PC Connection, Inc. (NASDAQ:CNXN - Get Free Report) shares reached a new 52-week low during trading on Monday . The company traded as low as $56.82 and last traded at $57.03, with a volume of 2585 shares. The stock had previously closed at $59.70.
PC Connection Price Performance
The firm has a market cap of $1.56 billion, a PE ratio of 18.32, a PEG ratio of 1.96 and a beta of 0.69. The business has a 50-day moving average price of $63.01 and a two-hundred day moving average price of $68.75.
PC Connection (NASDAQ:CNXN - Get Free Report) last posted its 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 net margin of 3.11% and a return on equity of 9.74%. During the same quarter in the previous year, the company earned $0.90 EPS. Equities analysts expect that PC Connection, Inc. will post 3.33 earnings per share for the current fiscal year.
PC Connection Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, February 25th were paid a $0.15 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $0.60 dividend on an annualized basis and a yield of 1.00%. This is a positive change from PC Connection's previous quarterly dividend of $0.10. PC Connection's dividend payout ratio is presently 18.24%.
Institutional Trading of PC Connection
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC increased its position in PC Connection by 7.2% during the 3rd quarter. Geode Capital Management LLC now owns 346,130 shares of the company's stock worth $26,113,000 after purchasing an additional 23,358 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of PC Connection by 195.9% during the third quarter. Jane Street Group LLC now owns 24,040 shares of the company's stock worth $1,813,000 after buying an additional 15,916 shares in the last quarter. State Street Corp grew its holdings in shares of PC Connection by 7.4% during the third quarter. State Street Corp now owns 495,611 shares of the company's stock worth $37,384,000 after buying an additional 34,248 shares in the last quarter. Barclays PLC raised its position in shares of PC Connection by 178.7% in the third quarter. Barclays PLC now owns 36,002 shares of the company's stock valued at $2,717,000 after buying an additional 23,084 shares during the last quarter. Finally, Magnetar Financial LLC purchased a new position in shares of PC Connection during the fourth quarter valued at approximately $448,000. 42.85% of the stock is currently owned by hedge funds and other institutional investors.
PC Connection Company Profile
(
Get Free Report)
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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