1,870,432 Shares in Ingram Micro Holding Corp. (NYSE:INGM) Bought by American Century Companies Inc.

American Century Companies Inc. bought a new stake in shares of Ingram Micro Holding Corp. (NYSE:INGM) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,870,432 shares of the company’s stock, valued at approximately $36,268,000.

A number of other institutional investors and hedge funds also recently modified their holdings of INGM. Rhumbline Advisers acquired a new position in shares of Ingram Micro in the 4th quarter valued at about $171,000. Bank of New York Mellon Corp bought a new position in Ingram Micro in the fourth quarter worth about $207,000. New York State Common Retirement Fund acquired a new position in Ingram Micro in the fourth quarter valued at approximately $304,000. Keybank National Association OH bought a new position in shares of Ingram Micro during the fourth quarter valued at approximately $319,000. Finally, Burkehill Global Management LP acquired a new stake in shares of Ingram Micro during the 4th quarter worth approximately $5,526,000.

Ingram Micro Stock Performance

INGM opened at $18.18 on Friday. Ingram Micro Holding Corp. has a 1-year low of $17.80 and a 1-year high of $25.69. The business has a 50 day moving average price of $21.69. 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) last announced its earnings results on Tuesday, March 4th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate 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. Sell-side analysts anticipate that Ingram Micro Holding Corp. will post 2.71 EPS for the current year.

Ingram Micro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were paid a $0.074 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $0.30 annualized dividend and a dividend yield of 1.63%.

Ingram Micro announced that its Board of Directors has authorized a share buyback program on Tuesday, March 4th that allows the company to buyback $75.00 million in shares. This buyback authorization allows the company to purchase up to 1.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

INGM has been the subject of a number of analyst reports. Royal Bank of Canada boosted their price objective on Ingram Micro from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, February 21st. Evercore ISI lowered their price target 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. Morgan Stanley dropped their price objective on shares of Ingram Micro from $27.00 to $26.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. The Goldman Sachs Group reduced their target price on shares of Ingram Micro from $33.00 to $29.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Ingram Micro from $27.00 to $26.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $26.64.

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.