Synnex Corporation (NYSE:SNX) CFO Marshall Witt sold 300 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $135.52, for a total value of $40,656.00. Following the completion of the transaction, the chief financial officer now directly owns 21,300 shares of the company’s stock, valued at $2,886,576. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Monday, October 2nd, Marshall Witt sold 300 shares of Synnex Corporation stock. The stock was sold at an average price of $127.09, for a total value of $38,127.00.

Synnex Corporation (NYSE:SNX) last announced its quarterly earnings results on Monday, September 25th. The business services provider reported $2.16 EPS for the quarter, beating the Zacks’ consensus estimate of $1.97 by $0.19. Synnex Corporation had a net margin of 1.89% and a return on equity of 16.58%. The firm had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4 billion. During the same quarter last year, the firm earned $1.73 EPS. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 13th were issued a $0.30 dividend. This is an increase from Synnex Corporation’s previous quarterly dividend of $0.25. The ex-dividend date was Thursday, October 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.89%. Synnex Corporation’s dividend payout ratio (DPR) is presently 16.28%.

WARNING: This news story was first reported by American Banking News and is the property of of American Banking News. If you are reading this news story on another site, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/11/02/synnex-corporation-snx-cfo-marshall-witt-sells-300-shares.html.

Several large investors have recently made changes to their positions in SNX. FMR LLC lifted its holdings in shares of Synnex Corporation by 5.7% in the 2nd quarter. FMR LLC now owns 5,587,157 shares of the business services provider’s stock valued at $670,236,000 after acquiring an additional 302,301 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Synnex Corporation by 189.1% in the 3rd quarter. Victory Capital Management Inc. now owns 439,603 shares of the business services provider’s stock valued at $55,614,000 after acquiring an additional 287,522 shares during the last quarter. Teachers Advisors LLC lifted its holdings in shares of Synnex Corporation by 190.5% in the 2nd quarter. Teachers Advisors LLC now owns 251,605 shares of the business services provider’s stock valued at $30,183,000 after acquiring an additional 165,008 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Synnex Corporation by 13.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,315,521 shares of the business services provider’s stock valued at $157,810,000 after acquiring an additional 154,174 shares during the last quarter. Finally, Voya Investment Management LLC lifted its holdings in shares of Synnex Corporation by 972.2% in the 2nd quarter. Voya Investment Management LLC now owns 122,360 shares of the business services provider’s stock valued at $14,678,000 after acquiring an additional 110,948 shares during the last quarter. 71.36% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on the company. ValuEngine raised Synnex Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Citigroup Inc. raised their price target on Synnex Corporation from $122.00 to $130.00 and gave the stock a “neutral” rating in a report on Tuesday, September 26th. Needham & Company LLC raised their price target on Synnex Corporation from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, September 26th. BidaskClub lowered Synnex Corporation from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Finally, Loop Capital raised their price target on Synnex Corporation from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Synnex Corporation has an average rating of “Buy” and an average target price of $135.13.

About Synnex Corporation

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 Corporation (NYSE:SNX)

Receive News & Ratings for Synnex Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synnex Corporation and related companies with MarketBeat.com's FREE daily email newsletter.