PC Connection, Inc. (NASDAQ:CNXN) Director Negrini David Beffa sold 20,000 shares of PC Connection stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $26.00, for a total value of $520,000.00. Following the completion of the sale, the director now directly owns 129,800 shares in the company, valued at approximately $3,374,800. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of PC Connection, Inc. (NASDAQ CNXN) traded up 0.31% during trading on Thursday, hitting $26.16. The stock had a trading volume of 34,226 shares. PC Connection, Inc. has a 52-week low of $22.31 and a 52-week high of $30.48. The firm has a market cap of $700.67 million, a price-to-earnings ratio of 14.79 and a beta of 1.63. The firm’s 50-day moving average is $25.50 and its 200 day moving average is $27.00.

PC Connection (NASDAQ:CNXN) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.50 by $0.03. PC Connection had a return on equity of 11.39% and a net margin of 1.66%. The firm had revenue of $749.79 million during the quarter, compared to analysts’ expectations of $733.18 million. During the same quarter last year, the firm earned $0.49 earnings per share. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, analysts expect that PC Connection, Inc. will post $1.96 EPS for the current year.

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Several large investors have recently bought and sold shares of CNXN. Dimensional Fund Advisors LP acquired a new stake in shares of PC Connection in the first quarter valued at approximately $66,560,000. Royce & Associates LP acquired a new stake in shares of PC Connection in the first quarter valued at approximately $55,730,000. Vanguard Group Inc. acquired a new stake in shares of PC Connection in the first quarter valued at approximately $14,873,000. Tributary Capital Management LLC acquired a new stake in shares of PC Connection in the first quarter valued at approximately $6,823,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of PC Connection in the first quarter valued at approximately $5,374,000. 41.38% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on CNXN shares. Roth Capital set a $33.00 target price on PC Connection and gave the stock a “buy” rating in a report on Friday, July 28th. Zacks Investment Research upgraded PC Connection from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 20th. Finally, ValuEngine cut PC Connection from a “buy” rating to a “hold” rating in a report on Friday, September 1st.

PC Connection Company Profile

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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