PCM Inc. (NASDAQ:PCMI) Director Thomas A. Maloof sold 2,500 shares of the company’s stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $22.00, for a total transaction of $55,000.00. Following the sale, the director now directly owns 60,500 shares of the company’s stock, valued at approximately $1,331,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of PCM Inc. (NASDAQ:PCMI) opened at 22.39 on Monday. The stock’s market capitalization is $261.34 million. The company has a 50-day moving average of $19.15 and a 200 day moving average of $13.14. PCM Inc. has a 12-month low of $7.48 and a 12-month high of $22.49.
PCM (NASDAQ:PCMI) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.29. PCM had a positive return on equity of 10.27% and a negative net margin of 0.38%. The company had revenue of $581 million for the quarter, compared to the consensus estimate of $478.87 million. Analysts predict that PCM Inc. will post $1.57 earnings per share for the current year.
PCMI has been the subject of several research reports. Roth Capital initiated coverage on shares of PCM in a research report on Thursday, July 21st. They set a “buy” rating and a $16.00 price target for the company. B. Riley reaffirmed a “buy” rating and set a $14.00 price target on shares of PCM in a research report on Monday, July 25th. Finally, Zacks Investment Research raised shares of PCM from a “hold” rating to a “strong-buy” rating and set a $18.00 price target for the company in a research report on Saturday, July 30th.
A number of large investors have recently modified their holdings of the company. Royal Bank of Canada increased its stake in shares of PCM by 28.6% in the second quarter. Royal Bank of Canada now owns 37,158 shares of the company’s stock valued at $414,000 after buying an additional 8,256 shares in the last quarter. Stifel Financial Corp acquired a new stake in shares of PCM during the second quarter valued at $3,788,000. Mork Capital Management LLC acquired a new stake in shares of PCM during the second quarter valued at $557,000. Weber Alan W increased its stake in shares of PCM by 2.8% in the second quarter. Weber Alan W now owns 25,700 shares of the company’s stock valued at $286,000 after buying an additional 700 shares in the last quarter. Finally, Royce & Associates LP increased its stake in shares of PCM by 4.0% in the second quarter. Royce & Associates LP now owns 1,065,356 shares of the company’s stock valued at $11,868,000 after buying an additional 40,668 shares in the last quarter. 34.72% of the stock is owned by institutional investors and hedge funds.
PCM, Inc is engaged in providing technology products, services and solutions through direct marketing channels, and owned and operated data centers. The Company offers technology products, solutions and other consumer products. Its segments include Commercial, Public Sector, MacMall, Canada, and Corporate & Other.
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