Dimensional Fund Advisors Lp Sells A Little More Synnex Corporation (SNX) Stock

Evrard Martin
Août 12, 2017

The fund owned 111,700 shares of the business services provider's stock at the end of the second quarter. Thrivent Financial For Lutherans invested 0% in SYNNEX Corporation (NYSE:SNX).

Other firms have also shifted positions in (SNX). Clinton Group Inc. purchased a new position in Synnex Corporation during the first quarter worth $1,116,000. World Asset Management Inc now owns 2,086 shares of the business services provider's stock valued at $234,000 after buying an additional 17 shares during the last quarter. Citadel Advisors LLC now owns 269,111 shares valued at $32,283,000. Curbstone Fincl Management Corporation holds 0.28% or 3,675 shares in its portfolio. Blackrock Group Ltd owns 72,177 shares for 0% of their portfolio. Secor Capital Advisors Lp, a New York-based fund reported 41,789 shares. Its stake was worth $269,186,000 a decrease of $1,425,000 as of the end of the quarter. Alpha Windward LLC boosted its position in Synnex Corporation by 1.5% in the first quarter. Alpha Windward LLC now owns 4,080 shares of the business services provider's stock worth $457,000 after buying an additional 60 shares during the last quarter. Following the sale, the chief operating officer now directly owns 28,468 shares of the company's stock, valued at approximately $3,401,071.96.

Synnex Corporation (SNX) traded down 0.10% during trading on Friday, reaching $116.29.

The company's P/E ratio is 16.69 and the market cap of the company is 4.64B. Synnex Corporation has a 52-week low of $99.75 and a 52-week high of $131.35.

Company chares are trading at $116.41 which is just a bit below $120.28, the 50 day moving average and which is just over the 200 day moving average of $115.62.

Synnex Corporation (NYSE:SNX) last posted its quarterly earnings data on Thursday, June 22nd. 1,500 SYNNEX Corporation (NYSE:SNX) shares with value of $167,955 were sold by POLK DENNIS. The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.79 billion. The business's quarterly revenue was up 16.5% compared to the same quarter previous year. Analysts forecast that Synnex Corporation will post $8.41 EPS for the current fiscal year.

Synnex Corporation declared that its board has initiated a stock buyback program on Thursday, June 22nd that allows the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the business services provider to repurchase up to 6.2% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. The ex-dividend date was Wednesday, July 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.86%. Synnex Corporation's dividend payout ratio is presently 14.35%.

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Prudential Plc decreased Synnex Corp (SNX) stake by 14.11% reported in 2016Q4 SEC filing. If you are viewing this piece on another domain, it was copied illegally and reposted in violation of global copyright & trademark laws.

A number of research firms have weighed in on SNX. Zacks Investment Research lowered Synnex Corporation from a buy rating to a hold rating in a research note on Tuesday, May 30th. Citigroup Inc. lowered their target price on Synnex Corporation from $130.00 to $122.00 and set a neutral rating for the company in a research note on Friday, June 9th. They noted that the move was a valuation call. Finally, Vanguard Group Inc. increased its stake in Synnex Corporation by 3.1% in the first quarter. Stifel Nicolaus maintained the shares of SNX in report on Friday, June 9 with "Buy" rating. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. $45.54's average target is 120.32% above currents $20.67 stock price. MURAI KEVIN M sold $217,360 worth of SYNNEX Corporation (NYSE:SNX) on Tuesday, May 9. The total value of its holdings increased 12.1%. Following the transaction, the director now owns 14,922 shares in the company, valued at approximately $1,880,172. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Simon Leung sold 856 shares of the stock in a transaction that occurred on Thursday, June 1st. The shares were sold on August 1st for an average price of $119.67. Following the transaction, the senior vice president now owns 27,078 shares in the company, valued at $3,042,754.86. State Treasurer State of MI now owns 11,800 shares of the business services provider's stock worth $1,321,000 after buying an additional 100 shares during the last quarter.

Synnex Corporation is a business process services company. The Firm provides a range of distribution, logistics and integration services for the technology industry and providing outsourced services focused on customer engagement strategy.

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