I tried it on my iMac it works fine.
I've got a 2015 iMac (bought in 2016) el capitan, upgrade several times to latest Sierra. i'm on 10.12.5 (perhaps one update behind)
Never had any problem with updating or broken software. But I always follow Apple advice and run only a few well known softwares, and bsd things.
I tried PDF insert PDF with a large Periodic Table of Elements PDF (several thousand of placed text and lines). I tried it with an old PDF file (version 1.2 converted by GNU/Linux) with a new PTE, and also using EPS old and new. All worked.
However, while opening one older pdf i got a warning "font not installed - rendering may be lackluster" which reminds me: if your using PDF with (broken) fonts from some (foreign) system - expect problems with questionable fonts.
Perhaps you installed software that was not from the App Store. What software have you installed that may have altered your iMac? You might have to re-fresh your imac (after carefully insuring your files are backed up) if you've installed software that is "not approved". Or maybe it's a font problem.
-----------------------
It might be helpful to identify exactly what PDF your working with (what created it, it's general appearance). I'm unsure if you can post files on this board, unfortunately.
But it should work %100 and quick. Does on mine.