Marshall Witt Sells 285 Shares of SYNNEX Co. (NYSE:SNX) Stock

SYNNEX Co. (NYSE:SNX) CFO Marshall Witt sold 285 shares of the 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 completion of the sale, the chief financial officer now owns 14,723 shares in the company, valued at $1,217,592.10. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

  • On Thursday, August 1st, Marshall Witt sold 285 shares of SYNNEX stock. The stock was 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 stock was sold at an average price of $101.16, for a total transaction of $60,696.00.

Shares of SYNNEX stock traded up $2.90 on Friday, hitting $90.59. 447,941 shares of the company traded hands, compared to its average volume of 379,004. The firm’s 50-day simple moving average is $88.64 and its 200 day simple moving average 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. The company has a market cap of $4.38 billion, a P/E ratio of 8.32, a P/E/G ratio of 0.59 and a beta of 0.99. SYNNEX Co. has a 12-month low of $71.82 and a 12-month high of $109.62.

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

Several institutional investors have recently bought and sold shares of SNX. Dimensional Fund Advisors LP lifted its stake in SYNNEX by 44.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,563,670 shares of the business services provider’s stock valued at $207,246,000 after buying an additional 788,533 shares during the last quarter. Geode Capital Management LLC lifted its stake in SYNNEX by 55.4% in the fourth quarter. Geode Capital Management LLC now owns 548,035 shares of the business services provider’s stock valued at $44,302,000 after buying an additional 195,366 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in SYNNEX by 252.9% in the first quarter. BNP Paribas Arbitrage SA now owns 10,922 shares of the business services provider’s stock valued at $1,042,000 after buying an additional 7,827 shares during the last quarter. World Asset Management Inc lifted its stake in SYNNEX by 32.8% in the first quarter. World Asset Management Inc now owns 3,376 shares of the business services provider’s stock valued at $322,000 after buying an additional 834 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in SYNNEX by 233.3% in the first quarter. SG Americas Securities LLC now owns 5,566 shares of the business services provider’s stock valued at $531,000 after buying an additional 3,896 shares during the last quarter. Hedge funds and other institutional investors own 74.98% of the company’s stock.

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

SYNNEX Company Profile

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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