Shares of PCM Inc. (NASDAQ:PCMI) have received an average broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company. PCM’s rating score has declined by 100% in the last 90 days as a result of various analysts’ upgrades and downgrades.

Analysts have set a 1-year consensus target price of $18.75 for the company and are forecasting that the company will post $0.31 earnings per share for the current quarter, according to Zacks. Zacks has also given PCM an industry rank of 22 out of 265 based on the ratings given to related companies.

A number of equities analysts have commented on the stock. B. Riley restated a “buy” rating and set a $14.00 price objective on shares of PCM in a research report on Monday, July 25th. TheStreet upgraded shares of PCM from a “sell” rating to a “hold” rating in a research report on Friday, May 27th. Roth Capital assumed coverage on shares of PCM in a research report on Thursday, July 21st. They set a “buy” rating and a $16.00 price objective for the company. 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.

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PCM (NASDAQ:PCMI) traded down 0.1953% during trading on Wednesday, hitting $19.1625. 119,730 shares of the stock traded hands. The stock’s market cap is $223.66 million. The company’s 50 day moving average price is $17.91 and its 200-day moving average price is $11.99. PCM has a 52-week low of $7.48 and a 52-week high of $20.02.

PCM (NASDAQ:PCMI) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.66 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.29. The company earned $581 million during the quarter, compared to the consensus estimate of $478.87 million. PCM had a negative net margin of 0.38% and a positive return on equity of 10.27%. Equities research analysts forecast that PCM will post $1.57 earnings per share for the current fiscal year.

In other news, CFO Brandon H. Laverne sold 30,000 shares of the company’s stock in a transaction 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 transaction, 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 the SEC website. Also, Director Thomas A. Maloof sold 4,000 shares of the company’s stock in a transaction 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 directly owns 73,500 shares in the company, valued at $1,369,305. The disclosure for this sale can be found here. Insiders own 30.50% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Weber Alan W boosted 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 during the period. Royal Bank of Canada boosted 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 last quarter. Bank of New York Mellon Corp boosted its stake in shares of PCM by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 46,261 shares of the company’s stock worth $515,000 after buying an additional 373 shares during the last quarter. Mork Capital Management LLC acquired a new stake in shares of PCM during the second quarter worth approximately $557,000. Finally, Renaissance Technologies LLC boosted 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. 34.72% of the stock is currently 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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