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.
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.
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