Susquehanna Fundamental Investments LLC Purchases Shares of 4,066 PC Connection, Inc. (NASDAQ:CNXN)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of PC Connection, Inc. (NASDAQ:CNXN - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,066 shares of the company's stock, valued at approximately $282,000.

Several other institutional investors also recently modified their holdings of CNXN. New Age Alpha Advisors LLC purchased a new stake in PC Connection during the 4th quarter valued at $40,000. EntryPoint Capital LLC increased its position in PC Connection by 8.3% during the fourth quarter. EntryPoint Capital LLC now owns 3,220 shares of the company's stock valued at $223,000 after acquiring an additional 248 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in PC Connection by 156.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,209 shares of the company's stock valued at $292,000 after acquiring an additional 2,570 shares during the period. Hsbc Holdings PLC boosted its position in PC Connection by 33.7% in the fourth quarter. Hsbc Holdings PLC now owns 4,968 shares of the company's stock worth $341,000 after purchasing an additional 1,252 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its stake in shares of PC Connection by 6.4% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 5,336 shares of the company's stock valued at $370,000 after purchasing an additional 319 shares during the period. 42.85% of the stock is owned by hedge funds and other institutional investors.

PC Connection Stock Up 0.1 %

CNXN traded up $0.07 during trading on Friday, hitting $69.13. The company's stock had a trading volume of 75,886 shares, compared to its average volume of 97,052. The business's 50 day simple moving average is $62.40 and its 200-day simple moving average is $67.32. The firm has a market cap of $1.76 billion, a PE ratio of 21.01, a P/E/G ratio of 1.96 and a beta of 0.67. PC Connection, Inc. has a one year low of $56.82 and a one year high of $77.19.

PC Connection (NASDAQ:CNXN - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.18. The company had revenue of $701.05 million for the quarter, compared to the consensus estimate of $646.37 million. PC Connection had a return on equity of 9.74% and a net margin of 3.11%. Equities research analysts expect that PC Connection, Inc. will post 3.33 EPS for the current fiscal year.

PC Connection Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Tuesday, May 13th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.87%. The ex-dividend date is Tuesday, May 13th. PC Connection's dividend payout ratio is 18.18%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of PC Connection from a "strong-buy" rating to a "buy" rating in a research note on Friday.

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.