2,760,805 Shares in Ingram Micro Holding Corp. (NYSE:INGM) Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. purchased a new position in Ingram Micro Holding Corp. (NYSE:INGM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,760,805 shares of the company’s stock, valued at approximately $53,532,000. Victory Capital Management Inc. owned 1.18% of Ingram Micro at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Rhumbline Advisers bought a new position in Ingram Micro in the fourth quarter worth approximately $171,000. Bank of New York Mellon Corp bought a new position in Ingram Micro in the fourth quarter worth approximately $207,000. New York State Common Retirement Fund bought a new position in Ingram Micro in the fourth quarter worth approximately $304,000. Keybank National Association OH bought a new position in Ingram Micro in the fourth quarter worth approximately $319,000. Finally, Allspring Global Investments Holdings LLC bought a new position in Ingram Micro in the fourth quarter worth approximately $17,432,000.

Wall Street Analysts Forecast Growth

INGM has been the topic of several recent research reports. Royal Bank of Canada increased their price target 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. Stifel Nicolaus assumed coverage on shares of Ingram Micro in a research report on Monday, November 18th. They set a “buy” rating and a $28.00 price objective on the stock. BNP Paribas assumed coverage on shares of Ingram Micro in a research report on Monday, November 18th. They set a “neutral” rating and a $25.00 price objective on the stock. William Blair assumed coverage on shares of Ingram Micro in a research report on Monday, November 18th. They set an “outperform” rating on the stock. Finally, The Goldman Sachs Group decreased their price objective on shares of Ingram Micro from $33.00 to $29.00 and set a “buy” rating on the stock in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $27.29.

Ingram Micro Stock Up 0.7 %

INGM opened at $19.59 on Friday. The company’s fifty day moving average is $21.96. Ingram Micro Holding Corp. has a fifty-two week low of $18.90 and a fifty-two week 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) last issued its quarterly earnings data on Tuesday, March 4th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.01. The business had revenue of $13.34 billion during the quarter, compared to analysts’ expectations of $13.21 billion. Sell-side analysts predict that Ingram Micro Holding Corp. will post 2.71 earnings per share for the current year.

Ingram Micro declared that its Board of Directors has approved a share repurchase program on Tuesday, March 4th that allows the company to repurchase $75.00 million in shares. This repurchase authorization allows the company to repurchase up to 1.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Ingram Micro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be paid a $0.074 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.51%.

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.