SYNNEX Co. (NYSE:SNX) CFO Marshall Witt sold 300 shares of the company’s stock in a transaction on Friday, June 1st. The stock was sold at an average price of $107.66, for a total value of $32,298.00. Following the transaction, the chief financial officer now owns 19,310 shares in the company, valued at $2,078,914.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Marshall Witt also recently made the following trade(s):

  • On Tuesday, May 1st, Marshall Witt sold 300 shares of SYNNEX stock. The stock was sold at an average price of $100.00, for a total value of $30,000.00.
  • On Monday, April 2nd, Marshall Witt sold 300 shares of SYNNEX stock. The stock was sold at an average price of $100.32, for a total value of $30,096.00.

SYNNEX opened at $111.80 on Thursday, Marketbeat Ratings reports. The firm has a market cap of $4.46 billion, a PE ratio of 12.62 and a beta of 0.98. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.48. SYNNEX Co. has a twelve month low of $93.87 and a twelve month high of $141.94.

SYNNEX (NYSE:SNX) last posted its earnings results on Thursday, March 29th. The business services provider reported $2.14 EPS for the quarter, beating the consensus estimate of $2.11 by $0.03. The firm had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.47 billion. SYNNEX had a return on equity of 16.52% and a net margin of 1.46%. SYNNEX’s revenue for the quarter was up 29.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.82 earnings per share. analysts predict that SYNNEX Co. will post 10.21 EPS for the current year.

A number of analysts have recently weighed in on SNX shares. Zacks Investment Research raised SYNNEX from a “sell” rating to a “hold” rating in a research report on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and set a $135.00 price objective (down previously from $151.00) on shares of SYNNEX in a research report on Monday, April 2nd. They noted that the move was a valuation call. ValuEngine lowered SYNNEX from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. TheStreet lowered SYNNEX from a “b” rating to a “c+” rating in a research report on Friday, April 20th. Finally, Pivotal Research set a $135.00 price objective on SYNNEX and gave the stock a “buy” rating in a research report on Monday, April 2nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $143.29.

Large investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in SYNNEX by 48.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,663 shares of the business services provider’s stock valued at $226,000 after buying an additional 541 shares during the last quarter. Integre Asset Management LLC increased its holdings in SYNNEX by 54.5% in the first quarter. Integre Asset Management LLC now owns 1,700 shares of the business services provider’s stock valued at $201,000 after buying an additional 600 shares during the last quarter. Zeke Capital Advisors LLC purchased a new position in SYNNEX in the fourth quarter valued at $252,000. Csenge Advisory Group purchased a new position in SYNNEX in the first quarter valued at $229,000. Finally, BlueCrest Capital Management Ltd purchased a new position in SYNNEX in the fourth quarter valued at $280,000. 72.54% of the stock is currently 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.

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

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