American Century Companies Inc. Has $761,000 Stock Holdings in Climb Global Solutions, Inc. $CLMB

Key Points

• American Century Companies Inc. increased its stake in Climb Global Solutions, Inc. by 68.8% during the first quarter, owning approximately 0.15% of the company worth $761,000.
• The company reported $1.39 earnings per share for the last quarter, significantly surpassing analysts' expectations of $0.90, alongside revenue of $159.28 million.
• A recent quarterly dividend of $0.17 was declared and is equivalent to an annualized yield of 0.5%, with a dividend payout ratio of 14.11%.

American Century Companies Inc. raised its holdings in Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) by 68.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,869 shares of the company's stock after buying an additional 2,799 shares during the quarter. American Century Companies Inc. owned 0.15% of Climb Global Solutions worth $761,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Tower Research Capital LLC TRC increased its position in Climb Global Solutions by 200.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 477 shares of the company's stock worth $60,000 after acquiring an additional 318 shares during the period. State of Wyoming bought a new position in shares of Climb Global Solutions during the 4th quarter worth about $64,000. MeadowBrook Investment Advisors LLC raised its position in shares of Climb Global Solutions by 61.1% during the first quarter. MeadowBrook Investment Advisors LLC now owns 1,530 shares of the company's stock valued at $169,000 after buying an additional 580 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new stake in shares of Climb Global Solutions in the first quarter valued at about $202,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in Climb Global Solutions during the fourth quarter worth about $209,000. 49.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Barrington Research reiterated an "outperform" rating and issued a $136.00 price objective on shares of Climb Global Solutions in a research report on Monday, August 11th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $136.00.

Climb Global Solutions Trading Up 1.4%

Shares of CLMB stock traded up $1.78 on Wednesday, reaching $127.00. The company had a trading volume of 32,875 shares, compared to its average volume of 43,122. Climb Global Solutions, Inc. has a 12 month low of $84.39 and a 12 month high of $144.99. The stock has a market cap of $586.74 million, a PE ratio of 26.35, a PEG ratio of 2.03 and a beta of 1.01. The company has a 50-day moving average of $114.57 and a 200-day moving average of $110.84.

Climb Global Solutions (NASDAQ:CLMB - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $1.39 EPS for the quarter, beating the consensus estimate of $0.90 by $0.49. The firm had revenue of $159.28 million for the quarter, compared to analysts' expectations of $113.25 million. Climb Global Solutions had a return on equity of 29.16% and a net margin of 3.82%. Sell-side analysts anticipate that Climb Global Solutions, Inc. will post 4.14 earnings per share for the current year.

Climb Global Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Monday, August 11th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, August 11th. Climb Global Solutions's payout ratio is 14.11%.

Climb Global Solutions Profile

Climb Global Solutions Inc operates as a value-added information technology (IT) distribution and solutions company in the United States, Canada, Europe, the United Kingdom, and internationally. It operates in two segments, Distribution and Solutions. The company distributes technical software to corporate and value-added resellers, consultants, and systems integrators under the name Climb Channel Solutions; and provides cloud solutions and resells software, hardware, and services under the name Grey Matter.