1 day Ago By ABMN Staff
PC Connection, Inc. ( NASDAQ:CNXN – Get Free Report ) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totalling 304,300 shares, a growth of 10.
4% from the August 15th total of 275,600 shares. Based on an average daily volume of 94,900 shares, the short-interest ratio is currently 3.2 days.
Approximately 2.5% of the shares of the stock are sold short. PC Connection Stock Performance CNXN traded down $0.
62 on Wednesday, hitting $73.84. 81,324 shares of the company were exchanged, compared to its average volume of 77,943.
The firm has a fifty day simple moving average of $69.30 and a two-hundred day simple moving average of $66.41.
The stock has a market capitalization of $1.95 billion, a PE ratio of 23.67, a price-to-earnings-growth ratio of 2.
00 and a beta of 0.62. PC Connection has a 12 month low of $51.
63 and a 12 month high of $76.39. PC Connection ( NASDAQ:CNXN – Get Free Report ) last issued its earnings results on Wednesday, July 31st.
The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.83 by $0.
17. The company had revenue of $736.48 million for the quarter, compared to the consensus estimate of $703.
50 million. PC Connection had a net margin of 3.22% and a return on equity of 10.
51%. On average, equities analysts expect that PC Connection will post 3.55 earnings per share for the current year.
PC Connection Dividend Announcement Insider Buying and Selling at PC Connection In related news, CEO Timothy J. Mcgrath sold 15,377 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $70.
18, for a total value of $1,079,157.86. Following the completion of the sale, the chief executive officer now owns 277,691 shares in the company, valued at approximately $19,488,354.
38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link . Company insiders own 56.
90% of the company’s stock. Institutional Inflows and Outflows Hedge funds and other institutional investors have recently bought and sold shares of the business. Illinois Municipal Retirement Fund lifted its holdings in PC Connection by 3.
4% in the first quarter. Illinois Municipal Retirement Fund now owns 6,491 shares of the company’s stock worth $428,000 after buying an additional 211 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of PC Connection by 7.
5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,441 shares of the company’s stock valued at $414,000 after purchasing an additional 452 shares during the period. Price T Rowe Associates Inc.
MD boosted its position in shares of PC Connection by 6.6% during the first quarter. Price T Rowe Associates Inc.
MD now owns 8,092 shares of the company’s stock valued at $534,000 after purchasing an additional 499 shares in the last quarter. Hsbc Holdings PLC grew its stake in PC Connection by 11.3% in the second quarter.
Hsbc Holdings PLC now owns 5,726 shares of the company’s stock worth $366,000 after purchasing an additional 582 shares during the period. Finally, TD Asset Management Inc raised its holdings in PC Connection by 4.5% in the fourth quarter.
TD Asset Management Inc now owns 16,100 shares of the company’s stock worth $1,082,000 after purchasing an additional 700 shares in the last quarter. Institutional investors own 42.85% of the company’s stock.
Analyst Ratings Changes Separately, StockNews.com upgraded shares of PC Connection from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 29th. Check Out Our Latest Report on PC Connection 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. Further Reading Receive News & Ratings for PC Connection Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PC Connection and related companies with MarketBeat.
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