PC Connection major shareholder Patricia Gallup Unloads 10,000 Shares (PCCC)
PC Connection (NASDAQ:PCCC) major shareholder Patricia Gallup sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $22.43, for a total value of $224,300.00. Following the completion of the sale, the insider now directly owns 670,810 shares in the company, valued at approximately $15,046,268. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
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.
Shares of PC Connection (NASDAQ:PCCC) opened at 22.76 on Friday. PC Connection has a 52 week low of $14.72 and a 52 week high of $25.94. The stock’s 50-day moving average is $20.82 and its 200-day moving average is $20.62. The company has a market cap of $596.9 million and a price-to-earnings ratio of 15.48.
PC Connection (NASDAQ:PCCC) last announced its earnings results on Thursday, July 31st. The company reported $0.43 earnings per share (EPS) for the quarter, beating the 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.
PC Connection, Inc is a direct marketer of a range of information technology, or information technology (NASDAQ:PCCC), solutions.
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