A number of other research firms have also recently commented on PCMI. Zacks Investment Research cut PCM from a hold rating to a strong sell rating in a research report on Saturday, November 11th. ValuEngine cut PCM from a buy rating to a hold rating in a research report on Sunday, December 31st. Finally, B. Riley set a $20.00 price objective on PCM and gave the stock a buy rating in a research report on Thursday, January 4th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $12.00.
Shares of PCM (NASDAQ PCMI) opened at $10.70 on Thursday. The company has a market capitalization of $126.05, a PE ratio of 9.30, a P/E/G ratio of 0.19 and a beta of 0.80. PCM has a 52-week low of $6.90 and a 52-week high of $31.20. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.00.
Institutional investors and hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew 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 valued at $160,000 after buying an additional 8,506 shares during the period. Rhumbline Advisers purchased a new stake in PCM in the 3rd quarter valued at about $142,000. Dynamic Technology Lab Private Ltd purchased a new stake in PCM in the 3rd quarter valued at about $199,000. Kestrel Investment Management Corp purchased a new stake in PCM in the 3rd quarter valued at about $210,000. Finally, Wells Fargo & Company MN grew 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 valued at $226,000 after buying an additional 15,526 shares during the period. Institutional investors own 53.25% 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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