PC Connection, Inc. (NASDAQ:CNXN - Get Free Report) Chairman Patricia Gallup sold 7,192 shares of the company's stock in a transaction on Wednesday, October 21st. The shares were sold at an average price of $87.20, for a total value of $627,142.40. Following the sale, the chairman owned 6,899,191 shares of the company's stock, valued at approximately $601,609,455.20. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Patricia Gallup also recently made the following trade(s):
- On Tuesday, October 20th, Patricia Gallup sold 8,004 shares of PC Connection stock. The stock was sold at an average price of $86.57, for a total value of $692,906.28.
- On Tuesday, October 6th, Patricia Gallup sold 6,230 shares of PC Connection stock. The stock was sold at an average price of $92.08, for a total value of $573,658.40.
- On Monday, October 5th, Patricia Gallup sold 7,142 shares of PC Connection stock. The stock was sold at an average price of $92.56, for a total value of $661,063.52.
- On Monday, September 14th, Patricia Gallup sold 7,142 shares of PC Connection stock. The shares were sold at an average price of $85.42, for a total value of $610,069.64.
- On Tuesday, September 1st, Patricia Gallup sold 7,142 shares of PC Connection stock. The shares were sold at an average price of $78.96, for a total value of $563,932.32.
- On Monday, August 17th, Patricia Gallup sold 7,142 shares of PC Connection stock. The stock was sold at an average price of $78.64, for a total transaction of $561,646.88.
- On Tuesday, August 4th, Patricia Gallup sold 7,142 shares of PC Connection stock. The stock was sold at an average price of $86.34, for a total transaction of $616,640.28.
PC Connection Stock Up 0.9%
Shares of PC Connection stock opened at $88.51 on Friday. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 22.15, a PEG ratio of 2.10 and a beta of 0.81. PC Connection, Inc. has a 12-month low of $54.97 and a 12-month high of $96.90. The firm's 50-day moving average price is $85.85 and its two-hundred day moving average price is $76.55.
PC Connection (NASDAQ:CNXN - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.00 by $0.31. The company had revenue of $854.00 million during the quarter, compared to analysts' expectations of $764.79 million. PC Connection had a net margin of 3.21% and a return on equity of 10.90%. On average, sell-side analysts expect that PC Connection, Inc. will post 4.18 earnings per share for the current year.
PC Connection Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Tuesday, August 11th were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, August 11th. This represents a $0.80 annualized dividend and a dividend yield of 0.9%. PC Connection's dividend payout ratio (DPR) is currently 21.16%.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the stock. Weiss Ratings raised shares of PC Connection from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, October 8th. Zacks Research cut PC Connection from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 28th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, PC Connection currently has a consensus rating of "Moderate Buy".
Read Our Latest Research Report on CNXN
Institutional Trading of PC Connection
A number of hedge funds and other institutional investors have recently modified their holdings of CNXN. USA Financial Formulas acquired a new position in shares of PC Connection during the third quarter worth $27,000. Parallel Advisors LLC lifted its stake in shares of PC Connection by 200.4% in the 1st quarter. Parallel Advisors LLC now owns 709 shares of the company's stock valued at $41,000 after acquiring an additional 473 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of PC Connection during the 1st quarter valued at $44,000. Nisa Investment Advisors LLC boosted its holdings in shares of PC Connection by 53.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,683 shares of the company's stock valued at $242,000 after acquiring an additional 929 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of PC Connection by 2.0% during the 1st quarter. Principal Financial Group Inc. now owns 55,201 shares of the company's stock valued at $3,227,000 after acquiring an additional 1,071 shares in the last quarter. Institutional investors own 42.85% of the company's stock.
PC Connection Company Profile
(
Get Free Report)
PC Connection, Inc is an information technology solutions provider that supplies technology products, services and expertise to businesses, government agencies, educational institutions and other organizations. The company helps customers plan, acquire, deploy and manage IT environments across workplace, data center, networking, security and cloud infrastructure.
Its offerings include computers, servers, storage systems, networking equipment, software, peripherals and related technology accessories.
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