research analysts expect that Synnex Corporation will post 8.78 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its holdings in Synnex by 5.7% in the second quarter. FMR LLC now owns 5,587,157 shares of the business services provider’s stock valued at $670,236,000 after purchasing an additional 302,301 shares during the period. Vanguard Group Inc. boosted its holdings in Synnex by 2.3% in the second quarter. Vanguard Group Inc. now owns 3,221,813 shares of the business services provider’s stock valued at $386,489,000 after purchasing an additional 71,317 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Synnex by 13.3% in the second quarter. Goldman Sachs Group Inc. now owns 1,315,521 shares of the business services provider’s stock valued at $157,810,000 after purchasing an additional 154,174 shares during the period. State Street Corp boosted its holdings in Synnex by 3.8% in the second quarter. State Street Corp now owns 993,336 shares of the business services provider’s stock valued at $119,164,000 after purchasing an additional 36,210 shares during the period. Finally, Victory Capital Management Inc. raised its stake in Synnex by 189.1% in the third quarter. Victory Capital Management Inc. now owns 439,603 shares of the business services provider’s stock valued at $55,614,000 after buying an additional 287,522 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Several equities research analysts recently commented on SNX shares. Zacks Investment Research raised Synnex from a “hold” rating to a “buy” rating and set a $131.00 price target for the company in a report on Thursday, September 21st. Pivotal Research started coverage on Synnex in a report on Friday, October 6th. They issued a “hold” rating and a $137.00 price target for the company. ValuEngine cut Synnex from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. Needham & Company LLC reaffirmed a “buy” rating and issued a $135.00 price target on shares of Synnex in a report on Monday, September 18th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $132.00 price objective on shares of Synnex in a research report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $136.22.

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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.

Insider Buying and Selling by Quarter for Synnex (NYSE:SNX)

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