Geode Capital Management LLC Increases Holdings in PC Connection, Inc. (NASDAQ:CNXN)

Geode Capital Management LLC lifted its holdings in PC Connection, Inc. (NASDAQ:CNXN - Free Report) by 2.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 354,459 shares of the company's stock after purchasing an additional 8,329 shares during the period. Geode Capital Management LLC owned about 1.35% of PC Connection worth $24,558,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. New Age Alpha Advisors LLC purchased a new position in shares of PC Connection during the 4th quarter valued at about $40,000. EntryPoint Capital LLC grew its holdings in shares of PC Connection by 8.3% in the fourth quarter. EntryPoint Capital LLC now owns 3,220 shares of the company's stock valued at $223,000 after purchasing an additional 248 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of PC Connection by 6.4% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 5,336 shares of the company's stock worth $370,000 after buying an additional 319 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in PC Connection during the fourth quarter worth approximately $436,000. Finally, Magnetar Financial LLC bought a new position in shares of PC Connection during the 4th quarter valued at approximately $448,000. Hedge funds and other institutional investors own 42.85% of the company's stock.

PC Connection Trading Up 0.0 %

Shares of CNXN opened at $60.09 on Friday. PC Connection, Inc. has a twelve month low of $56.82 and a twelve month high of $77.19. The company has a market cap of $1.55 billion, a P/E ratio of 18.26, a P/E/G ratio of 1.96 and a beta of 0.69. The company's fifty day simple moving average is $62.54 and its 200-day simple moving average is $68.37.

PC Connection (NASDAQ:CNXN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.12). PC Connection had a return on equity of 9.74% and a net margin of 3.11%. During the same period in the previous year, the company earned $0.90 earnings per share. Analysts predict that PC Connection, Inc. will post 3.33 earnings per share for the current fiscal year.

PC Connection Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This is a boost from PC Connection's previous quarterly dividend of $0.10. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.00%. PC Connection's dividend payout ratio is presently 18.24%.

PC Connection Profile

PC Connection, Inc, together with its subsidiaries, provides a range of information technology (IT) solutions. The company operates through three segments: Business Solutions, Enterprise Solutions, and Public Sector Solutions. It offers IT products, such as computer systems, software and peripheral equipment, networking communications, and other products and accessories.

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