PCM Inc. (NASDAQ:PCMI) Director Thomas A. Maloof sold 5,000 shares of the stock in a transaction on Wednesday, September 28th. The stock was sold at an average price of $20.50, for a total transaction of $102,500.00. Following the sale, the director now owns 65,500 shares of the company’s stock, valued at approximately $1,342,750. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
PCM Inc. (NASDAQ:PCMI) opened at 20.84 on Friday. The stock’s market cap is $243.24 million. The firm’s 50-day moving average is $18.51 and its 200-day moving average is $12.55. PCM Inc. has a 12 month low of $7.48 and a 12 month high of $21.13.
PCM (NASDAQ:PCMI) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.29. The business earned $581 million during the quarter, compared to analyst estimates of $478.87 million. PCM had a negative net margin of 0.38% and a positive return on equity of 10.27%. On average, equities analysts forecast that PCM Inc. will post $1.57 earnings per share for the current fiscal year.
A number of analysts recently weighed in on PCMI shares. Roth Capital cut shares of PCM from a “buy” rating to a “neutral” rating in a research note on Thursday, August 25th. Zacks Investment Research upgraded 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 note on Saturday, July 30th. Finally, B. Riley reiterated a “buy” rating and set a $22.00 price target on shares of PCM in a research note on Tuesday.
Several hedge funds have recently modified their holdings of the company. Royal Bank of Canada raised 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 worth $414,000 after buying an additional 8,256 shares during the period. Stifel Financial Corp acquired a new position in PCM during the second quarter worth approximately $3,788,000. Mork Capital Management LLC acquired a new position in PCM during the second quarter worth approximately $557,000. Weber Alan W increased its position in PCM by 2.8% in the second quarter. Weber Alan W now owns 25,700 shares of the company’s stock worth $286,000 after buying an additional 700 shares in the last quarter. Finally, Royce & Associates LP increased its position in PCM by 4.0% in the second quarter. Royce & Associates LP now owns 1,065,356 shares of the company’s stock worth $11,868,000 after buying an additional 40,668 shares in the last quarter. Institutional investors and hedge funds own 34.72% of the company’s stock.
PCM Company Profile
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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