SYNNEX Co. (NYSE:SNX) CEO Kevin M. Murai sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 14th. The shares were sold at an average price of $116.53, for a total value of $233,060.00. Following the completion of the transaction, the chief executive officer now owns 142,311 shares of the company’s stock, valued at $16,583,500.83. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
SYNNEX Co. (NYSE:SNX) opened at 119.90 on Monday. SYNNEX Co. has a 52-week low of $77.54 and a 52-week high of $129.24. The firm’s 50-day moving average price is $118.66 and its 200-day moving average price is $114.73. The firm has a market cap of $4.78 billion, a P/E ratio of 20.38 and a beta of 1.18.
SYNNEX (NYSE:SNX) last announced its quarterly earnings results on Tuesday, January 10th. The company reported $2.57 EPS for the quarter, beating the Zacks’ consensus estimate of $2.09 by $0.48. SYNNEX had a return on equity of 14.80% and a net margin of 1.67%. The firm had revenue of $3.89 billion for the quarter. During the same period in the previous year, the business posted $1.80 earnings per share. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. Equities research analysts expect that SYNNEX Co. will post $7.65 EPS for the current year.
Your IP Address:
Hedge funds have recently made changes to their positions in the stock. BlackRock Fund Advisors raised its stake in shares of SYNNEX by 8.0% in the third quarter. BlackRock Fund Advisors now owns 1,539,613 shares of the company’s stock worth $175,685,000 after buying an additional 113,998 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of SYNNEX by 31.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,157,433 shares of the company’s stock worth $132,075,000 after buying an additional 273,877 shares during the period. Northern Trust Corp increased its position in shares of SYNNEX by 0.6% in the third quarter. Northern Trust Corp now owns 1,049,272 shares of the company’s stock worth $119,733,000 after buying an additional 6,607 shares during the period. AQR Capital Management LLC increased its position in shares of SYNNEX by 11.2% in the fourth quarter. AQR Capital Management LLC now owns 893,420 shares of the company’s stock worth $108,122,000 after buying an additional 90,133 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of SYNNEX by 7.8% in the third quarter. JPMorgan Chase & Co. now owns 848,441 shares of the company’s stock worth $96,815,000 after buying an additional 61,577 shares during the period. 73.27% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently issued reports on the company. Brean Capital boosted their price objective on SYNNEX from $124.00 to $134.00 and gave the company a “buy” rating in a research report on Wednesday, January 11th. Zacks Investment Research lowered SYNNEX from a “buy” rating to a “hold” rating in a research report on Thursday, December 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. SYNNEX has an average rating of “Hold” and an average target price of $116.17.
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.
This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/kevin-m-murai-sells-2000-shares-of-synnex-co-snx-stock/1708921.html
Receive News & Ratings for SYNNEX Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SYNNEX Co. and related companies with MarketBeat.com's FREE daily email newsletter.