Synnex Corporation (NYSE:SNX) Director Thomas S. Wurster sold 300 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $134.05, for a total transaction of $40,215.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Synnex Corporation (NYSE:SNX) traded down $2.00 during trading on Friday, reaching $134.20. 142,121 shares of the company’s stock traded hands, compared to its average volume of 202,269. The stock has a market capitalization of $5,488.42, a price-to-earnings ratio of 15.91 and a beta of 1.09. Synnex Corporation has a one year low of $101.48 and a one year high of $137.80. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.61 and a quick ratio of 0.80.
Synnex (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 Thomson Reuters’ consensus estimate of $1.97 by $0.19. The company had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4 billion. Synnex had a net margin of 1.89% and a return on equity of 16.58%. The firm’s revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.73 earnings per share. sell-side analysts predict that Synnex Corporation will post 8.79 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in SNX. Capstone Asset Management Co. increased its stake in Synnex by 5.8% in the second quarter. Capstone Asset Management Co. now owns 3,998 shares of the business services provider’s stock valued at $480,000 after purchasing an additional 220 shares during the last quarter. Bank of Montreal Can purchased a new position in Synnex in the second quarter valued at approximately $309,000. LS Investment Advisors LLC increased its stake in Synnex by 15.4% in the second quarter. LS Investment Advisors LLC now owns 2,259 shares of the business services provider’s stock valued at $271,000 after purchasing an additional 302 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Synnex by 0.5% in the second quarter. Nisa Investment Advisors LLC now owns 11,160 shares of the business services provider’s stock valued at $1,339,000 after purchasing an additional 50 shares during the last quarter. Finally, Aperio Group LLC increased its stake in Synnex by 0.8% in the second quarter. Aperio Group LLC now owns 14,817 shares of the business services provider’s stock valued at $1,777,000 after purchasing an additional 114 shares during the last quarter. Institutional investors own 71.68% of the company’s stock.
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.
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