PC Connection, Inc. (CNXN) Director Barbara Duckett Sells 2,000 Shares
PC Connection, Inc. (NASDAQ:CNXN) Director Barbara Duckett sold 2,000 shares of the business’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $41.46, for a total transaction of $82,920.00. Following the completion of the transaction, the director now owns 12,877 shares in the company, valued at approximately $533,880.42. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Shares of NASDAQ:CNXN opened at $39.98 on Tuesday. PC Connection, Inc. has a fifty-two week low of $22.66 and a fifty-two week high of $43.05. The stock has a market cap of $1.11 billion, a P/E ratio of 21.73, a price-to-earnings-growth ratio of 2.07 and a beta of 1.32.
PC Connection (NASDAQ:CNXN) last announced its quarterly earnings data on Thursday, August 2nd. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.05. PC Connection had a net margin of 2.24% and a return on equity of 11.73%. The business had revenue of $706.57 million during the quarter, compared to the consensus estimate of $696.68 million. During the same quarter in the prior year, the firm earned $0.51 EPS. The company’s revenue for the quarter was down 5.8% compared to the same quarter last year. research analysts expect that PC Connection, Inc. will post 2.51 earnings per share for the current year.
A number of equities analysts have commented on the stock. BidaskClub upgraded shares of PC Connection from a “buy” rating to a “strong-buy” rating in a report on Friday, August 17th. Roth Capital set a $40.00 price objective on shares of PC Connection and gave the stock a “buy” rating in a report on Friday, August 3rd. Sidoti lowered shares of PC Connection from a “buy” rating to a “neutral” rating in a report on Monday, July 16th. ValuEngine upgraded shares of PC Connection from a “hold” rating to a “buy” rating in a report on Friday, June 22nd. Finally, Zacks Investment Research lowered shares of PC Connection from a “buy” rating to a “hold” rating in a report on Wednesday, July 4th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $36.50.
About PC Connection
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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