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.

Large investors have recently made changes to their positions in the stock. BlackRock Inc. grew its position in PC Connection by 8.2% in the 2nd quarter. BlackRock Inc. now owns 964,199 shares of the company’s stock worth $32,012,000 after purchasing an additional 72,957 shares during the last quarter. Northern Trust Corp grew its position in PC Connection by 0.3% in the 1st quarter. Northern Trust Corp now owns 733,861 shares of the company’s stock worth $18,347,000 after purchasing an additional 2,359 shares during the last quarter. Tributary Capital Management LLC grew its position in PC Connection by 8.6% in the 2nd quarter. Tributary Capital Management LLC now owns 435,527 shares of the company’s stock worth $14,459,000 after purchasing an additional 34,601 shares during the last quarter. Royal Bank of Canada grew its position in PC Connection by 3.3% in the 1st quarter. Royal Bank of Canada now owns 327,009 shares of the company’s stock worth $8,175,000 after purchasing an additional 10,583 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC grew its position in PC Connection by 2.7% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 208,571 shares of the company’s stock worth $5,214,000 after purchasing an additional 5,450 shares during the last quarter. 41.31% of the stock is owned by institutional investors and hedge funds.

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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