Synnex Corporation (SNX) COO Sells $203,085.00 in Stock

Synnex Corporation (NYSE:SNX) COO Dennis Polk sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $135.39, for a total transaction of $203,085.00. Following the completion of the transaction, the chief operating officer now directly owns 20,374 shares in the company, valued at approximately $2,758,435.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Dennis Polk also recently made the following trade(s):

  • On Wednesday, November 1st, Dennis Polk sold 1,500 shares of Synnex stock. The stock was sold at an average price of $134.91, for a total transaction of $202,365.00.
  • On Monday, October 2nd, Dennis Polk sold 1,500 shares of Synnex stock. The stock was sold at an average price of $126.91, for a total transaction of $190,365.00.

Synnex Corporation (SNX) traded down $2.00 during trading on Friday, hitting $134.20. 142,121 shares of the stock traded hands, compared to its average volume of 202,269. The company has a market capitalization of $5,488.42, a PE ratio of 15.91 and a beta of 1.09. 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 Corporation has a 52-week low of $101.48 and a 52-week high of $137.80.

Synnex (NYSE:SNX) last released its quarterly earnings data on Monday, September 25th. The business services provider reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.19. The firm had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4 billion. Synnex had a net margin of 1.89% and a return on equity of 16.58%. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.73 earnings per share. sell-side analysts expect that Synnex Corporation will post 8.79 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Advisor Group Inc. raised its position in shares of Synnex by 50.1% during the second quarter. Advisor Group Inc. now owns 929 shares of the business services provider’s stock valued at $112,000 after buying an additional 310 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Synnex by 9.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,122 shares of the business services provider’s stock valued at $135,000 after buying an additional 96 shares during the last quarter. Opus Capital Group LLC bought a new stake in shares of Synnex during the second quarter valued at approximately $219,000. Affinity Wealth Management raised its position in shares of Synnex by 1.9% during the second quarter. Affinity Wealth Management now owns 1,869 shares of the business services provider’s stock valued at $224,000 after buying an additional 34 shares during the last quarter. Finally, Shelton Capital Management bought a new stake in Synnex in the second quarter worth $246,000. Hedge funds and other institutional investors own 71.68% of the company’s stock.

Several brokerages have weighed in on SNX. ValuEngine raised shares of Synnex from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Citigroup lifted their price target on shares of Synnex from $122.00 to $130.00 and gave the company a “neutral” rating in a report on Tuesday, September 26th. Needham & Company LLC lifted their price target on shares of Synnex from $135.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, September 26th. BidaskClub downgraded shares of Synnex from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Finally, Loop Capital lifted their price target on shares of Synnex from $140.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $135.13.

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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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