State Street Corp increased its stake in shares of Systemax Inc. (NYSE:SYX) by 22.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 205,907 shares of the company’s stock after purchasing an additional 38,352 shares during the period. State Street Corp owned approximately 0.56% of Systemax worth $3,872,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SYX. Wells Fargo & Company MN grew its position in Systemax by 0.7% during the 2nd quarter. Wells Fargo & Company MN now owns 6,846 shares of the company’s stock worth $129,000 after purchasing an additional 45 shares during the last quarter. Rhumbline Advisers raised its position in Systemax by 0.6% during the second quarter. Rhumbline Advisers now owns 15,372 shares of the company’s stock worth $289,000 after acquiring an additional 88 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in Systemax by 0.9% during the second quarter. TIAA CREF Investment Management LLC now owns 55,467 shares of the company’s stock worth $1,043,000 after acquiring an additional 513 shares during the last quarter. Alliancebernstein L.P. raised its position in Systemax by 12.1% during the second quarter. Alliancebernstein L.P. now owns 14,807 shares of the company’s stock worth $278,000 after acquiring an additional 1,600 shares during the last quarter. Finally, New York State Common Retirement Fund raised its position 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 during the last quarter. Institutional investors own 26.84% of the company’s stock.

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

Systemax Inc. (SYX) traded down $0.29 during midday trading on Friday, hitting $28.43. 34,336 shares of the stock were exchanged, compared to its average volume of 95,019. Systemax Inc. has a twelve month low of $7.05 and a twelve month high of $32.33. The firm has a market capitalization of $1,064.32, a PE ratio of 27.61 and a beta of 0.16.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, November 13th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.41%. Systemax’s dividend payout ratio (DPR) is 400.04%.

In other Systemax news, CEO Lawrence P. Reinhold sold 47,880 shares of the stock in a transaction on Friday, September 15th. The shares were sold at an average price of $25.07, for a total transaction of $1,200,351.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 69.50% of the stock is currently owned by corporate insiders.

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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.

Institutional Ownership by Quarter for Systemax (NYSE:SYX)

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