Sei Investments Co. Acquires Shares of 256,837 Ingram Micro Holding Corp. (NYSE:INGM)

Sei Investments Co. purchased a new stake in shares of Ingram Micro Holding Corp. (NYSE:INGM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 256,837 shares of the company's stock, valued at approximately $4,980,000. Sei Investments Co. owned about 0.11% of Ingram Micro as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in INGM. American Century Companies Inc. bought a new stake in shares of Ingram Micro in the fourth quarter worth $36,268,000. Burkehill Global Management LP bought a new stake in shares of Ingram Micro during the 4th quarter valued at about $5,526,000. Victory Capital Management Inc. purchased a new stake in shares of Ingram Micro during the 4th quarter valued at about $53,532,000. Keybank National Association OH bought a new position in shares of Ingram Micro in the 4th quarter worth approximately $319,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Ingram Micro in the fourth quarter worth approximately $207,000.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on INGM. Raymond James reduced their target price on shares of Ingram Micro from $28.00 to $26.00 and set an "outperform" rating for the company in a report on Wednesday, March 5th. Evercore ISI decreased their target price on Ingram Micro from $27.00 to $26.00 and set an "in-line" rating on the stock in a report on Wednesday, March 5th. Royal Bank of Canada boosted their price target on Ingram Micro from $26.00 to $28.00 and gave the company an "outperform" rating in a report on Friday, February 21st. Jefferies Financial Group decreased their price objective on Ingram Micro from $28.00 to $24.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. Finally, JPMorgan Chase & Co. cut their price objective on Ingram Micro from $27.00 to $26.00 and set a "neutral" rating for the company in a research note on Wednesday, March 5th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Ingram Micro currently has a consensus rating of "Moderate Buy" and a consensus target price of $26.64.

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Ingram Micro Stock Performance

INGM traded down $1.22 during trading on Friday, hitting $15.69. 1,025,731 shares of the company traded hands, compared to its average volume of 431,814. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.96 and a current ratio of 1.40. The stock has a 50-day moving average price of $21.08. Ingram Micro Holding Corp. has a 1 year low of $15.20 and a 1 year high of $25.69.

Ingram Micro (NYSE:INGM - Get Free Report) last issued its quarterly earnings data on Tuesday, March 4th. The company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.91 by $0.01. The firm had revenue of $13.34 billion for the quarter, compared to analysts' expectations of $13.21 billion. As a group, sell-side analysts forecast that Ingram Micro Holding Corp. will post 2.71 earnings per share for the current fiscal year.

Ingram Micro declared that its board has authorized a share repurchase plan on Tuesday, March 4th that allows the company to repurchase $75.00 million in shares. This repurchase authorization allows the company to purchase up to 1.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its stock is undervalued.

Ingram Micro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were issued a dividend of $0.074 per share. The ex-dividend date was Tuesday, March 11th. This represents a $0.30 annualized dividend and a dividend yield of 1.89%.

About Ingram Micro

Ingram Micro is a leading solutions provider by revenue for the global information technology (“IT”) ecosystem helping power the world's leading technology brands. With our vast infrastructure and focus on client and endpoint solutions (formerly referred to as commercial & consumer, as described elsewhere in this prospectus), advanced solutions offerings and cloud-based solutions, we enable our business partners to scale and operate more efficiently in the markets they serve.