Published On: Sat, Sep 24th, 2016

PCM Inc. (PCMI) Stock Rating Reaffirmed by B. Riley

PCM Inc. (NASDAQ:PCMI)‘s stock had its “buy” rating reissued by research analysts at B. Riley in a research note issued on Thursday. They presently have a $22.00 price objective on the stock. B. Riley’s price target suggests a potential upside of 10.61% from the stock’s current price.
PCMI has been the topic of several other reports. Zacks Investment Research upgraded PCM from a “hold” rating to a “strong-buy” rating and set a $18.00 price target on the stock in a research report on Saturday, July 30th. Roth Capital cut PCM from a “buy” rating to a “neutral” rating in a research report on Thursday, August 25th. Finally, TheStreet upgraded PCM from a “sell” rating to a “hold” rating in a research report on Friday, May 27th.
PCM (NASDAQ:PCMI) opened at 19.89 on Thursday. PCM has a 1-year low of $7.48 and a 1-year high of $20.02. The firm’s market capitalization is $232.16 million. The company has a 50-day moving average price of $18.19 and a 200 day moving average price of $12.18.

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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, beating the consensus estimate 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 analysts’ expectations of $478.87 million. Equities analysts anticipate that PCM will post $1.57 earnings per share for the current year.
In other news, CFO Brandon H. Laverne sold 30,000 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The stock was 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 of the company’s stock, valued at approximately $218,814.21. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas A. Maloof sold 2,500 shares of the firm’s stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $19.00, for a total value of $47,500.00. Following the sale, the director now directly owns 68,000 shares of the company’s stock, valued at $1,292,000. The disclosure for this sale can be found here. Insiders own 30.50% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Weber Alan W raised its stake in 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. Royal Bank of Canada raised its stake in 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. Bank of New York Mellon Corp raised its stake in PCM by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 46,261 shares of the company’s stock valued at $515,000 after buying an additional 373 shares in the last quarter. Mork Capital Management LLC bought a new stake in PCM during the second quarter valued at $557,000. Finally, Renaissance Technologies LLC raised its stake in PCM by 29.8% in the first quarter. Renaissance Technologies LLC now owns 128,200 shares of the company’s stock valued at $1,028,000 after buying an additional 29,400 shares in the last quarter. 34.72% of the stock is owned by institutional investors and hedge funds.
About PCM
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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