Shares of PCM Inc (NASDAQ:PCMI) have earned an average recommendation of “Hold” from the seven research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $18.73.
A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of PCM from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 10th. TheStreet cut shares of PCM from a “b-” rating to a “c” rating in a research report on Monday, November 6th. B. Riley reaffirmed a “buy” rating and set a $20.00 price target (down from $33.00) on shares of PCM in a research report on Tuesday, November 7th. ValuEngine cut shares of PCM from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Roth Capital decreased their price target on shares of PCM from $28.00 to $18.50 and set a “buy” rating for the company in a research report on Tuesday, November 7th.
A number of hedge funds have recently modified their holdings of PCMI. Rhumbline Advisers acquired a new position in PCM in the 3rd quarter worth $142,000. The Manufacturers Life Insurance Company lifted its holdings in PCM by 16,357.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,558 shares of the specialty retailer’s stock worth $160,000 after buying an additional 8,506 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in PCM in the 3rd quarter worth $199,000. Kestrel Investment Management Corp acquired a new position in PCM in the 3rd quarter worth $210,000. Finally, Wells Fargo & Company MN lifted its holdings in PCM by 2,587.7% in the 3rd quarter. Wells Fargo & Company MN now owns 16,126 shares of the specialty retailer’s stock worth $226,000 after buying an additional 15,526 shares in the last quarter. Hedge funds and other institutional investors own 53.86% of the company’s stock.
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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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