PC Connection, Inc. (NASDAQ:CNXN) CEO Timothy J. Mcgrath sold 26,122 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $25.82, for a total transaction of $674,470.04. Following the completion of the sale, the chief executive officer now owns 224,907 shares of the company’s stock, valued at $5,807,098.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

PC Connection, Inc. (NASDAQ:CNXN) traded up 0.27% during trading on Monday, hitting $25.75. 53,231 shares of the stock traded hands. The firm has a market cap of $689.69 million, a PE ratio of 14.56 and a beta of 1.63. The firm has a 50-day moving average price of $26.38 and a 200 day moving average price of $27.35. PC Connection, Inc. has a 12 month low of $22.31 and a 12 month high of $30.48.

PC Connection (NASDAQ:CNXN) last issued its earnings results on Thursday, July 27th. The company reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.03. PC Connection had a net margin of 1.66% and a return on equity of 11.39%. The business had revenue of $749.79 million for the quarter, compared to the consensus estimate of $733.18 million. During the same period in the prior year, the firm earned $0.49 EPS. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, equities analysts forecast that PC Connection, Inc. will post $1.96 EPS for the current fiscal year.

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Several institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc acquired a new position in PC Connection during the first quarter worth about $102,000. Dubuque Bank & Trust Co. acquired a new position in PC Connection during the first quarter worth about $104,000. Acadian Asset Management LLC acquired a new position in PC Connection during the first quarter worth about $173,000. Victory Capital Management Inc. acquired a new position in PC Connection during the first quarter worth about $175,000. Finally, First Quadrant L P CA acquired a new position in PC Connection during the first quarter worth about $185,000. Hedge funds and other institutional investors own 40.65% of the company’s stock.

Several equities analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of PC Connection from a “hold” rating to a “sell” rating in a report on Monday, April 24th. Roth Capital reiterated a “buy” rating and set a $32.00 target price on shares of PC Connection in a report on Friday, April 21st.

About PC Connection

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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