ValuEngine downgraded shares of PCM, Inc. (NASDAQ:PCMI) from a strong-buy rating to a buy rating in a research note issued to investors on Friday morning.

A number of other research analysts also recently issued reports on the stock. B. Riley restated a buy rating and issued a $33.00 price target on shares of PCM in a research report on Tuesday, July 25th. BidaskClub upgraded shares of PCM from a hold rating to a buy rating in a research report on Saturday, July 15th. Zacks Investment Research downgraded shares of PCM from a strong-buy rating to a hold rating in a research report on Thursday, June 29th. Finally, Roth Capital set a $34.00 price target on shares of PCM and gave the stock a buy rating in a research report on Friday, April 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. PCM presently has a consensus rating of Buy and an average price target of $28.18.

Shares of PCM (NASDAQ PCMI) opened at 12.375 on Friday. The stock has a 50 day moving average of $18.66 and a 200-day moving average of $23.02. The stock has a market capitalization of $155.85 million, a PE ratio of 9.908 and a beta of 0.95. PCM has a one year low of $12.35 and a one year high of $31.20.

PCM (NASDAQ:PCMI) last posted its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by $0.02. PCM had a return on equity of 17.70% and a net margin of 0.73%. The business had revenue of $560.11 million during the quarter, compared to the consensus estimate of $595.74 million. During the same quarter in the previous year, the business posted $0.68 earnings per share. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. Equities analysts predict that PCM will post $2.00 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. Spark Investment Management LLC purchased a new stake in shares of PCM during the second quarter valued at $2,253,000. Municipal Employees Retirement System of Michigan purchased a new stake in shares of PCM during the second quarter valued at $1,544,000. Strs Ohio purchased a new stake in shares of PCM during the second quarter valued at $648,000. Russell Investments Group Ltd. increased its stake in shares of PCM by 21.6% in the second quarter. Russell Investments Group Ltd. now owns 50,205 shares of the specialty retailer’s stock valued at $941,000 after buying an additional 8,918 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of PCM by 67.5% in the second quarter. Bank of Montreal Can now owns 11,076 shares of the specialty retailer’s stock valued at $208,000 after buying an additional 4,464 shares in the last quarter. Institutional investors own 58.42% of the company’s stock.

PCM Company Profile

PCM, Inc is a multi-vendor provider of technology solutions, including hardware products, software and services, offered through its dedicated sales force, field and internal service teams, direct marketing channels, and owned and operated data centers. The Company’s segments include Commercial, Public Sector and Canada.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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