PCM Inc. (NASDAQ:PCMI) Director Thomas A. Maloof sold 2,500 shares of the 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 sale, the director now owns 58,000 shares of the company’s stock, valued at $1,334,000. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of PCM Inc. (NASDAQ:PCMI) opened at 22.41 on Wednesday. PCM Inc. has a 52 week low of $7.48 and a 52 week high of $23.45. The stock has a 50 day moving average price of $19.87 and a 200 day moving average price of $13.85. The firm’s market capitalization is $261.57 million.

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

Insider Buying and Selling by Quarter for PCM (NASDAQ:PCMI)

A number of brokerages have weighed in on PCMI. B. Riley reiterated a “buy” rating and set a $22.00 price target on shares of PCM in a report on Tuesday, September 27th. Zacks Investment Research upgraded PCM from a “hold” rating to a “strong-buy” rating and set a $18.00 price target for the company in a report on Saturday, July 30th. Finally, Roth Capital initiated coverage on PCM in a research note on Thursday, July 21st. They issued a “buy” rating and a $16.00 target price for the company.

Large investors have recently made changes to their positions in 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 acquired 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. Institutional investors and hedge funds own 34.72% of the company’s stock.

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.

5 Day Chart for NASDAQ:PCMI

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.