PC Connection, Inc. (NASDAQ:CNXN) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of PC Connection, Inc. (NASDAQ:CNXN - Free Report) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 354,459 shares of the company's stock after acquiring an additional 8,329 shares during the quarter. Geode Capital Management LLC owned about 1.35% of PC Connection worth $24,558,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CNXN. State Street Corp boosted its holdings in PC Connection by 7.4% in the third quarter. State Street Corp now owns 495,611 shares of the company's stock worth $37,384,000 after acquiring an additional 34,248 shares in the last quarter. Jane Street Group LLC boosted its stake in PC Connection by 195.9% in the 3rd quarter. Jane Street Group LLC now owns 24,040 shares of the company's stock worth $1,813,000 after purchasing an additional 15,916 shares in the last quarter. Barclays PLC increased its stake in PC Connection by 178.7% during the 3rd quarter. Barclays PLC now owns 36,002 shares of the company's stock valued at $2,717,000 after purchasing an additional 23,084 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of PC Connection by 59.3% in the third quarter. JPMorgan Chase & Co. now owns 33,870 shares of the company's stock worth $2,555,000 after buying an additional 12,608 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of PC Connection by 0.4% during the fourth quarter. Rhumbline Advisers now owns 85,432 shares of the company's stock worth $5,918,000 after buying an additional 298 shares during the period. Hedge funds and other institutional investors own 42.85% of the company's stock.

PC Connection Stock Performance

Shares of NASDAQ CNXN traded up $0.60 during mid-day trading on Thursday, hitting $61.22. The stock had a trading volume of 9,933 shares, compared to its average volume of 95,363. The firm has a market cap of $1.58 billion, a PE ratio of 18.59, a PEG ratio of 1.96 and a beta of 0.69. The company has a 50 day moving average of $62.12 and a two-hundred day moving average of $68.01. PC Connection, Inc. has a twelve month low of $56.82 and a twelve month high of $77.19.

PC Connection (NASDAQ:CNXN - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.78 earnings per share for the quarter, missing analysts' consensus estimates of $0.90 by ($0.12). PC Connection had a net margin of 3.11% and a return on equity of 9.74%. During the same period last year, the business earned $0.90 earnings per share. Equities research analysts predict that PC Connection, Inc. will post 3.33 EPS for the current fiscal year.

PC Connection Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, February 25th. This is a positive change from PC Connection's previous quarterly dividend of $0.10. This represents a $0.60 dividend on an annualized basis and a yield of 0.98%. PC Connection's dividend payout ratio (DPR) is currently 18.24%.

PC Connection 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.