Systemax Inc. (NYSE:SYX) Given Average Recommendation of “Strong Buy” by Brokerages

Shares of Systemax Inc. (NYSE:SYX) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Brokerages have set a 12-month consensus price objective of $34.00 for the company and are anticipating that the company will post $0.24 EPS for the current quarter, according to Zacks. Zacks has also assigned Systemax an industry rank of 233 out of 255 based on the ratings given to related companies.

A number of equities research analysts have 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.

In other news, Director Lawrence P. Reinhold sold 3,583 shares of Systemax stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $25.00, for a total transaction of $89,575.00. Following the completion of the sale, the director now directly owns 183,154 shares in the company, valued at approximately $4,578,850. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lawrence P. Reinhold sold 1,304 shares of Systemax stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $25.00, for a total value of $32,600.00. Following the sale, the director now owns 183,154 shares of the company’s stock, valued at $4,578,850. The disclosure for this sale can be found here. 67.20% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the company. Bank of Montreal Can lifted its holdings in Systemax by 1,205.7% in the 2nd quarter. Bank of Montreal Can now owns 1,136 shares of the company’s stock worth $25,000 after purchasing an additional 1,049 shares during the last quarter. Bartlett & Co. LLC acquired a new stake in Systemax in the 3rd quarter worth approximately $26,000. Assetmark Inc. acquired a new stake in Systemax in the 2nd quarter worth approximately $36,000. Aperio Group LLC acquired a new stake in Systemax in the 2nd quarter worth approximately $42,000. Finally, JPMorgan Chase & Co. lifted its holdings in Systemax by 203.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 13,009 shares of the company’s stock worth $283,000 after purchasing an additional 8,722 shares during the last quarter. Institutional investors and hedge funds own 29.08% of the company’s stock.

NYSE SYX traded up $0.07 during trading on Wednesday, reaching $22.99. 81,800 shares of the company’s stock were exchanged, compared to its average volume of 62,018. Systemax has a fifty-two week low of $18.49 and a fifty-two week high of $32.95. The firm has a market capitalization of $869.22 million, a PE ratio of 18.54 and a beta of 0.11. The company has a current ratio of 1.77, a quick ratio of 1.17 and a debt-to-equity ratio of 0.36. The company’s fifty day simple moving average is $22.79 and its 200-day simple moving average is $21.46.

Systemax (NYSE:SYX) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.01). Systemax had a return on equity of 33.72% and a net margin of 5.32%. The business had revenue of $243.90 million for the quarter, compared to analyst estimates of $252.00 million. Equities analysts forecast that Systemax will post 1.23 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Monday, November 11th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.48 annualized dividend and a dividend yield of 2.09%. Systemax’s dividend payout ratio is 38.71%.

About Systemax

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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