PCM (NASDAQ:PCMI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued 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. “
A number of other analysts have also issued reports on PCMI. ValuEngine lowered PCM from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. B. Riley reaffirmed a “buy” rating and issued a $20.00 target price (down previously from $33.00) on shares of PCM in a report on Tuesday, November 7th. TheStreet lowered PCM from a “b-” rating to a “c” rating in a report on Monday, November 6th. Finally, Roth Capital lowered their target price on PCM from $28.00 to $18.50 and set a “buy” rating on the stock in a report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. PCM presently has an average rating of “Hold” and a consensus price target of $18.73.
PCM (NASDAQ:PCMI) opened at $7.80 on Wednesday. The firm has a market capitalization of $93.65, a P/E ratio of 9.87, a P/E/G ratio of 0.15 and a beta of 0.61. The company has a quick ratio of 0.85, a current ratio of 1.00 and a debt-to-equity ratio of 0.26. PCM has a one year low of $7.51 and a one year high of $31.20.
Institutional investors and hedge funds have recently added to or reduced their stakes in 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 last quarter. Rhumbline Advisers acquired a new stake in PCM in the 3rd quarter valued at approximately $142,000. Dynamic Technology Lab Private Ltd acquired a new stake in PCM in the 3rd quarter valued at approximately $199,000. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of PCM during the 2nd quarter worth approximately $277,000. Finally, Kestrel Investment Management Corp acquired a new stake in shares of PCM during the 3rd quarter worth approximately $210,000. 53.86% of the stock is currently owned by hedge funds and other institutional investors.
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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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