Samedi, 24 Mars 2018
Dernières nouvelles
Principale » Morgan Stanley Sells 20131 Shares of Synnex Corporation (NYSE:SNX)

Morgan Stanley Sells 20131 Shares of Synnex Corporation (NYSE:SNX)

12 Août 2017

A number of other large investors have also modified their holdings of the company. World Asset Management Inc boosted its position in shares of Synnex Corporation by 0.8% in the first quarter. As of quarter end American International Group Inc had bought a total of 1,789 shares growing its stake by 2.4%. Hennessy Advisors Inc trimmed its holdings by selling 12,600 shares a decrease of 4.1% as of 06/30/2017. Citadel Advisors LLC now owns 269,111 shares valued at $32,283,000. Jane Street Group LLC acquired a new stake in Synnex Corporation during the first quarter valued at approximately $228,000. Tiaa Cref Investment Management LLC now controls 169,789 shares valued at $20,368,000. Oregon Public Employees Retirement Fund boosted its position in Synnex Corporation by 1.0% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 20,264 shares of the business services provider's stock valued at $2,268,000 after buying an additional 12,873 shares in the last quarter. DUPONT CAPITAL MANAGEMENT Corp boosted its position in Synnex Corporation by 174.2% in the first quarter. Stifel Nicolaus now has a $132.00 target price on the business services provider's stock. Hedge funds and other institutional investors own 70.97% of the company's stock. About shares traded. SYNNEX Corporation (NYSE:SNX) has risen 29.93% since August 10, 2016 and is uptrending.

In other news, Director Andrea M. Zulberti sold 2,500 shares of Synnex Corporation stock in a transaction dated Tuesday, June 27th. The company has a market capitalization of $4.64 billion, a P/E ratio of 16.69 and a beta of 1.04. The stock of SYNNEX Corporation (NYSE:SNX) has "Underperform" rating given on Wednesday, March 23 by Raymond James. The stock has a 50-day moving average price of $120.39 and a 200 day moving average price of $115.66.

Synnex Corporation (NYSE:SNX) last issued its earnings results on Thursday, June 22nd. The business services provider reported $2.08 EPS for the quarter, beating the Zacks' consensus estimate of $1.79 by $0.29. Synnex Corporation had a net margin of 1.86% and a return on equity of 16.29%. The firm had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.79 billion. The stock had a trading volume of 54,380 shares.

Synnex Corporation declared that its board has initiated a stock repurchase program on Thursday, June 22nd that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the business services provider to buy up to 6.2% of its stock through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its stock is undervalued.

Australian leaders plan vote on same-sex marriage
In Ireland during the referendum on same-sex marriage, the no campaign in that country was brutal for LGBTI people and their families.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, July 14th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.85%. Meeder Asset Mgmt has invested 0.02% in SYNNEX Corporation (NYSE:SNX).

COPYRIGHT VIOLATION NOTICE: This report was first reported by Markets Daily and is the property of of Markets Daily. Sei Investments invested 0.01% in SYNNEX Corporation (NYSE:SNX). If you are reading this piece on another website, it was stolen and reposted in violation of US & global copyright and trademark law. The correct version of this story can be viewed at

SNX has been the subject of several recent research reports. Zacks Investment Research cut Synnex Corporation from a "buy" rating to a "hold" rating in a research report on Tuesday, May 30th. Stifel Nicolaus restated a "buy" rating and issued a $128.00 price objective (up from $120.00) on shares of Synnex Corporation in a research report on Friday, June 9th. They noted that the move was a valuation call. Finally, First Midwest Bank Trust Division increased its stake in Synnex Corporation by 3.5% in the first quarter. BidaskClub raised Synnex Corporation from a hold rating to a buy rating in a research note on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The total value of its holdings increased 12.1%. Following the sale, the chief executive officer now owns 142,311 shares of the company's stock, valued at $16,708,734.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The stock was sold at an average price of $112.37, for a total value of $96,188.72. Following the transaction, the senior vice president now owns 25,053 shares in the company, valued at approximately $3,000,597.81. Simon Leung, Sr VP disclosed the sale of 759 shares of SNX stock. During the same quarter in the previous year, the company posted $1.37 earnings per share. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 0% of its portfolio in SYNNEX Corporation (NYSE:SNX).