Universal Beteiligungs und Servicegesellschaft mbH Makes New $279,000 Investment in PC Connection, Inc. (NASDAQ:CNXN)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has purchased 4,472 shares of PC Connection, Inc. for approximately $279,000, marking a new investment position in the company.
• Several hedge funds have adjusted their holdings in PC Connection, with Vanguard Group and JPMorgan Chase significantly increasing their ownership in the fourth quarter.
• PC Connection announced a quarterly dividend of $0.15 per share, with an ex-dividend date set for August 12, reflecting a dividend yield of 1.0%.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of PC Connection, Inc. (NASDAQ:CNXN - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,472 shares of the company's stock, valued at approximately $279,000.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of PC Connection by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 1,118,289 shares of the company's stock valued at $77,464,000 after purchasing an additional 8,723 shares during the period. Geode Capital Management LLC lifted its stake in PC Connection by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 354,459 shares of the company's stock worth $24,558,000 after acquiring an additional 8,329 shares in the last quarter. Invesco Ltd. raised its stake in shares of PC Connection by 8.2% during the 4th quarter. Invesco Ltd. now owns 268,455 shares of the company's stock worth $18,596,000 after purchasing an additional 20,383 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of PC Connection by 26,952.8% during the 1st quarter. GAMMA Investing LLC now owns 135,264 shares of the company's stock valued at $8,443,000 after acquiring an additional 134,764 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its holdings in PC Connection by 12.7% in the 4th quarter. Nuveen Asset Management LLC now owns 113,261 shares of the company's stock valued at $7,846,000 after buying an additional 12,795 shares during the last quarter. 42.85% of the stock is owned by institutional investors and hedge funds.

Insider Activity at PC Connection

In other PC Connection news, CEO Timothy J. Mcgrath sold 26,565 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $66.80, for a total transaction of $1,774,542.00. Following the completion of the sale, the chief executive officer directly owned 265,827 shares in the company, valued at $17,757,243.60. This represents a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jack L. Ferguson sold 1,000 shares of the firm's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $66.32, for a total value of $66,320.00. Following the transaction, the director directly owned 66,055 shares of the company's stock, valued at approximately $4,380,767.60. This represents a 1.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,005 shares of company stock worth $2,205,614 in the last ninety days. 55.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered PC Connection from a "buy" rating to a "hold" rating in a report on Saturday.

PC Connection Stock Up 2.5%

CNXN traded up $1.47 during trading on Wednesday, hitting $60.44. The company's stock had a trading volume of 99,727 shares, compared to its average volume of 105,622. The firm's 50 day moving average price is $65.05 and its two-hundred day moving average price is $65.03. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 18.43, a price-to-earnings-growth ratio of 1.71 and a beta of 0.72. PC Connection, Inc. has a 12 month low of $56.72 and a 12 month high of $77.19.

PC Connection (NASDAQ:CNXN - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $0.06. PC Connection had a return on equity of 9.74% and a net margin of 2.97%. The firm had revenue of $759.69 million during the quarter, compared to analysts' expectations of $774.66 million. On average, sell-side analysts forecast that PC Connection, Inc. will post 3.33 earnings per share for the current year.

PC Connection Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Tuesday, August 12th will be given a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $0.60 annualized dividend and a dividend yield of 1.0%. PC Connection's dividend payout ratio is presently 18.29%.

PC Connection Company 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.