PCM (PCMI) Upgraded to “Hold” at Zacks Investment Research
PCM (NASDAQ:PCMI) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Wednesday.
According to Zacks, “PCM Inc. is a technology solutions provider to businesses, government and educational institutions and individual consumers. The Company’s operating segments consists of Commercial, Public Sector and MacMall. It offers technology products and solutions as well as consumer electronics equipment and other consumer products. PCM Inc., formerly known as PC Mall, Inc., is headquartered in El Segundo, California. “
Several other research firms have also recently weighed in on PCMI. B. Riley set a $20.00 price target on PCM and gave the stock a “buy” rating in a research note on Thursday, January 4th. Roth Capital decreased their price target on PCM from $28.00 to $18.50 and set a “buy” rating for the company in a research note on Tuesday, November 7th. TheStreet cut PCM from a “b-” rating to a “c” rating in a research note on Monday, November 6th. Finally, ValuEngine cut PCM from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. PCM presently has a consensus rating of “Hold” and a consensus price target of $18.73.
PCM (NASDAQ PCMI) opened at $9.10 on Wednesday. PCM has a one year low of $9.05 and a one year high of $31.20. The company has a quick ratio of 0.85, a current ratio of 1.00 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $107.20, a price-to-earnings ratio of 11.67, a PEG ratio of 0.18 and a beta of 0.79.
PCM (NASDAQ:PCMI) last posted its quarterly earnings results on Monday, November 6th. The specialty retailer reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.23). PCM had a return on equity of 14.90% and a net margin of 0.47%. The business had revenue of $545.50 million during the quarter, compared to analysts’ expectations of $596.17 million. The business’s quarterly revenue was down 6.7% compared to the same quarter last year. research analysts expect that PCM will post 1.49 EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position in PCM by 5.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,051,553 shares of the specialty retailer’s stock valued at $19,717,000 after acquiring an additional 51,247 shares during the last quarter. Numeric Investors LLC increased its position in PCM by 8.8% during the second quarter. Numeric Investors LLC now owns 699,998 shares of the specialty retailer’s stock valued at $13,125,000 after acquiring an additional 56,553 shares during the last quarter. Vanguard Group Inc. increased its position in PCM by 17.8% during the second quarter. Vanguard Group Inc. now owns 329,136 shares of the specialty retailer’s stock valued at $6,172,000 after acquiring an additional 49,694 shares during the last quarter. LSV Asset Management increased its position in PCM by 19.8% during the second quarter. LSV Asset Management now owns 163,800 shares of the specialty retailer’s stock valued at $3,071,000 after acquiring an additional 27,100 shares during the last quarter. Finally, OxFORD Asset Management LLP increased its position in PCM by 20.2% during the second quarter. OxFORD Asset Management LLP now owns 156,804 shares of the specialty retailer’s stock valued at $2,940,000 after acquiring an additional 26,350 shares during the last quarter. Institutional investors own 56.18% of the company’s stock.
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, Canada and United Kingdom.
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