Synnex Corporation (NYSE:SNX) Director Andrea M. Zulberti sold 1,500 shares of the firm’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $137.91, for a total value of $206,865.00. Following the transaction, the director now directly owns 13,922 shares in the company, valued at $1,919,983.02. The sale was disclosed in a document filed with the SEC, which is available at this link.

Shares of Synnex Corporation (NYSE:SNX) traded down $2.23 during trading on Tuesday, reaching $135.74. The company’s stock had a trading volume of 214,458 shares, compared to its average volume of 291,910. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 0.50. The stock has a market cap of $5,513.99, a PE ratio of 18.10 and a beta of 1.08. Synnex Corporation has a 1-year low of $101.48 and a 1-year high of $141.94.

Synnex (NYSE:SNX) last announced its quarterly earnings results on Tuesday, January 9th. The business services provider reported $2.79 EPS for the quarter, topping the Zacks’ consensus estimate of $2.69 by $0.10. The business had revenue of $5.31 billion for the quarter, compared to analysts’ expectations of $4.85 billion. Synnex had a return on equity of 16.43% and a net margin of 1.77%. The business’s quarterly revenue was up 36.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.57 EPS. sell-side analysts forecast that Synnex Corporation will post 10.42 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 19th will be paid a $0.35 dividend. This is a boost from Synnex’s previous quarterly dividend of $0.30. This represents a $1.40 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Thursday, January 18th. Synnex’s payout ratio is 16.00%.

A number of equities analysts recently weighed in on the company. Needham & Company LLC raised their price objective on Synnex from $145.00 to $151.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Citigroup reaffirmed a “neutral” rating and issued a $150.00 price target on shares of Synnex in a research note on Wednesday, January 10th. Pivotal Research reaffirmed a “hold” rating and issued a $150.00 price target (up from $138.00) on shares of Synnex in a research note on Wednesday, January 10th. Loop Capital lifted their price target on Synnex from $1.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Finally, Zacks Investment Research raised Synnex from a “hold” rating to a “buy” rating and set a $153.00 price target on the stock in a research note on Saturday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $145.38.

Several hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new stake in shares of Synnex in the 3rd quarter worth approximately $889,000. California Public Employees Retirement System grew its position in shares of Synnex by 5.7% in the 3rd quarter. California Public Employees Retirement System now owns 58,110 shares of the business services provider’s stock worth $7,351,000 after buying an additional 3,110 shares during the last quarter. Affinity Wealth Management grew its position in shares of Synnex by 72.4% in the 3rd quarter. Affinity Wealth Management now owns 3,222 shares of the business services provider’s stock worth $408,000 after buying an additional 1,353 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Synnex in the 3rd quarter worth approximately $484,000. Finally, Invictus RG grew its position in shares of Synnex by 30.6% in the 3rd quarter. Invictus RG now owns 2,994 shares of the business services provider’s stock worth $379,000 after buying an additional 701 shares during the last quarter. Hedge funds and other institutional investors own 71.67% of the company’s stock.

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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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