Richard C Young & Company Boosted Its Position in Visa (V) by $964,845 as Market Value Rose; As Synnex (SNX) Share Value Declined, Holder Hillsdale Investment Management Decreased Stake by $957,600

February 15, 2018 - By Peter Erickson

Hillsdale Investment Management Inc decreased its stake in Synnex Corp (SNX) by 90.48% based on its latest 2017Q3 regulatory filing with the SEC. Hillsdale Investment Management Inc sold 7,600 shares as the company’s stock declined 8.02% while stock markets rallied. The institutional investor held 800 shares of the computer software & peripheral equipment company at the end of 2017Q3, valued at $101,000, down from 8,400 at the end of the previous reported quarter. Hillsdale Investment Management Inc who had been investing in Synnex Corp for a number of months, seems to be less bullish one the $4.82 billion market cap company. The stock increased 1.86% or $2.19 during the last trading session, reaching $120.19. About 79,901 shares traded. SYNNEX Corporation (NYSE:SNX) has risen 29.93% since February 15, 2017 and is uptrending. It has outperformed by 13.23% the S&P500.

Richard C Young & Company increased its stake in Visa Inc (V) by 12.91% based on its latest 2017Q3 regulatory filing with the SEC. Richard C Young & Company bought 9,189 shares as the company’s stock rose 5.74% with the market. The institutional investor held 80,353 shares of the business services company at the end of 2017Q3, valued at $8.46 million, up from 71,164 at the end of the previous reported quarter. Richard C Young & Company who had been investing in Visa Inc for a number of months, seems to be bullish on the $274.03B market cap company. The stock increased 0.66% or $0.8 during the last trading session, reaching $121.42. About 4.31 million shares traded. Visa Inc. (NYSE:V) has risen 20.29% since February 15, 2017 and is uptrending. It has outperformed by 3.59% the S&P500.

Among 42 analysts covering Visa Inc. (NYSE:V), 34 have Buy rating, 0 Sell and 8 Hold. Therefore 81% are positive. Visa Inc. had 125 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Visa Inc. (NYSE:V) has “Buy” rating given on Thursday, June 22 by RBC Capital Markets. The stock has “Buy” rating by Buckingham Research on Thursday, October 26. The rating was maintained by Oppenheimer on Wednesday, October 25 with “Buy”. As per Wednesday, December 16, the company rating was initiated by UBS. KeyBanc Capital Markets maintained Visa Inc. (NYSE:V) rating on Wednesday, December 13. KeyBanc Capital Markets has “Buy” rating and $125.0 target. The rating was maintained by Loop Capital with “Buy” on Thursday, October 26. The firm earned “Buy” rating on Thursday, February 1 by RBC Capital Markets. The company was downgraded on Wednesday, January 24 by DZ Bank. On Thursday, February 1 the stock rating was maintained by Robert W. Baird with “Buy”. The firm has “Buy” rating given on Tuesday, October 10 by Wells Fargo.

Richard C Young & Company, which manages about $977.77M and $528.35M US Long portfolio, decreased its stake in General Electric Co (NYSE:GE) by 19,864 shares to 270,189 shares, valued at $6.53 million in 2017Q3, according to the filing.

Since August 17, 2017, it had 0 buys, and 2 insider sales for $6.36 million activity. MATSCHULLAT ROBERT W sold $707,561 worth of stock or 6,220 shares. CRANSTON MARY B sold $1.07 million worth of stock.

Investors sentiment decreased to 1 in Q3 2017. Its down 0.13, from 1.13 in 2017Q2. It dived, as 48 investors sold V shares while 617 reduced holdings. 142 funds opened positions while 524 raised stakes. 1.64 billion shares or 1.45% less from 1.66 billion shares in 2017Q2 were reported. Wasatch Advsrs owns 32,300 shares for 0.05% of their portfolio. Princeton Portfolio Strategies Grp Limited Liability Company stated it has 1.28% in Visa Inc. (NYSE:V). American Money Limited Com owns 32,138 shares. Moreover, Hirtle Callaghan And Communications Ltd Liability Corporation has 0.01% invested in Visa Inc. (NYSE:V) for 704 shares. Rothschild Prns Ltd Com reported 36,563 shares. Moreover, First Citizens Bancorporation And Tru Comm has 0.4% invested in Visa Inc. (NYSE:V). Umb Bankshares N A Mo reported 0.14% stake. Nationwide Fund Advisors owns 1.41 million shares or 0.58% of their US portfolio. Ubs Asset Mngmt Americas Inc stated it has 9.21 million shares. Wedge Mgmt L LP Nc invested in 2,067 shares or 0% of the stock. Yhb Invest has invested 1.64% in Visa Inc. (NYSE:V). Victory Mgmt Inc reported 866,045 shares. Sumitomo Life Ins invested in 1.04% or 77,772 shares. Cambridge Investment Research Advisors stated it has 0.32% in Visa Inc. (NYSE:V). First Interstate Bancorp has invested 0.36% in Visa Inc. (NYSE:V).

Since September 1, 2017, it had 0 insider buys, and 18 insider sales for $212.00 million activity. MURAI KEVIN M had sold 2,000 shares worth $227,323 on Tuesday, September 12. LAROCQUE PETER also sold $1.08 million worth of SYNNEX Corporation (NYSE:SNX) shares. Witt Marshall had sold 300 shares worth $38,127. $36,577 worth of stock was sold by Wurster Thomas S. on Thursday, February 1. The insider Zulberti Andrea M sold $206,865. $58.77M worth of SYNNEX Corporation (NYSE:SNX) was sold by SILVER STAR DEVELOPMENTS LTD.

Investors sentiment decreased to 1.08 in Q3 2017. Its down 0.06, from 1.14 in 2017Q2. It dropped, as 16 investors sold SNX shares while 77 reduced holdings. 30 funds opened positions while 70 raised stakes. 28.38 million shares or 0.39% more from 28.27 million shares in 2017Q2 were reported. Boston Ptnrs holds 0.04% or 265,777 shares. Victory Capital Mngmt has 0.12% invested in SYNNEX Corporation (NYSE:SNX). Fund Mngmt invested in 12,755 shares. Sg Americas Secs Lc holds 0.02% of its portfolio in SYNNEX Corporation (NYSE:SNX) for 14,807 shares. Raymond James And Associate invested in 14,717 shares. Cubist Systematic Strategies holds 5,882 shares. Panagora Asset Mngmt reported 0% in SYNNEX Corporation (NYSE:SNX). Wright Serv reported 0.12% stake. Origin Asset Management Llp reported 77,668 shares stake. Public Employees Retirement Association Of Colorado has invested 0.1% in SYNNEX Corporation (NYSE:SNX). 14,471 are owned by Mason Street Limited Liability Corporation. Ny State Common Retirement Fund holds 42,545 shares or 0.01% of its portfolio. Texas Permanent School Fund, Texas-based fund reported 21,285 shares. Michigan-based Ww Asset has invested 0.01% in SYNNEX Corporation (NYSE:SNX). Principal Fincl Grp Inc Inc accumulated 358,434 shares.

Among 11 analysts covering SYNNEX (NYSE:SNX), 6 have Buy rating, 2 Sell and 3 Hold. Therefore 55% are positive. SYNNEX had 30 analyst reports since August 20, 2015 according to SRatingsIntel. On Wednesday, March 23 the stock rating was downgraded by Raymond James to “Underperform”. The company was upgraded on Thursday, August 20 by Zacks. The firm has “Underperform” rating by CLSA given on Thursday, October 29. The company was upgraded on Wednesday, May 18 by Raymond James. Brean Capital maintained it with “Buy” rating and $108 target in Friday, June 24 report. On Thursday, October 29 the stock rating was downgraded by Credit Agricole to “Underperform”. The stock of SYNNEX Corporation (NYSE:SNX) earned “Buy” rating by Stifel Nicolaus on Wednesday, April 12. The rating was upgraded by Zacks to “Hold” on Thursday, August 27. On Tuesday, January 9 the stock rating was maintained by Stifel Nicolaus with “Buy”. Citigroup downgraded SYNNEX Corporation (NYSE:SNX) on Monday, May 2 to “Neutral” rating.

Hillsdale Investment Management Inc, which manages about $1.05 billion and $593.40M US Long portfolio, upped its stake in Marine Prods Corp (NYSE:MPX) by 50,609 shares to 65,794 shares, valued at $1.06 million in 2017Q3, according to the filing. It also increased its holding in Enbridge Inc (NYSE:ENB) by 30,300 shares in the quarter, for a total of 123,530 shares, and has risen its stake in Taseko Mines Ltd (NYSEMKT:TGB).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter: