Systemax Inc. (NYSE:SYX) VP Manoj Shetty sold 5,000 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $23.30, for a total transaction of $116,500.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Systemax Inc. (SYX) traded down 0.78% during mid-day trading on Thursday, hitting $22.93. 93,792 shares of the stock were exchanged. Systemax Inc. has a 12-month low of $7.05 and a 12-month high of $26.28. The company has a 50 day moving average of $19.92 and a 200 day moving average of $13.99. The firm’s market cap is $848.41 million.
Systemax (NYSE:SYX) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.16. The company had revenue of $313 million for the quarter. Systemax had a negative net margin of 0.87% and a positive return on equity of 12.40%. On average, equities analysts anticipate that Systemax Inc. will post $1.23 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Monday, August 14th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, August 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.74%. Systemax’s payout ratio is -114.29%.
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Hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised 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 worth $129,000 after buying an additional 45 shares during the last quarter. Alliancebernstein L.P. raised its stake in Systemax by 12.1% in the second quarter. Alliancebernstein L.P. now owns 14,807 shares of the company’s stock worth $278,000 after buying an additional 1,600 shares during the last quarter. Rhumbline Advisers raised its stake in Systemax by 0.6% in the second quarter. Rhumbline Advisers now owns 15,372 shares of the company’s stock worth $289,000 after buying an additional 88 shares during the last quarter. Chicago Equity Partners LLC purchased a new stake in Systemax during the second quarter worth $378,000. Finally, Swiss National Bank purchased a new stake in Systemax during the second quarter worth $462,000. Hedge funds and other institutional investors own 24.73% of the company’s stock.
SYX has been the topic of several recent research reports. Sidoti reiterated a “buy” rating and set a $31.00 target price (up from $25.00) on shares of Systemax in a report on Thursday. BidaskClub cut shares of Systemax from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, TheStreet upgraded shares of Systemax from a “c” rating to a “b-” rating in a report on Monday, June 5th.
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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