PCM Inc. (PCMI) Director Sells $57,500.00 in Stock
PCM Inc. (NASDAQ:PCMI) Director Thomas A. Maloof sold 2,500 shares of PCM stock in a transaction dated Tuesday, October 11th. The stock was sold at an average price of $23.00, for a total value of $57,500.00. Following the completion of the sale, the director now owns 58,000 shares of the company’s stock, valued at $1,334,000. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of PCM Inc. (NASDAQ:PCMI) traded up 5.60% on Monday, reaching $22.83. The company’s stock had a trading volume of 237,147 shares. PCM Inc. has a 12-month low of $7.48 and a 12-month high of $23.28. The firm has a 50 day moving average price of $19.65 and a 200-day moving average price of $13.60. The stock’s market cap is $266.47 million.
PCM (NASDAQ:PCMI) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.29. The firm earned $581 million during the quarter, compared to analysts’ expectations of $478.87 million. PCM had a positive return on equity of 10.27% and a negative net margin of 0.38%. Equities research analysts expect that PCM Inc. will post $1.57 EPS for the current year.
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PCMI has been the topic of several research reports. B. Riley reissued a “buy” rating and issued a $22.00 target price on shares of PCM in a research report on Tuesday, September 27th. Roth Capital cut PCM from a “buy” rating to a “neutral” rating in a research report on Thursday, August 25th. Finally, Zacks Investment Research raised PCM from a “hold” rating to a “strong-buy” rating and set a $18.00 target price on the stock in a research report on Saturday, July 30th.
Large investors have recently modified their holdings of the company. Weber Alan W boosted its stake in shares of 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 period. 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 period. Mork Capital Management LLC bought a new stake in shares of PCM during the second quarter worth $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 period. Hedge funds and other institutional investors 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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