Climb Global Solutions (NASDAQ:CLMB) Price Target Raised to $136.00 at Barrington Research

Climb Global Solutions (NASDAQ:CLMB) had its price objective increased by Barrington Research from $90.00 to $136.00 in a report released on Tuesday morning,Benzinga reports. They currently have an outperform rating on the stock. Barrington Research also issued estimates for Climb Global Solutions’ Q4 2024 earnings at $1.12 EPS, FY2024 earnings at $4.14 EPS and FY2025 earnings at $4.55 EPS.

Climb Global Solutions Price Performance

NASDAQ:CLMB opened at $120.80 on Tuesday. The firm has a market capitalization of $556.53 million, a P/E ratio of 32.74, a PEG ratio of 1.84 and a beta of 1.06. The company’s fifty day moving average price is $103.38 and its 200-day moving average price is $79.49. Climb Global Solutions has a 1-year low of $45.79 and a 1-year high of $124.50.

Climb Global Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 11th were paid a dividend of $0.17 per share. The ex-dividend date was Friday, November 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.56%. Climb Global Solutions’s payout ratio is currently 18.43%.

Institutional Trading of Climb Global Solutions

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Climb Global Solutions by 3.4% in the first quarter. Vanguard Group Inc. now owns 223,907 shares of the company’s stock valued at $15,871,000 after acquiring an additional 7,447 shares during the period. Choreo LLC acquired a new position in shares of Climb Global Solutions in the 2nd quarter valued at $4,491,000. Pinnacle Associates Ltd. lifted its stake in shares of Climb Global Solutions by 66.8% in the 3rd quarter. Pinnacle Associates Ltd. now owns 18,221 shares of the company’s stock valued at $1,814,000 after purchasing an additional 7,298 shares during the period. New York State Teachers Retirement System purchased a new stake in Climb Global Solutions during the third quarter worth $38,000. Finally, SG Americas Securities LLC acquired a new stake in Climb Global Solutions during the third quarter valued at $159,000. Hedge funds and other institutional investors own 49.72% of the company’s stock.

About Climb Global Solutions

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.