SYNNEX Corporation (SNX) : Campbell Co Investment Adviser added new position in SYNNEX Corporation during the most recent quarter end. The investment management firm now holds 3,391 shares of SYNNEX Corporation which is valued at $354,665 , the company said in a statement filed on Aug 15, 2016 with the SEC.SYNNEX Corporation makes up approximately 1.73% of Campbell Co Investment Adviser’s portfolio.
Other Hedge Funds, Including , Rhumbline Advisers reduced its stake in SNX by selling 8,635 shares or 11.79% in the most recent quarter. The Hedge Fund company now holds 64,629 shares of SNX which is valued at $6,759,547. SYNNEX Corporation makes up approx 0.02% of Rhumbline Advisers’s portfolio.Blackrock Group Ltd reduced its stake in SNX by selling 181 shares or 0.66% in the most recent quarter. The Hedge Fund company now holds 27,276 shares of SNX which is valued at $2,852,797. Calvert Investment Management sold out all of its stake in SNX during the most recent quarter. The investment firm sold 33,024 shares of SNX which is valued $3,348,634.Regentatlantic Capital boosted its stake in SNX in the latest quarter, The investment management firm added 775 additional shares and now holds a total of 4,875 shares of SYNNEX Corporation which is valued at $488,816. SYNNEX Corporation makes up approx 0.05% of Regentatlantic Capital’s portfolio.
SYNNEX Corporation opened for trading at $105.91 and hit $106.74 on the upside on Thursday, eventually ending the session at $106.27, with a gain of 0.09% or 0.1 points. The heightened volatility saw the trading volume jump to 1,65,428 shares. Company has a market cap of $4,226 M.
On the company’s financial health, SYNNEX Corporation reported $1.37 EPS for the quarter, based on the information available during the earnings call on Mar 28, 2016. Analyst had a consensus estimate of $1.37. The company had revenue of $3125.60 million for the quarter, compared to analysts expectations of $3272.64 million. The company’s revenue was down -2.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.46 EPS.
Many Wall Street Analysts have commented on SYNNEX Corporation. SYNNEX Corporation was Resumed by Needham to “Hold” on Jun 24, 2016. SYNNEX Corporation was Downgraded by Raymond James to ” Mkt Perform” on Jun 8, 2016. SYNNEX Corporation was Upgraded by Raymond James to ” Outperform” on May 18, 2016.
Synnex Corporation is a business process services company. The Company offers a range of services to resellers retailers and original equipment manufacturers financial and insurance institutions and other industry verticals across the world. The Company’s primary business process services are wholesale information technology (IT) distribution and outsourcing services. The Company operates in two segments: distribution services also known as Technology Solutions and global business services also known as Concentrix. Its Technology Solutions segment distributes peripherals IT systems including data center server and storage solutions system components software networking equipment and consumer electronics. Its Concentrix segment offers a range of solutions and end-to-end business services focused on customer engagement strategy process optimization technology innovation front and back-office automation and business transformation to clients in various industry verticals.