PC Connection major shareholder Unloads $218,300 in Stock (PCCC)
PC Connection (NASDAQ:PCCC) major shareholder Patricia Gallup unloaded 10,000 shares of PC Connection stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $21.83, for a total value of $218,300.00. Following the completion of the transaction, the insider now directly owns 680,810 shares of the company’s stock, valued at approximately $14,862,082. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of PC Connection (NASDAQ:PCCC) traded up 0.11% on Friday, hitting $21.985. The stock had a trading volume of 36,458 shares. PC Connection has a one year low of $14.51 and a one year high of $25.94. The stock’s 50-day moving average is $20. and its 200-day moving average is $20.59. The company has a market cap of $576.5 million and a price-to-earnings ratio of 14.94.
PC Connection (NASDAQ:PCCC) last released its earnings data on Thursday, July 31st. The company reported $0.43 earnings per share 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. Analysts expect that PC Connection will post $1.51 EPS for the current fiscal year.
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, Inc is a direct marketer of a range of information technology, or information technology (NASDAQ:PCCC), solutions.
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