Dimensional Fund Advisors LP lowered its stake in shares of PCM Inc (NASDAQ:PCMI) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,015,272 shares of the specialty retailer’s stock after selling 21,363 shares during the quarter. Dimensional Fund Advisors LP owned about 8.36% of PCM worth $17,879,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Acadian Asset Management LLC grew its position in PCM by 30.9% during the fourth quarter. Acadian Asset Management LLC now owns 155,737 shares of the specialty retailer’s stock worth $2,743,000 after buying an additional 36,805 shares in the last quarter. Royce & Associates LP lifted its stake in PCM by 16.1% during the fourth quarter. Royce & Associates LP now owns 547,908 shares of the specialty retailer’s stock worth $9,649,000 after purchasing an additional 76,155 shares during the last quarter. Morgan Stanley lifted its stake in PCM by 216.6% during the third quarter. Morgan Stanley now owns 227,305 shares of the specialty retailer’s stock worth $4,444,000 after purchasing an additional 155,518 shares during the last quarter. Trustcore Financial Services LLC bought a new stake in PCM during the fourth quarter worth $53,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in PCM by 5.9% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 200,906 shares of the specialty retailer’s stock worth $3,538,000 after purchasing an additional 11,200 shares during the last quarter. 56.15% of the stock is currently owned by institutional investors and hedge funds.
PCMI has been the subject of several recent analyst reports. ValuEngine cut PCM from a “hold” rating to a “sell” rating in a research note on Friday, December 21st. B. Riley restated a “buy” rating on shares of PCM in a research note on Tuesday, March 26th. Roth Capital upped their target price on PCM from $24.20 to $29.60 and gave the stock a “buy” rating in a research note on Thursday, February 7th. Zacks Investment Research cut PCM from a “buy” rating to a “hold” rating in a research note on Friday, January 25th. Finally, TheStreet upgraded PCM from a “c” rating to a “b-” rating in a research note on Wednesday, February 6th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $30.20.
Shares of PCMI opened at $33.55 on Tuesday. PCM Inc has a 52 week low of $8.95 and a 52 week high of $39.69. The firm has a market capitalization of $452.88 million, a PE ratio of 15.39, a PEG ratio of 0.80 and a beta of 1.25. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.04 and a quick ratio of 0.92.
PCM (NASDAQ:PCMI) last announced its quarterly earnings results on Wednesday, February 6th. The specialty retailer reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.09. PCM had a return on equity of 18.78% and a net margin of 1.05%. The company had revenue of $564.12 million during the quarter, compared to analysts’ expectations of $511.56 million. As a group, analysts expect that PCM Inc will post 2.4 EPS for the current year.
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PCM, Inc, through its subsidiaries, operates as a multi-vendor provider of technology products and solutions in the United States and the rest of Europe. The company operates through four segments: Commercial, Public Sector, Canada, and United Kingdom. It primarily sells device products, servers, storage products, network products, printers, and related accessories and devices.
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