Systemax Inc. (SYX) Given Consensus Recommendation of “Hold” by Analysts

Systemax Inc. (NYSE:SYX) has been given an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One 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 a number of analysts’ ratings changes.

Brokers have set a one year consensus price objective of $22.00 for the company, according to Zacks. Zacks has also given Systemax an industry rank of 24 out of 265 based on the ratings given to related companies.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN raised its holdings in shares of 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 acquiring an additional 45 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Systemax by 483.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 5,830 shares of the company’s stock valued at $154,000 after purchasing an additional 4,830 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Systemax by 193.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,520 shares of the company’s stock valued at $198,000 after purchasing an additional 6,934 shares during the last quarter. Alliancebernstein L.P. raised its stake in Systemax by 12.1% in the 2nd quarter. Alliancebernstein L.P. now owns 14,807 shares of the company’s stock valued at $278,000 after purchasing an additional 1,600 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in Systemax by 49.0% in the 2nd quarter. New York State Common Retirement Fund now owns 15,200 shares of the company’s stock valued at $286,000 after purchasing an additional 4,999 shares during the last quarter. 26.84% of the stock is owned by hedge funds and other institutional investors.

Shares of Systemax (NYSE:SYX) traded down $2.22 during mid-day trading on Friday, reaching $32.30. 149,100 shares of the company traded hands, compared to its average volume of 170,800. The stock has a market cap of $1,200.00, a P/E ratio of 27.14 and a beta of 0.15. Systemax has a one year low of $7.05 and a one year high of $34.91.

The business also recently announced a None dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, January 5th will be paid a dividend of $1.50 per share. This represents a dividend yield of 1.18%. The ex-dividend date is Thursday, January 4th. Systemax’s dividend payout ratio is currently 33.61%.

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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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