Bank of New York Mellon Corp boosted its stake in Systemax Inc. (NYSE:SYX) by 24.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 190,341 shares of the company’s stock after acquiring an additional 37,129 shares during the quarter. Bank of New York Mellon Corp owned 0.51% of Systemax worth $5,030,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Wells Fargo & Company MN lifted 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 buying an additional 45 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Systemax by 193.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,520 shares of the company’s stock worth $198,000 after buying an additional 6,934 shares in the last quarter. Alliancebernstein L.P. lifted its position in Systemax by 12.1% during the 2nd quarter. Alliancebernstein L.P. now owns 14,807 shares of the company’s stock worth $278,000 after buying an additional 1,600 shares in the last quarter. New York State Common Retirement Fund lifted its position in Systemax by 49.0% during the 2nd quarter. New York State Common Retirement Fund now owns 15,200 shares of the company’s stock worth $286,000 after buying an additional 4,999 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in Systemax by 0.6% during the 2nd quarter. Rhumbline Advisers now owns 15,372 shares of the company’s stock worth $289,000 after buying an additional 88 shares in the last quarter. 26.84% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Systemax Inc. (NYSE SYX) opened at $33.27 on Tuesday. Systemax Inc. has a 52-week low of $7.05 and a 52-week high of $34.64. The company has a market cap of $1,233.37, a PE ratio of 332.73 and a beta of 0.15.

The firm also recently declared a None dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, January 5th will be given a dividend of $1.50 per share. The ex-dividend date is Thursday, January 4th. This represents a yield of 1.18%. Systemax’s dividend payout ratio (DPR) is presently 400.04%.

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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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Institutional Ownership by Quarter for Systemax (NYSE:SYX)

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