SYNNEX Co. (NYSE:SNX) CFO Marshall Witt sold 285 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $82.70, for a total transaction of $23,569.50. Following the sale, the chief financial officer now directly owns 14,723 shares in the company, valued at approximately $1,217,592.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

  • On Thursday, August 1st, Marshall Witt sold 285 shares of SYNNEX stock. The shares were sold at an average price of $98.50, for a total transaction of $28,072.50.
  • On Monday, July 1st, Marshall Witt sold 600 shares of SYNNEX stock. The shares were sold at an average price of $101.16, for a total transaction of $60,696.00.

SNX traded up $2.90 on Friday, hitting $90.59. The company had a trading volume of 447,941 shares, compared to its average volume of 379,004. The firm has a market cap of $4.38 billion, a P/E ratio of 8.32, a PEG ratio of 0.59 and a beta of 0.99. SYNNEX Co. has a 1 year low of $71.82 and a 1 year high of $109.62. The company’s fifty day moving average price is $88.64 and its 200 day moving average price is $95.89. The company has a current ratio of 1.57, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79.

SYNNEX (NYSE:SNX) last issued its quarterly earnings data on Tuesday, June 25th. The business services provider reported $2.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $0.15. The firm had revenue of $5.72 billion for the quarter, compared to analyst estimates of $5.53 billion. SYNNEX had a net margin of 1.79% and a return on equity of 17.65%. On average, analysts predict that SYNNEX Co. will post 12.1 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its position in SYNNEX by 44.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,563,670 shares of the business services provider’s stock worth $207,246,000 after purchasing an additional 788,533 shares in the last quarter. Geode Capital Management LLC grew its position in shares of SYNNEX by 55.4% during the 4th quarter. Geode Capital Management LLC now owns 548,035 shares of the business services provider’s stock valued at $44,302,000 after acquiring an additional 195,366 shares during the period. BNP Paribas Arbitrage SA grew its position in shares of SYNNEX by 252.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 10,922 shares of the business services provider’s stock valued at $1,042,000 after acquiring an additional 7,827 shares during the period. World Asset Management Inc grew its position in shares of SYNNEX by 32.8% during the 1st quarter. World Asset Management Inc now owns 3,376 shares of the business services provider’s stock valued at $322,000 after acquiring an additional 834 shares during the period. Finally, SG Americas Securities LLC grew its position in shares of SYNNEX by 233.3% during the 1st quarter. SG Americas Securities LLC now owns 5,566 shares of the business services provider’s stock valued at $531,000 after acquiring an additional 3,896 shares during the period. Hedge funds and other institutional investors own 74.98% of the company’s stock.

A number of research firms recently issued reports on SNX. ValuEngine cut shares of SYNNEX from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. Barrington Research set a $118.00 price target on shares of SYNNEX and gave the company a “buy” rating in a research note on Friday, July 12th. Bank of America began coverage on shares of SYNNEX in a research note on Friday. They issued a “buy” rating and a $120.00 price target on the stock. Finally, Zacks Investment Research cut shares of SYNNEX from a “buy” rating to a “hold” rating in a research note on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $122.25.

About SYNNEX

SYNNEX Corporation provides business process services in the Americas, Asia-Pacific, Europe and Africa. It operates in two segments, Technology Solutions and Concentrix. The Technology Solutions segment distributes peripherals; information technology systems, including data center servers and storage solutions; system components; software; networking, communications, and security equipment; consumer electronics; and complementary products.

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Insider Buying and Selling by Quarter for SYNNEX (NYSE:SNX)

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