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. The company also provides services comprising design, configuration, and implementation of IT solutions. In addition, publishes Connected, a quarterly publication that provides informative articles on the latest technologies and industry trends; distributes specialty catalogs to education, healthcare, and government customers; and MacConnection that publishes a catalog for the Apple market. The company markets its products and services through its Websites, such as connection.com, connection.com/enterprise, connection.com/publicsector, and macconnection.com. It serves small to medium-sized businesses (SMBs) comprising small office/home offices customers; government and educational institutions; and medium-to-large corporate accounts through outbound telemarketing and field sales and marketing programs targeted to specific customer populations, as well as through digital, Web, and print media advertising. PC Connection, Inc. was founded in 1982 and is headquartered in Merrimack, New Hampshire.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded shares of PC Connection from a "buy" rating to a "strong-buy" rating in a research report on Monday.
PC Connection Price Performance
Shares of CNXN Stock traded up $0.83 on Friday, hitting $49.88. 4 shares of the stock traded hands, compared to its average volume of 43,116. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 14.43 and a beta of 0.64. PC Connection has a 52 week low of $40.08 and a 52 week high of $54.79. The firm has a 50 day simple moving average of $45.28 and a two-hundred day simple moving average of $47.67.
Insider Activity
In other PC Connection news, Chairman Patricia Gallup sold 1,707 shares of PC Connection stock in a transaction on Tuesday, July 12th. The shares were sold at an average price of $43.97, for a total value of $75,056.79. Following the sale, the chairman now directly owns 2,091,197 shares in the company, valued at approximately $91,949,932.09. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold 27,601 shares of company stock worth $1,236,202 in the last three months. Company insiders own 57.50% of the company's stock.