PCM Inc (NASDAQ:PCMI) insider Simon M. Abuyounes sold 52,732 shares of the company’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $22.31, for a total transaction of $1,176,450.92. Following the transaction, the insider now owns 59,463 shares of the company’s stock, valued at $1,326,619.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of NASDAQ:PCMI opened at $21.50 on Friday. The firm has a market cap of $266.97 million, a PE ratio of 19.77, a P/E/G ratio of 0.55 and a beta of 0.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.01 and a quick ratio of 0.89. PCM Inc has a 52-week low of $6.90 and a 52-week high of $25.23.

PCM (NASDAQ:PCMI) last announced its quarterly earnings results on Wednesday, July 25th. The specialty retailer reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.26. The company had revenue of $546.43 million during the quarter, compared to the consensus estimate of $569.98 million. PCM had a net margin of 0.33% and a return on equity of 13.96%. sell-side analysts anticipate that PCM Inc will post 2.02 EPS for the current year.

Several research analysts have recently issued reports on PCMI shares. Zacks Investment Research upgraded shares of PCM from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Wednesday, May 9th. ValuEngine upgraded shares of PCM from a “strong sell” rating to a “sell” rating in a report on Monday, June 11th. B. Riley upped their price target on shares of PCM to $25.00 in a report on Thursday, July 26th. Finally, TheStreet upgraded shares of PCM from a “d+” rating to a “c” rating in a report on Thursday, July 26th. Three analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $21.33.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. GSA Capital Partners LLP increased its holdings in PCM by 49.9% in the first quarter. GSA Capital Partners LLP now owns 21,038 shares of the specialty retailer’s stock valued at $175,000 after purchasing an additional 7,000 shares during the period. Bank of America Corp DE increased its holdings in PCM by 919.3% in the second quarter. Bank of America Corp DE now owns 7,798 shares of the specialty retailer’s stock valued at $118,000 after purchasing an additional 7,033 shares during the period. Laurion Capital Management LP acquired a new stake in PCM in the second quarter valued at $187,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in PCM by 9.7% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 147,681 shares of the specialty retailer’s stock valued at $2,237,000 after purchasing an additional 13,000 shares during the period. Finally, California Public Employees Retirement System increased its holdings in PCM by 137.7% in the first quarter. California Public Employees Retirement System now owns 33,005 shares of the specialty retailer’s stock valued at $274,000 after purchasing an additional 19,122 shares during the period. Institutional investors and hedge funds own 52.39% of the company’s stock.

About PCM

PCM, Inc, through its subsidiaries, operates as a multi-vendor provider of technology products and solutions in the United States and the rest of Europe. The company operates through four segments: Commercial, Public Sector, Canada, and United Kingdom. It primarily sells device products, servers, storage products, network products, printers, and related accessories and devices.

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

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