The 9,551 Shares of Synnex Corp. (SNX) Stock are sold by Peter Larocque

The 9,551 Shares of Synnex Corp. (SNX) Stock are sold by Peter Larocque

Synnex Corp. (NYSE:SNX) insider Peter Larocque sold 9,551 shares of the company’s stock in a transaction on Wednesday, October 12th. The stock was sold at an average price of $106.62, for a total value of $1,018,327.62. Following the sale, the insider now owns 19,150 shares of the company’s stock, valued at approximately $2,041,773. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Peter Larocque also recently made the following trade(s): On Thursday, October 13th, Peter Larocque sold 2,600 shares of Synnex Corp. stock. The stock was sold at an average price of $105.82, for a total value of $275,132.00. On Friday, October 7th, Peter Larocque sold 2,400 shares of Synnex Corp. stock. The stock was sold at an average price of $111.28, for a total value of $267,072.00.

Synnex Corp. (NYSE:SNX) opened at 104.23 on Tuesday. Synnex Corp. has a 12 month low of $75.87 and a 12 month high of $118.80. The stock’s 50 day moving average price is $107.34 and its 200-day moving average price is $96.50. The firm has a market capitalization of $4.15 billion, a P/E ratio of 19.64 and a beta of 1.10.

Synnex Corp. (NYSE:SNX) last announced its quarterly earnings results on Monday, September 26th. The company reported $1.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.17. The business earned $3.67 billion during the quarter. Synnex Corp. had a net margin of 1.54% and a return on equity of 13.47%. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.47 EPS. Equities analysts forecast that Synnex Corp. will post $6.57 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, October 14th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Wednesday, October 12th. This is an increase from Synnex Corp.’s previous quarterly dividend of $0.20. Synnex Corp.’s dividend payout ratio (DPR) is 18.83%.

Hedge funds have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System increased its stake in Synnex Corp. by 0.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 13,572 shares of the company’s stock valued at $1,287,000 after buying an additional 86 shares during the period. United Services Automobile Association increased its stake in Synnex Corp. by 2.6% in the second quarter. United Services Automobile Association now owns 5,180 shares of the company’s stock valued at $491,000 after buying an additional 130 shares during the period. Ameritas Investment Partners Inc. increased its stake in Synnex Corp. by 2.3% in the second quarter. Ameritas Investment Partners Inc. now owns 6,802 shares of the company’s stock valued at $645,000 after buying an additional 153 shares during the period. Suntrust Banks Inc. increased its stake in Synnex Corp. by 5.6% in the second quarter. Suntrust Banks Inc. now owns 4,768 shares of the company’s stock valued at $452,000 after buying an additional 254 shares during the period. Finally, Strs Ohio increased its stake in Synnex Corp. by 2.0% in the second quarter. Strs Ohio now owns 15,500 shares of the company’s stock valued at $1,469,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors own 75.36% of the company’s stock.

SNX has been the subject of a number of analyst reports. Zacks Investment Research upgraded Synnex Corp. from a “hold” rating to a “buy” rating and set a $117.00 target price for the company in a report on Friday, September 9th. Stifel Nicolaus upped their target price on Synnex Corp. from $98.00 to $104.00 and gave the stock a “hold” rating in a report on Tuesday, September 27th. Credit Agricole SA upped their target price on Synnex Corp. from $88.00 to $113.00 and gave the stock an “underperform” rating in a report on Tuesday, September 27th. Brean Capital restated a “buy” rating and set a $108.00 target price (up previously from $97.00) on shares of Synnex Corp. in a report on Friday, June 24th. Finally, Raymond James Financial Inc. restated a “market perform” rating on shares of Synnex Corp. in a report on Saturday, June 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $106.71.

Synnex Corp. Company Profile

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