Marshall Wace LLP Makes New $1.99 Million Investment in Ingram Micro Holding Corp. (NYSE:INGM)

Marshall Wace LLP acquired a new stake in Ingram Micro Holding Corp. (NYSE:INGM - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 102,389 shares of the company's stock, valued at approximately $1,985,000.

Other hedge funds have also recently made changes to their positions in the company. Wells Fargo & Company MN purchased a new stake in shares of Ingram Micro in the fourth quarter worth approximately $45,000. Cohen & Steers Inc. purchased a new stake in Ingram Micro in the 4th quarter valued at $48,000. Russell Investments Group Ltd. bought a new position in Ingram Micro during the 4th quarter valued at $120,000. Rhumbline Advisers purchased a new position in Ingram Micro during the 4th quarter worth $171,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Ingram Micro in the 4th quarter worth $207,000.

Analysts Set New Price Targets

INGM has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their price objective on shares of Ingram Micro from $26.00 to $28.00 and gave the stock an "outperform" rating in a research report on Friday, February 21st. Bank of America cut their price objective on Ingram Micro from $30.00 to $28.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. Loop Capital cut their price target on shares of Ingram Micro from $30.00 to $25.00 and set a "buy" rating on the stock in a report on Monday, March 10th. Raymond James lowered their price objective on shares of Ingram Micro from $28.00 to $26.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 5th. Finally, Evercore ISI reduced their target price on shares of Ingram Micro from $27.00 to $26.00 and set an "in-line" rating for the company in a research report on Wednesday, March 5th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Ingram Micro presently has a consensus rating of "Moderate Buy" and a consensus target price of $26.21.

Ingram Micro Stock Up 2.8 %

INGM stock traded up $0.51 during mid-day trading on Friday, reaching $18.48. 40,930 shares of the company traded hands, compared to its average volume of 428,626. Ingram Micro Holding Corp. has a 52-week low of $14.25 and a 52-week high of $25.69. The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.93. The company has a fifty day moving average price of $18.11.

Ingram Micro (NYSE:INGM - Get Free Report) last posted its earnings results on Tuesday, March 4th. The company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.91 by $0.01. The firm had revenue of $13.34 billion for the quarter, compared to the consensus estimate of $13.21 billion. On average, equities analysts predict that Ingram Micro Holding Corp. will post 2.71 EPS for the current fiscal year.

Ingram Micro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were paid a $0.074 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $0.30 dividend on an annualized basis and a yield of 1.60%.

Ingram Micro declared that its Board of Directors has initiated a stock repurchase program on Tuesday, March 4th that authorizes the company to repurchase $75.00 million in shares. This repurchase authorization authorizes the company to purchase up to 1.5% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued.

Ingram Micro Company Profile

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.