56,348 Shares in Ingram Micro Holding Corp. (NYSE:INGM) Acquired by Barclays PLC

Barclays PLC 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 56,348 shares of the company's stock, valued at approximately $1,092,000.

A number of other large investors have also recently made changes to their positions in the business. Wells Fargo & Company MN bought a new stake in shares of Ingram Micro in the 4th quarter worth $45,000. Russell Investments Group Ltd. bought a new stake in Ingram Micro in the 4th quarter worth about $120,000. Rhumbline Advisers purchased a new stake in Ingram Micro in the 4th quarter valued at about $171,000. Bank of New York Mellon Corp bought a new position in shares of Ingram Micro during the 4th quarter worth approximately $207,000. Finally, New York State Common Retirement Fund purchased a new position in shares of Ingram Micro in the 4th quarter worth approximately $304,000.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. The Goldman Sachs Group cut their price objective on Ingram Micro from $29.00 to $25.00 and set a "buy" rating on the stock in a research report on Friday. Evercore ISI decreased their price objective on shares of Ingram Micro from $27.00 to $26.00 and set an "in-line" rating for the company in a report on Wednesday, March 5th. JPMorgan Chase & Co. raised their price target on shares of Ingram Micro from $20.00 to $21.00 and gave the stock a "neutral" rating in a research note on Friday. Raymond James dropped their price objective on Ingram Micro from $28.00 to $26.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 5th. Finally, Morgan Stanley boosted their target price on Ingram Micro from $18.00 to $23.00 and gave the company an "overweight" rating in a research note on Friday. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $25.79.

Ingram Micro Price Performance

INGM stock traded down $0.47 during midday trading on Friday, reaching $19.21. The company had a trading volume of 533,933 shares, compared to its average volume of 426,753. The company's 50-day moving average is $17.78. Ingram Micro Holding Corp. has a 1 year low of $14.25 and a 1 year high of $25.69. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.40 and a quick ratio of 0.96.

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

Ingram Micro announced that its Board of Directors has authorized a share buyback program 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 stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.

Ingram Micro Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 20th will be paid a $0.076 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.30 annualized dividend and a yield of 1.58%. This is a positive change from Ingram Micro's previous quarterly dividend of $0.07.

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.