Shares of PCM Inc. (NASDAQ:PCMI) have received a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company. PCM’s rating score has declined by 100% in the last three months as a result of a number of analysts’ ratings changes.
Brokers have set a twelve-month consensus target price of $21.25 for the company and are expecting that the company will post $0.31 EPS for the current quarter, according to Zacks. Zacks has also given PCM an industry rank of 114 out of 265 based on the ratings given to its competitors.
A number of research firms have recently commented on PCMI. B. Riley restated a “buy” rating and issued a $22.00 price objective on shares of PCM in a research report on Tuesday, September 27th. Roth Capital lowered shares of PCM from a “buy” rating to a “neutral” rating in a research report on Thursday, August 25th. Finally, Zacks Investment Research upgraded shares of PCM from a “hold” rating to a “strong-buy” rating and set a $18.00 price objective for the company in a research report on Saturday, July 30th.
Shares of PCM (NASDAQ:PCMI) opened at 21.62 on Tuesday. PCM has a one year low of $7.48 and a one year high of $23.28. The company’s 50 day moving average is $19.65 and its 200 day moving average is $13.60. The company’s market cap is $252.35 million.
PCM (NASDAQ:PCMI) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.29. PCM had a negative net margin of 0.38% and a positive return on equity of 10.27%. The company earned $581 million during the quarter, compared to analyst estimates of $478.87 million. On average, equities analysts predict that PCM will post $1.57 earnings per share for the current year.
In other PCM news, CFO Brandon H. Laverne sold 30,000 shares of PCM stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $16.99, for a total transaction of $509,700.00. Following the completion of the sale, the chief financial officer now directly owns 12,879 shares in the company, valued at $218,814.21. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ronald B. Reck sold 19,466 shares of PCM stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $16.13, for a total transaction of $313,986.58. Following the sale, the director now owns 40,966 shares of the company’s stock, valued at $660,781.58. The disclosure for this sale can be found here. Company insiders own 30.50% of the company’s stock.
A number of large investors have recently made changes to their positions in PCMI. Stifel Financial Corp bought a new stake in shares of PCM during the second quarter valued at about $3,788,000. Algert Global LLC acquired a new stake in shares of PCM during the third quarter worth $2,049,000. Mork Capital Management LLC acquired a new stake in shares of PCM during the second quarter worth $557,000. Royce & Associates LP raised 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 worth $11,868,000 after buying an additional 40,668 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of PCM by 29.8% in the first quarter. Renaissance Technologies LLC now owns 128,200 shares of the company’s stock worth $1,028,000 after buying an additional 29,400 shares during the last quarter. Institutional investors and hedge funds own 34.72% of the company’s stock.
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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