Great West Life Assurance Co. Can lessened its stake in Systemax Inc. (NYSE:SYX) by 36.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 1,306 shares of the company’s stock after selling 751 shares during the period. Great West Life Assurance Co. Can’s holdings in Systemax were worth $29,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SYX. First Trust Advisors LP boosted its position in shares of Systemax by 19.0% during the 1st quarter. First Trust Advisors LP now owns 92,212 shares of the company’s stock valued at $2,088,000 after purchasing an additional 14,701 shares in the last quarter. Scout Investments Inc. boosted its position in shares of Systemax by 96.0% during the 2nd quarter. Scout Investments Inc. now owns 267,369 shares of the company’s stock valued at $5,925,000 after purchasing an additional 130,952 shares in the last quarter. Falcon Point Capital LLC boosted its position in shares of Systemax by 9.2% during the 2nd quarter. Falcon Point Capital LLC now owns 28,350 shares of the company’s stock valued at $628,000 after purchasing an additional 2,386 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Systemax by 2.1% during the 2nd quarter. Bessemer Group Inc. now owns 44,600 shares of the company’s stock valued at $988,000 after purchasing an additional 900 shares in the last quarter. Finally, Aperio Group LLC bought a new stake in shares of Systemax during the 2nd quarter valued at about $42,000. Hedge funds and other institutional investors own 29.26% of the company’s stock.
Several equities research analysts recently commented on the company. TheStreet upgraded Systemax from a “c+” rating to a “b-” rating in a research report on Wednesday, October 2nd. Zacks Investment Research upgraded Systemax from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd.
Shares of NYSE:SYX opened at $22.27 on Friday. The business’s 50 day simple moving average is $22.58 and its two-hundred day simple moving average is $21.46. The firm has a market cap of $859.46 million, a P/E ratio of 17.96 and a beta of 0.04. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.77. Systemax Inc. has a 52-week low of $18.49 and a 52-week high of $32.95.
Systemax (NYSE:SYX) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The firm had revenue of $243.90 million during the quarter, compared to the consensus estimate of $252.00 million. Systemax had a return on equity of 33.72% and a net margin of 5.32%. On average, equities analysts forecast that Systemax Inc. will post 1.23 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Monday, November 11th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.48 annualized dividend and a yield of 2.16%. Systemax’s payout ratio is currently 38.71%.
Systemax Inc operates as a direct marketer of brand name and private label industrial and business equipment and supplies in North America. It sells a range of maintenance, repair, and operation products, including storage and shelving, material handling, janitorial and maintenance products, furniture and office products, workbenches and shop desks, HVAC/R and fans, safety and security products, outdoor and grounds maintenance products, tools and instruments, and office and school supplies.
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