PC Connection Director Sells $107,900 in Stock (PCCC)
PC Connection (NASDAQ:PCCC) Director David Hall sold 5,000 shares of the stock on the open market in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $21.58, for a total value of $107,900.00. Following the completion of the transaction, the director now directly owns 284,802 shares in the company, valued at approximately $6,146,027. The transaction was disclosed in a filing with the SEC, which is available at this link.
Separately, analysts at Raymond James upgraded shares of PC Connection from an “underperform” rating to a “market perform” rating in a research note on Friday, August 1st.
PC Connection (NASDAQ:PCCC) traded up 0.19% during mid-day trading on Tuesday, hitting $21.42. 35,567 shares of the company’s stock traded hands. PC Connection has a 52 week low of $14.51 and a 52 week high of $25.94. The stock has a 50-day moving average of $20.48 and a 200-day moving average of $20.57. The company has a market cap of $561.7 million and a P/E ratio of 14.54.
PC Connection (NASDAQ:PCCC) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.39 by $0.04. The company had revenue of $633.20 million for the quarter, compared to the consensus estimate of $585.08 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 13.6% on a year-over-year basis. On average, analysts predict that PC Connection will post $1.51 earnings per share for the current fiscal year.
PC Connection, Inc is a direct marketer of a range of information technology, or information technology (NASDAQ:PCCC), solutions.
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