Systemax Inc. (NYSE:SYX) VP Manoj Shetty sold 5,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $23.30, for a total transaction of $116,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of Systemax Inc. (SYX) traded up 0.61% during trading on Friday, reaching $23.07. 68,920 shares of the company’s stock traded hands. The company has a 50 day moving average of $20.15 and a 200-day moving average of $14.15. The company’s market capitalization is $854.01 million. Systemax Inc. has a 1-year low of $7.05 and a 1-year high of $26.28.
Systemax (NYSE:SYX) last issued its earnings results on Tuesday, August 1st. The company reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.16. Systemax had a positive return on equity of 12.27% and a negative net margin of 0.87%. The firm had revenue of $313 million for the quarter. Equities analysts predict that Systemax Inc. will post $1.23 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Monday, August 14th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Thursday, August 10th. Systemax’s dividend payout ratio is presently -114.29%.
Large investors have recently modified their holdings of the company. Wells Fargo & Company MN raised its stake 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 buying an additional 45 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Systemax by 12.1% in the second quarter. Alliancebernstein L.P. now owns 14,807 shares of the company’s stock valued at $278,000 after buying an additional 1,600 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of 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 in the last quarter. Rhumbline Advisers raised its stake in shares of Systemax by 0.6% in the second quarter. Rhumbline Advisers now owns 15,372 shares of the company’s stock valued at $289,000 after buying an additional 88 shares in the last quarter. Finally, Chicago Equity Partners LLC bought a new stake in shares of Systemax during the second quarter valued at $378,000. 24.73% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have issued reports on SYX shares. Sidoti reissued a “neutral” rating and issued a $22.00 price objective (up from $20.00) on shares of Systemax in a research note on Sunday, June 25th. BidaskClub cut shares of Systemax from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, TheStreet raised shares of Systemax from a “c” rating to a “b-” rating in a research note on Monday, June 5th.
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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