Barbara Duckett Sells 1,123 Shares of PC Connection, Inc. (CNXN) Stock

PC Connection, Inc. (NASDAQ:CNXN) Director Barbara Duckett sold 1,123 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $27.56, for a total transaction of $30,949.88. Following the sale, the director now directly owns 15,877 shares in the company, valued at approximately $437,570.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

PC Connection, Inc. (NASDAQ CNXN) traded down $0.03 during trading hours on Thursday, reaching $26.65. 86,172 shares of the company’s stock traded hands, compared to its average volume of 47,007. The stock has a market cap of $722.68, a P/E ratio of 14.73, a PEG ratio of 1.86 and a beta of 1.59. PC Connection, Inc. has a 12 month low of $23.52 and a 12 month high of $30.48.

PC Connection (NASDAQ:CNXN) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49. The business had revenue of $729.23 million for the quarter, compared to the consensus estimate of $727.84 million. PC Connection had a net margin of 1.63% and a return on equity of 10.84%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.53 EPS. analysts predict that PC Connection, Inc. will post 1.81 EPS for the current year.

CNXN has been the topic of several research analyst reports. ValuEngine raised shares of PC Connection from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. Zacks Investment Research downgraded shares of PC Connection from a “hold” rating to a “sell” rating in a research report on Friday, October 20th.

Hedge funds have recently added to or reduced their stakes in the company. Morgan Stanley purchased a new stake in shares of PC Connection in the 1st quarter valued at $1,870,000. Kennedy Capital Management Inc. purchased a new stake in shares of PC Connection in the 2nd quarter valued at $1,922,000. ClariVest Asset Management LLC boosted its holdings in shares of PC Connection by 3.4% in the 3rd quarter. ClariVest Asset Management LLC now owns 186,715 shares of the company’s stock valued at $5,265,000 after acquiring an additional 6,225 shares during the last quarter. IndexIQ Advisors LLC boosted its holdings in shares of PC Connection by 83.0% in the 3rd quarter. IndexIQ Advisors LLC now owns 29,093 shares of the company’s stock valued at $820,000 after acquiring an additional 13,192 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of PC Connection by 11.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 38,886 shares of the company’s stock valued at $1,052,000 after acquiring an additional 3,975 shares during the last quarter. 41.18% of the stock is currently owned by institutional investors and hedge funds.

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About PC Connection

PC Connection, Inc is a provider of a range of information technology (IT) solutions. The Company conducts its business operations through three business segments: small- to medium-sized businesses (SMB), Large Account and Public Sector. The Company enables customers to design, enable, manage and service their IT environments.

Insider Buying and Selling by Quarter for PC Connection (NASDAQ:CNXN)

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