Zebra Capital Management LLC boosted its position in SYNNEX Co. (NYSE:SNX) by 163.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,098 shares of the business services provider’s stock after buying an additional 9,976 shares during the period. SYNNEX makes up about 0.7% of Zebra Capital Management LLC’s holdings, making the stock its 3rd biggest position. Zebra Capital Management LLC’s holdings in SYNNEX were worth $1,554,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Wells Fargo & Company MN raised its stake in shares of SYNNEX by 72.6% during the 1st quarter. Wells Fargo & Company MN now owns 183,343 shares of the business services provider’s stock worth $21,708,000 after buying an additional 77,144 shares during the last quarter. American Century Companies Inc. raised its stake in shares of SYNNEX by 26.7% during the 1st quarter. American Century Companies Inc. now owns 42,981 shares of the business services provider’s stock worth $5,089,000 after buying an additional 9,058 shares during the last quarter. Swiss National Bank raised its stake in shares of SYNNEX by 2.4% during the 1st quarter. Swiss National Bank now owns 52,200 shares of the business services provider’s stock worth $6,180,000 after buying an additional 1,200 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in shares of SYNNEX during the 1st quarter worth $370,000. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of SYNNEX by 4.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 220,206 shares of the business services provider’s stock worth $26,073,000 after buying an additional 10,368 shares during the last quarter. Hedge funds and other institutional investors own 71.66% of the company’s stock.

Shares of SNX stock opened at $95.20 on Thursday. SYNNEX Co. has a twelve month low of $93.77 and a twelve month high of $141.94. The stock has a market capitalization of $3.76 billion, a P/E ratio of 10.74 and a beta of 0.86. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.49 and a quick ratio of 0.91.

SYNNEX (NYSE:SNX) last announced its earnings results on Thursday, June 28th. The business services provider reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.08. SYNNEX had a net margin of 1.49% and a return on equity of 16.69%. The firm had revenue of $4.97 billion during the quarter, compared to the consensus estimate of $4.66 billion. During the same quarter in the previous year, the company posted $2.08 EPS. The firm’s revenue for the quarter was up 26.3% on a year-over-year basis. analysts expect that SYNNEX Co. will post 10.1 EPS for the current year.

Several research analysts have recently issued reports on the company. Zacks Investment Research downgraded SYNNEX from a “hold” rating to a “sell” rating in a research note on Tuesday, July 3rd. ValuEngine downgraded SYNNEX from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 26th. Pivotal Research cut their price target on SYNNEX from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, June 29th. TheStreet raised SYNNEX from a “c+” rating to a “b” rating in a research note on Friday, June 29th. Finally, Cross Research downgraded SYNNEX from a “buy” rating to a “hold” rating in a research note on Friday, June 29th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $141.14.

In other SYNNEX news, CEO Dennis Polk sold 2,000 shares of SYNNEX stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $95.68, for a total value of $191,360.00. Following the completion of the sale, the chief executive officer now owns 26,494 shares in the company, valued at approximately $2,534,945.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Marshall Witt sold 300 shares of SYNNEX stock in a transaction dated Monday, July 2nd. The shares were sold at an average price of $95.79, for a total value of $28,737.00. Following the completion of the sale, the chief financial officer now owns 19,010 shares of the company’s stock, valued at approximately $1,820,967.90. The disclosure for this sale can be found here. Insiders sold a total of 8,057 shares of company stock valued at $775,749 in the last three months. 3.20% of the stock is currently owned by corporate insiders.

SYNNEX Company Profile

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

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Institutional Ownership by Quarter for SYNNEX (NYSE:SNX)

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