Shares of Systemax Inc. (NYSE:SYX) have earned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Brokerages have set a twelve-month consensus price objective of $22.00 for the company, according to Zacks. Zacks has also assigned Systemax an industry rank of 4 out of 265 based on the ratings given to its competitors.
A number of institutional investors and hedge funds have recently modified their holdings of SYX. Wells Fargo & Company MN lifted its stake in Systemax by 0.7% in the second quarter. Wells Fargo & Company MN now owns 6,846 shares of the company’s stock valued at $129,000 after buying an additional 45 shares during the period. New York State Common Retirement Fund lifted its stake in Systemax by 49.0% in the second quarter. New York State Common Retirement Fund now owns 15,200 shares of the company’s stock valued at $286,000 after buying an additional 4,999 shares during the period. Northern Trust Corp raised its position in shares of Systemax by 11.7% during the second quarter. Northern Trust Corp now owns 175,262 shares of the company’s stock worth $3,295,000 after purchasing an additional 18,333 shares during the period. Vanguard Group Inc. raised its position in shares of Systemax by 37.9% during the second quarter. Vanguard Group Inc. now owns 831,951 shares of the company’s stock worth $15,640,000 after purchasing an additional 228,829 shares during the period. Finally, State Street Corp raised its position in shares of Systemax by 22.9% during the second quarter. State Street Corp now owns 205,907 shares of the company’s stock worth $3,872,000 after purchasing an additional 38,352 shares during the period. 27.77% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Systemax (SYX) traded up $0.72 during mid-day trading on Friday, reaching $30.12. The company had a trading volume of 51,791 shares, compared to its average volume of 101,453. Systemax has a 1-year low of $7.05 and a 1-year high of $34.91. The company has a market capitalization of $1,088.42, a PE ratio of 28.83 and a beta of 0.22.
Systemax (NYSE:SYX) last announced its earnings results on Tuesday, February 27th. The company reported $0.34 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.34. Systemax had a return on equity of 21.87% and a net margin of 3.19%. The business had revenue of $330.60 million for the quarter.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, March 9th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This is a positive change from Systemax’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 1.46%. Systemax’s payout ratio is 41.91%.
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Systemax Inc is a direct marketer of brand name and private label products. The Company’s segments are Industrial Products Group (IPG), EMEA Technology Products Group (EMEA), and Corporate and Other (Corporate). The IPG segment sells an array of maintenance, repair and operational (MRO) products, which are marketed in North America.
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