PCM Inc. (NASDAQ:PCMI) shares were up 4% on Tuesday . The company traded as high as $19.13 and last traded at $19.05, with a volume of 80,797 shares changing hands. The stock had previously closed at $18.32.

A number of research analysts have recently weighed in on PCMI shares. B. Riley restated a “buy” rating and issued a $17.00 target price on shares of PCM in a report on Saturday, July 30th. Roth Capital started coverage on PCM in a report on Thursday, July 21st. They issued a “buy” rating and a $16.00 target price on the stock. TheStreet upgraded PCM from a “sell” rating to a “hold” rating in a report on Friday, May 27th. Finally, Zacks Investment Research upgraded PCM from a “hold” rating to a “strong-buy” rating and set a $18.00 target price on the stock in a report on Saturday, July 30th.

The firm’s market cap is $224.22 million. The company has a 50 day moving average price of $17.87 and a 200 day moving average price of $11.91.

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PCM (NASDAQ:PCMI) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.66 earnings per share (EPS) 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. Equities research analysts anticipate that PCM Inc. will post $1.57 EPS for the current fiscal year.

In other PCM news, Director Thomas A. Maloof sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $18.63, for a total transaction of $74,520.00. Following the transaction, the director now owns 73,500 shares in the company, valued at approximately $1,369,305. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brandon H. Laverne sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $16.99, for a total value of $509,700.00. Following the transaction, the chief financial officer now owns 12,879 shares in the company, valued at approximately $218,814.21. The disclosure for this sale can be found here. Corporate insiders own 30.50% of the company’s stock.

Several hedge funds have recently bought and sold shares of PCMI. Bank of New York Mellon Corp increased 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 during the last quarter. Weber Alan W increased 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 during the last quarter. Royal Bank of Canada increased 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 during the last quarter. Royce & Associates LP increased its stake in PCM by 2.4% in the first quarter. Royce & Associates LP now owns 1,024,688 shares of the company’s stock valued at $8,218,000 after buying an additional 23,700 shares during the last quarter. Finally, Renaissance Technologies LLC increased 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 during the last quarter. Institutional investors 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.

5 Day Chart for NASDAQ:PCMI

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