The Synnex Corporation (SNX) Receives Buy Rating from Stifel Nicolaus


First Midwest Bank Trust Division now owns 4,547 shares of the business services provider's stock valued at $509,000 after buying an additional 155 shares during the last quarter.

COPYRIGHT VIOLATION NOTICE: "Morgan Stanley Sells 20,131 Shares of Synnex Corporation (NYSE:SNX)" was first reported by BNB Daily and is the property of of BNB Daily.

Institutional investors have recently bought and sold shares of the stock. Clinton Group Inc. purchased a new position in Synnex Corporation during the first quarter worth $1,116,000. Oregon Public Employees Retirement Fund now owns 10,168 shares of the business services provider's stock valued at $1,138,000 after buying an additional 100 shares during the last quarter. Citadel Advisors LLC divested its investment by selling 56,721 shares a decrease of 17.4% as of 06/30/2017. DUPONT CAPITAL MANAGEMENT Corp now owns 20,264 shares of the business services provider's stock worth $2,268,000 after buying an additional 12,873 shares during the last quarter. Regentatlantic Capital LLC boosted its position in shares of Synnex Corporation by 1.5% in the second quarter. Its stake was worth $269,186,000 a decrease of $1,425,000 as of quarter end. Retirement Systems of Alabama boosted its position in shares of Synnex Corporation by 0.3% in the first quarter. 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. Nationwide Fund Advisors expanded its ownership by buying 69 shares an increase of 0.1%.

Shares of Synnex Corporation (SNX) opened at 118.74 on Thursday. 119,596 shares of the stock were exchanged.

The company now has a P/E ratio of 16.69 and the market cap is 4.64B. The firm has a 50 day moving average of $120.39 and a 200-day moving average of $115.61.

Liverpool say Philippe Coutinho is 'definitively' not for sale
Juventus will decide whether to make a new bid for Liverpool star Emre Can in the next 72 hours according to reports in Italy. A report suggests that Philippe Coutinho feels aggrieved by how he is treated at Liverpool by manager Jurgen Klopp .

Synnex Corporation (NYSE:SNX) last posted its earnings results on Thursday, June 22nd. The business services provider reported $2.08 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.79 by $0.29. Synnex Corporation had a return on equity of 16.29% and a net margin of 1.86%. The firm had revenue of $3.94 billion for the quarter, compared to analysts' expectations of $3.79 billion. The stock had a trading volume of 124,599 shares.

Synnex Corporation is a business process services company. On average, equities research analysts predict that Synnex Corporation will post $8.41 EPS for the current year.

Synnex Corporation announced that its board has authorized a share repurchase program on Thursday, June 22nd that allows the company to repurchase $300.00 million in outstanding shares. Shares repurchase programs are usually a sign that the company's board believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. This dividend amount represented a yeild of $0.84. The ex-dividend date of this dividend was Wednesday, July 12th. They expect $1.99 earnings per share, up 15.03 % or $0.26 from last year's $1.73 per share. Meeder Asset Mgmt has invested 0.02% in SYNNEX Corporation (NYSE:SNX). If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States & global copyright and trademark legislation. The legal version of this piece can be viewed at

A number of research firms have weighed in on SNX. Finally, Raymond James Financial, Inc. raised shares of Synnex Corporation from a "market perform" rating to a "strong-buy" rating and set a $122.00 target price for the company in a research note on Friday, May 19th. Finally, Zacks Investment Research downgraded shares of Synnex Corporation from a "buy" rating to a "hold" rating in a research report on Tuesday, May 30th. The stock of SYNNEX Corporation (NYSE:SNX) has "Hold" rating given on Thursday, August 27 by Zacks. Vanguard Group Inc. boosted its position 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 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 stock has a consensus rating of "Hold" and a consensus price target of $126.67. The total value of its holdings decreased 11.5%. Following the sale, the chief executive officer now owns 142,311 shares of the company's stock, valued at $16,708,734.51. Also, SVP Simon Leung sold 856 shares of the business's stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $112.37, for a total transaction of $96,188.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,028 shares of company stock worth $2,988,958. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 0% of its portfolio in SYNNEX Corporation (NYSE:SNX).