Oakbrook Investments LLC now owns 2,150 shares of the business services provider's stock valued at $258,000 after buying an additional 50 shares during the last quarter. Affinity Wealth Management bought a new stake in shares of Synnex Corporation during the first quarter worth $205,000. Its stake was worth $269,186,000 a decrease of $1,425,000 as of the end of the quarter. Oregon Public Employees Retirement Fund boosted its position in Synnex Corporation by 1.0% in the first quarter. Sawgrass Asset Management LLC purchased a new position in shares of Synnex Corporation during the first quarter valued at about $384,000. DUPONT CAPITAL MANAGEMENT Corp boosted its position in Synnex Corporation by 174.2% in the first quarter. Can now owns 17,701 shares of the business services provider's stock valued at $1,981,000 after buying an additional 827 shares during the last quarter.
Shares of Synnex Corporation (SNX) opened at 118.74 on Thursday. The stock had a trading volume of 124,599 shares. The stock's 50 day moving average is $120.39 and its 200-day moving average is $115.61.
Synnex Corporation's P/E ratio is 16.71 and market cap is 4.65B. Synnex Corporation has a 52-week low of $100.06 and a 52-week high of $131.35.
Synnex Corporation (NYSE:SNX) last issued its earnings results on Thursday, June 22nd. In the latest earnings report the EPS was $6.97 and is estimated to be $8.41 for the current year with 39,939,000 shares now outstanding. The firm had revenue of $3.94 billion during the quarter, compared to analysts' expectations of $3.79 billion. Synnex Corporation had a net margin of 1.86% and a return on equity of 16.29%.
Synnex Corporation, launched on September 4, 2003, is a business process services company. Over the last quarter, insiders have sold 27,028 shares of company stock valued at $3,226,618. On average, equities analysts expect that Synnex Corporation will post $8.41 earnings per share for the current fiscal year.
Synnex Corporation announced that its board has authorized a stock repurchase program on Thursday, June 22nd that authorizes the company to buyback $300.00 million in outstanding shares. Shares repurchase programs are usually a sign that the company's board believes its shares are undervalued. Investors of record on Friday, July 14th were paid a dividend of $0.25 per share. The dividend payment was $0.250 per share for the quarter which is $1.00 annualized. The ex-dividend date was set for Wednesday the 12th of July 2017. Synnex Corporation's dividend payout ratio (DPR) is now 14.35%.
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Several research firms recently issued reports on SNX.
Tiaa Cref Investment Management LLC bolstered its stake by buying 60,637 shares an increase of 55.6% in the quarter. Zacks Investment Research downgraded Synnex Corporation from a "buy" rating to a "hold" rating in a report on Tuesday, May 30th. Raymond James Financial, Inc. upgraded Synnex Corporation from a "market perform" rating to a "strong-buy" rating and set a $122.00 price target for the company in a research report on Friday, May 19th. Stifel Nicolaus reaffirmed a "buy" rating and issued a $132.00 price objective on shares of Synnex Corporation in a report on Thursday, August 3rd. BidaskClub raised Synnex Corporation from a hold rating to a buy rating in a research note on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. The stock now has a consensus rating of "Hold" and an average price target of $126.67. Institutional investors and hedge funds own 70.97% of the company's stock. The stock was sold at an average price of $125.00, for a total value of $39,750.00. Tiaa Cref Investment Management LLC now controls 169,789 shares valued at $20,368,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The stock of SYNNEX Corporation (NYSE:SNX) earned "Hold" rating by Needham on Friday, June 24. The stock was sold at an average price of $112.37, for a total transaction of $96,188.72. Following the transaction, the chief operating officer now directly owns 35,468 shares in the company, valued at approximately $3,955,036.68. Simon Leung, Sr VP disclosed the sale of 759 shares of SNX stock. Following the sale, the senior vice president now owns 27,078 shares in the company, valued at $3,042,754.86. The Company provides a range of distribution, logistics and integration services for the technology industry and providing outsourced services focused on customer engagement strategy.