Versor Investments LP Buys New Holdings in PC Connection, Inc. (NASDAQ:CNXN)

Versor Investments LP bought a new stake in PC Connection, Inc. (NASDAQ:CNXN - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,352 shares of the company's stock, valued at approximately $1,083,000. Versor Investments LP owned 0.05% of PC Connection at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Amalgamated Bank boosted its position in shares of PC Connection by 4.6% during the third quarter. Amalgamated Bank now owns 3,521 shares of the company's stock worth $266,000 after buying an additional 154 shares during the period. Illinois Municipal Retirement Fund raised its stake in PC Connection by 3.4% in the first quarter. Illinois Municipal Retirement Fund now owns 6,491 shares of the company's stock valued at $428,000 after buying an additional 211 shares during the period. New York State Teachers Retirement System grew its position in shares of PC Connection by 4.9% in the third quarter. New York State Teachers Retirement System now owns 4,613 shares of the company's stock valued at $348,000 after purchasing an additional 216 shares during the last quarter. Louisiana State Employees Retirement System grew its position in shares of PC Connection by 5.3% in the third quarter. Louisiana State Employees Retirement System now owns 6,000 shares of the company's stock valued at $453,000 after purchasing an additional 300 shares during the last quarter. Finally, Signaturefd LLC grew its position in shares of PC Connection by 328.1% in the third quarter. Signaturefd LLC now owns 488 shares of the company's stock valued at $37,000 after purchasing an additional 374 shares during the last quarter. 42.85% of the stock is owned by institutional investors and hedge funds.

PC Connection Price Performance

NASDAQ:CNXN traded down $0.50 during trading hours on Tuesday, reaching $72.39. 77,420 shares of the company were exchanged, compared to its average volume of 80,962. The company has a market capitalization of $1.90 billion, a P/E ratio of 21.40, a P/E/G ratio of 2.16 and a beta of 0.63. PC Connection, Inc. has a 1-year low of $57.47 and a 1-year high of $77.19. The business has a 50 day moving average of $72.13 and a 200 day moving average of $68.56.

PC Connection Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Tuesday, November 12th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Tuesday, November 12th. PC Connection's dividend payout ratio is presently 11.73%.

Analysts Set New Price Targets

Separately, StockNews.com raised PC Connection from a "buy" rating to a "strong-buy" rating in a research report on Thursday, August 29th.

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.