PC Connection, Inc. (CNXN) CEO Timothy J. Mcgrath Sells 5,805 Shares of Stock
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 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.
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