Systemax Inc. (NYSE:SYX) has been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating. Systemax’s rating score has declined by 200% from three months ago as a result of various analysts’ ratings changes.

Brokers have set a 1 year consensus target price of $22.00 for the company, according to Zacks. Zacks has also assigned Systemax an industry rank of 214 out of 265 based on the ratings given to its competitors.

Separately, Sidoti downgraded shares of Systemax from a “buy” rating to a “neutral” rating in a research report on Friday, November 10th.

Shares of Systemax (NYSE:SYX) traded down $0.70 during mid-day trading on Tuesday, reaching $29.48. 99,100 shares of the company traded hands, compared to its average volume of 75,128. Systemax has a 52 week low of $7.05 and a 52 week high of $32.33. The stock has a market capitalization of $1,118.82, a PE ratio of 29.02 and a beta of 0.16.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, November 13th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $0.40 annualized dividend and a yield of 1.36%. Systemax’s payout ratio is presently 400.04%.

In other Systemax news, CEO Lawrence P. Reinhold sold 80,203 shares of the stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $26.79, for a total value of $2,148,638.37. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 69.50% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SYX. Vanguard Group Inc. raised its position in shares of Systemax by 37.9% during the 2nd quarter. Vanguard Group Inc. now owns 831,951 shares of the company’s stock valued at $15,640,000 after purchasing an additional 228,829 shares during the period. EAM Investors LLC bought a new stake in shares of Systemax during the 3rd quarter valued at $4,249,000. King Luther Capital Management Corp raised its position in shares of Systemax by 5.0% during the 2nd quarter. King Luther Capital Management Corp now owns 1,208,471 shares of the company’s stock valued at $22,719,000 after purchasing an additional 58,000 shares during the period. Ameriprise Financial Inc. bought a new stake in shares of Systemax during the 3rd quarter valued at $1,398,000. Finally, Chicago Equity Partners LLC raised its position in shares of Systemax by 238.9% during the 3rd quarter. Chicago Equity Partners LLC now owns 68,092 shares of the company’s stock valued at $1,800,000 after purchasing an additional 48,002 shares during the period. Institutional investors and hedge funds own 26.84% of the company’s stock.

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Systemax Company Profile

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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