PC Connection, Inc. (NASDAQ:CNXN) CEO Timothy J. Mcgrath sold 5,805 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $26.85, for a total value of $155,864.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

PC Connection, Inc. (NASDAQ CNXN) traded down $0.36 during mid-day trading on Friday, reaching $27.05. The company had a trading volume of 67,513 shares, compared to its average volume of 44,415. PC Connection, Inc. has a 12 month low of $23.52 and a 12 month high of $30.48. The firm has a market cap of $725.36, a PE ratio of 14.98, a price-to-earnings-growth ratio of 1.89 and a beta of 1.60.

PC Connection (NASDAQ:CNXN) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.49 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.49. PC Connection had a return on equity of 10.84% and a net margin of 1.63%. The company had revenue of $729.23 million for the quarter, compared to analysts’ expectations of $727.84 million. During the same period in the previous year, the firm posted $0.53 EPS. PC Connection’s revenue was up 2.9% compared to the same quarter last year. equities research analysts expect that PC Connection, Inc. will post 1.81 EPS for the current year.

A number of equities research analysts have recently commented on the company. ValuEngine upgraded PC Connection from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. Zacks Investment Research cut PC Connection from a “hold” rating to a “sell” rating in a research report on Friday, October 20th.

A number of hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in PC Connection by 0.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,244,663 shares of the company’s stock worth $60,741,000 after buying an additional 10,323 shares during the last quarter. Northern Trust Corp boosted its holdings in PC Connection by 1.9% in the 2nd quarter. Northern Trust Corp now owns 730,319 shares of the company’s stock worth $19,763,000 after buying an additional 13,284 shares during the last quarter. Vanguard Group Inc. boosted its holdings in PC Connection by 8.5% in the 2nd quarter. Vanguard Group Inc. now owns 541,510 shares of the company’s stock worth $14,653,000 after buying an additional 42,259 shares during the last quarter. State Street Corp boosted its holdings in PC Connection by 8.5% in the 2nd quarter. State Street Corp now owns 255,636 shares of the company’s stock worth $6,915,000 after buying an additional 20,012 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in PC Connection by 15.3% in the 2nd quarter. Royal Bank of Canada now owns 250,510 shares of the company’s stock worth $6,779,000 after buying an additional 33,294 shares during the last quarter. Institutional investors own 41.30% of the company’s stock.

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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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