Thomas A. Maloof Sells 2,500 Shares of PCM Inc. (PCMI) Stock
PCM Inc. (NASDAQ:PCMI) Director Thomas A. Maloof sold 2,500 shares of PCM stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $22.00, for a total transaction of $55,000.00. Following the sale, the director now owns 60,500 shares in the company, valued at approximately $1,331,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of PCM Inc. (NASDAQ:PCMI) opened at 21.97 on Friday. The stock has a 50 day moving average of $19.02 and a 200 day moving average of $13.04. The firm’s market cap is $256.43 million. PCM Inc. has a 52 week low of $7.48 and a 52 week high of $22.17.
PCM (NASDAQ:PCMI) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.66 earnings per share 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 business had revenue of $581 million for the quarter, compared to analysts’ expectations of $478.87 million. Analysts anticipate that PCM Inc. will post $1.57 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the stock. Royal Bank of Canada boosted 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 worth $414,000 after buying an additional 8,256 shares during the period. Stifel Financial Corp acquired a new stake in PCM during the second quarter worth $3,788,000. Mork Capital Management LLC acquired a new stake in PCM during the second quarter worth $557,000. Weber Alan W boosted its stake 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. Finally, Royce & Associates LP boosted its stake in 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 period. Institutional investors and hedge funds own 34.72% of the company’s stock.
PCMI has been the topic of a number of recent research reports. B. Riley reiterated a “buy” rating and set a $14.00 price target on shares of PCM in a research note on Monday, July 25th. Roth Capital began coverage on shares of PCM in a research note on Thursday, July 21st. They issued a “buy” rating and a $16.00 target price on the stock. Finally, Zacks Investment Research upgraded shares of PCM from a “hold” rating to a “strong-buy” rating and set a $18.00 target price on the stock in a research note on Saturday, July 30th.
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.
Receive News & Stock Ratings for PCM Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PCM Inc. and related stocks with our FREE daily email newsletter.