Synnex Corporation (SNX) Director Thomas S. Wurster Sells 300 Shares

Synnex Corporation (NYSE:SNX) Director Thomas S. Wurster sold 300 shares of Synnex stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $136.57, for a total transaction of $40,971.00. Following the completion of the sale, the director now owns 10,531 shares in the company, valued at $1,438,218.67. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of Synnex Corporation (SNX) traded up $1.26 during midday trading on Wednesday, hitting $137.21. 299,100 shares of the company traded hands, compared to its average volume of 198,400. The company has a current ratio of 1.61, a quick ratio of 0.80 and a debt-to-equity ratio of 0.25. Synnex Corporation has a 12 month low of $101.48 and a 12 month high of $138.38. The stock has a market capitalization of $5,480.00, a P/E ratio of 18.62 and a beta of 1.08.

Several hedge funds and other institutional investors have recently modified their holdings of SNX. Advisor Group Inc. boosted its holdings in Synnex by 50.1% in the second quarter. Advisor Group Inc. now owns 929 shares of the business services provider’s stock valued at $112,000 after acquiring an additional 310 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Synnex by 9.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,122 shares of the business services provider’s stock worth $135,000 after buying an additional 96 shares during the last quarter. Affinity Wealth Management raised its position in Synnex by 1.9% in the 2nd quarter. Affinity Wealth Management now owns 1,869 shares of the business services provider’s stock worth $224,000 after buying an additional 34 shares during the last quarter. Shelton Capital Management purchased a new stake in shares of Synnex during the 2nd quarter valued at about $246,000. Finally, Riverhead Capital Management LLC increased its position in shares of Synnex by 74.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,098 shares of the business services provider’s stock valued at $252,000 after purchasing an additional 898 shares during the last quarter. 71.68% of the stock is currently owned by institutional investors.

Several equities research analysts have issued reports on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $132.00 price target on shares of Synnex in a research note on Tuesday, October 17th. Zacks Investment Research cut shares of Synnex from a “buy” rating to a “hold” rating in a research report on Tuesday, November 28th. SunTrust Banks started coverage on shares of Synnex in a research report on Thursday, December 7th. They set a “buy” rating and a $145.00 price objective for the company. Pivotal Research initiated coverage on shares of Synnex in a report on Friday, October 6th. They set a “hold” rating and a $137.00 target price on the stock. Finally, ValuEngine raised shares of Synnex from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Synnex has a consensus rating of “Buy” and an average price target of $136.22.

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About Synnex

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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