What Will Happen to Systemax Inc. (SYX) Next? The Stock Just Reaches 52-Week High

June 13, 2018 - By Dolores Ford

Systemax Inc. (NYSE:SYX) Logo

Investors sentiment decreased to 1.31 in Q1 2018. Its down 0.05, from 1.36 in 2017Q4. It turned negative, as 10 investors sold Systemax Inc. shares while 29 reduced holdings. 14 funds opened positions while 37 raised stakes. 10.22 million shares or 0.11% more from 10.21 million shares in 2017Q4 were reported.
Invesco Ltd, a Georgia-based fund reported 307,161 shares. Icon Advisers Company has 23,400 shares for 0.05% of their portfolio. California State Teachers Retirement Sys accumulated 17,495 shares. Connecticut-based Trexquant L P has invested 0.02% in Systemax Inc. (NYSE:SYX). Swiss Bancorp invested in 25,800 shares or 0% of the stock. Eam Lc stated it has 23,869 shares or 0.11% of all its holdings. Schwab Charles Investment Mgmt invested in 59,310 shares. 11,855 were reported by Weber Alan W. 22,746 were reported by Bowling Portfolio Mgmt. Barclays Pcl holds 6,432 shares. Goldman Sachs Group Inc has 0% invested in Systemax Inc. (NYSE:SYX) for 27,030 shares. Jpmorgan Chase holds 3,022 shares or 0% of its portfolio. 7,931 are owned by First Trust Advsrs Lp. Shell Asset Management Comm accumulated 16,666 shares. King Luther Corporation holds 0.19% or 790,509 shares.

The stock of Systemax Inc. (NYSE:SYX) hit a new 52-week high and has $38.28 target or 4.00 % above today’s $36.81 share price. The 5 months bullish chart indicates low risk for the $1.37B company. The 1-year high was reported on Jun, 13 by Barchart.com. If the $38.28 price target is reached, the company will be worth $54.72M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.74% or $0.27 during the last trading session, reaching $36.81. About 71,571 shares traded. Systemax Inc. (NYSE:SYX) has risen 115.13% since June 13, 2017 and is uptrending. It has outperformed by 102.56% the S&P500.

Systemax Inc. operates as a direct marketer of brand name and private label products. The company has market cap of $1.37 billion. The Company’s Industrial Products Group segment sells a range of maintenance, repair, and operation products, including electrical and bulbs; fasteners and hardware; foodservice and appliances; furniture and office products; HVAC/R fans; janitorial and maintenance; material handling; medical and laboratory equipment; metalworking and cutting tools; motors and power transmission products; office and school supplies; outdoor and grounds maintenance products; packaging and supplies; plumbing supplies; pneumatics and hydraulics; raw materials and building supplies; safety and security products; storage and shelving products; tools and instruments; and vehicle maintenance, and workbench and shop desks in North America. It has a 19.03 P/E ratio. The companyÂ’s EMEA Technology Products Group segment sells information and communication technology products, such as computers and mobile devices; computer parts and memory products; servers, and storage and backup products; computer components and accessories; networking and security products; software products; and electronics, and commercial and home networking products.

Systemax Inc. (NYSE:SYX) Institutional Positions Chart

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