Simon Leung Sells 1,000 Shares of SYNNEX Co. (SNX) Stock

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SYNNEX Co. (NYSE:SNX) SVP Simon Leung sold 1,000 shares of SYNNEX stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $107.27, for a total transaction of $107,270.00. Following the completion of the transaction, the senior vice president now owns 22,257 shares in the company, valued at approximately $2,387,508.39. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Simon Leung also recently made the following trade(s):

  • On Wednesday, April 3rd, Simon Leung sold 1,000 shares of SYNNEX stock. The shares were sold at an average price of $100.16, for a total transaction of $100,160.00.

Shares of NYSE:SNX traded up $0.82 during midday trading on Friday, hitting $107.17. 431 shares of the company’s stock traded hands, compared to its average volume of 375,223. The company has a current ratio of 1.66, a quick ratio of 1.03 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $5.53 billion, a price-to-earnings ratio of 9.77, a PEG ratio of 0.75 and a beta of 0.78. SYNNEX Co. has a twelve month low of $71.82 and a twelve month high of $116.47.

SYNNEX (NYSE:SNX) last posted its earnings results on Wednesday, March 27th. The business services provider reported $2.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.75 by $0.09. The business had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.29 billion. SYNNEX had a net margin of 1.75% and a return on equity of 17.78%. The business’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.14 EPS. On average, analysts predict that SYNNEX Co. will post 11.91 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 12th were issued a dividend of $0.375 per share. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $1.50 annualized dividend and a dividend yield of 1.40%. SYNNEX’s payout ratio is 13.77%.

SNX has been the topic of a number of research analyst reports. Cross Research upgraded shares of SYNNEX from a “hold” rating to a “buy” rating in a report on Friday, January 11th. ValuEngine upgraded shares of SYNNEX from a “strong sell” rating to a “sell” rating in a report on Friday, January 11th. Citigroup upgraded shares of SYNNEX from a “neutral” rating to a “buy” rating and set a $97.02 target price on the stock in a report on Monday, January 28th. TheStreet upgraded shares of SYNNEX from a “c+” rating to a “b-” rating in a report on Friday, January 25th. Finally, Zacks Investment Research lowered shares of SYNNEX from a “buy” rating to a “hold” rating in a report on Thursday, March 14th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $123.00.

Large investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System increased its position in shares of SYNNEX by 0.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the business services provider’s stock worth $1,059,000 after purchasing an additional 100 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in SYNNEX by 1.9% during the 1st quarter. Crossmark Global Holdings Inc. now owns 7,034 shares of the business services provider’s stock valued at $671,000 after purchasing an additional 128 shares during the period. Huntington National Bank boosted its stake in SYNNEX by 31.7% during the 1st quarter. Huntington National Bank now owns 914 shares of the business services provider’s stock valued at $87,000 after purchasing an additional 220 shares during the period. Parkside Financial Bank & Trust boosted its stake in SYNNEX by 103.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 498 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 253 shares during the period. Finally, Private Capital Group LLC acquired a new position in SYNNEX during the 1st quarter valued at about $25,000. Institutional investors and hedge funds own 77.66% of the company’s stock.

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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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