PCM, Inc. (NASDAQ:PCMI) Director Paul C. Heeschen sold 10,000 shares of the stock in a transaction dated Friday, February 10th. The stock was sold at an average price of $26.63, for a total transaction of $266,300.00. Following the completion of the sale, the director now directly owns 10,225 shares in the company, valued at approximately $272,291.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
PCM, Inc. (NASDAQ:PCMI) opened at 26.95 on Friday. The firm’s 50-day moving average is $22.96 and its 200 day moving average is $20.41. The firm’s market cap is $319.33 million. PCM, Inc. has a 1-year low of $7.50 and a 1-year high of $27.20.
PCM (NASDAQ:PCMI) last issued its earnings results on Wednesday, February 8th. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.15. PCM had a net margin of 0.78% and a return on equity of 20.00%. The company had revenue of $586.60 million for the quarter, compared to the consensus estimate of $577.58 million. On average, equities analysts forecast that PCM, Inc. will post $1.73 earnings per share for the current fiscal year.
Large investors have recently modified their holdings of the stock. Systematic Financial Management LP purchased a new stake in shares of PCM during the fourth quarter valued at approximately $1,778,000. O Shaughnessy Asset Management LLC boosted its position in PCM by 161.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 7,914 shares of the company’s stock worth $178,000 after buying an additional 4,886 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in PCM by 6.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 995,326 shares of the company’s stock worth $22,395,000 after buying an additional 62,611 shares in the last quarter. Oxford Asset Management acquired a new position in PCM during the fourth quarter worth about $1,138,000. Finally, Russell Investments Group Ltd. acquired a new position in PCM during the fourth quarter worth about $940,000. Institutional investors own 44.70% of the company’s stock.
A number of analysts recently weighed in on PCMI shares. Zacks Investment Research cut shares of PCM from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 3rd. Roth Capital set a $21.00 price objective on shares of PCM and gave the stock a “hold” rating in a report on Friday, October 21st. Finally, B. Riley reaffirmed a “buy” rating and issued a $27.00 price objective on shares of PCM in a report on Friday, February 3rd.
PCM, Inc is engaged in providing technology products, services and solutions through direct marketing channels, and owned and operated data centers. The Company offers technology products, solutions and other consumer products. Its segments include Commercial, Public Sector, MacMall, Canada, and Corporate & Other.
This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/insider-selling-pcm-inc-pcmi-director-sells-266300-00-in-stock/1655548.html
Receive News & Ratings for PCM Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PCM Inc. and related companies with MarketBeat.com's FREE daily email newsletter.