PC Connection, Inc. (NASDAQ:CNXN) Director Negrini David Beffa sold 20,000 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $26.00, for a total value of $520,000.00. Following the completion of the sale, the director now owns 129,800 shares in the company, valued at approximately $3,374,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of PC Connection, Inc. (CNXN) opened at 26.06 on Friday. The stock has a market cap of $697.99 million, a P/E ratio of 14.73 and a beta of 1.63. The firm’s 50-day moving average price is $25.48 and its 200-day moving average price is $27.00. PC Connection, Inc. has a 52-week low of $22.31 and a 52-week high of $30.48.

PC Connection (NASDAQ:CNXN) last issued its earnings results on Thursday, July 27th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.03. The company had revenue of $749.79 million during the quarter, compared to the consensus estimate of $733.18 million. PC Connection had a net margin of 1.66% and a return on equity of 11.39%. PC Connection’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 EPS. Equities analysts predict that PC Connection, Inc. will post $1.96 EPS for the current year.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its holdings in shares of PC Connection by 8.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,874 shares of the company’s stock valued at $268,000 after purchasing an additional 790 shares during the last quarter. State Street Corp boosted its holdings in shares of PC Connection by 8.5% during the 2nd quarter. State Street Corp now owns 255,636 shares of the company’s stock valued at $6,915,000 after purchasing an additional 20,012 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of PC Connection by 15.3% during the 2nd quarter. Royal Bank of Canada now owns 250,510 shares of the company’s stock valued at $6,779,000 after purchasing an additional 33,294 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of PC Connection by 11.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 38,886 shares of the company’s stock valued at $1,052,000 after purchasing an additional 3,975 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of PC Connection by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,244,663 shares of the company’s stock valued at $60,741,000 after purchasing an additional 10,323 shares during the last quarter. 41.38% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on CNXN. Roth Capital set a $33.00 price objective on PC Connection and gave the stock a “buy” rating in a research report on Friday, July 28th. Zacks Investment Research upgraded PC Connection from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Finally, ValuEngine downgraded PC Connection from a “buy” rating to a “hold” rating in a research report on Friday, September 1st.

PC Connection Company Profile

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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