PC Connection (NASDAQ:CNXN) Reaches New 12-Month Low – What’s Next?

PC Connection, Inc. (NASDAQ:CNXN) shares reached a new 52-week low on Monday . The stock traded as low as $56.82 and last traded at $57.03, with a volume of 2585 shares changing hands. The stock had previously closed at $59.70.

PC Connection Trading Down 2.0 %

The stock has a market capitalization of $1.51 billion, a P/E ratio of 17.89, a P/E/G ratio of 1.96 and a beta of 0.69. The stock’s 50-day moving average price is $64.82 and its two-hundred day moving average price is $69.39.

PC Connection (NASDAQ:CNXN) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.78 EPS 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 in the previous year, the firm posted $0.90 EPS. On average, equities research analysts predict that PC Connection, Inc. will post 3.33 earnings per share for the current year.

PC Connection Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th were given a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This is a boost from PC Connection’s previous quarterly dividend of $0.10. This represents a $0.60 annualized dividend and a dividend yield of 1.03%. PC Connection’s payout ratio is 18.24%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in PC Connection by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 1,118,289 shares of the company’s stock valued at $77,464,000 after buying an additional 8,723 shares during the period. State Street Corp raised its position in PC Connection by 7.4% in the 3rd quarter. State Street Corp now owns 495,611 shares of the company’s stock worth $37,384,000 after purchasing an additional 34,248 shares during the period. Geode Capital Management LLC lifted its stake in shares of PC Connection by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 354,459 shares of the company’s stock valued at $24,558,000 after acquiring an additional 8,329 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of PC Connection by 1.0% during the fourth quarter. American Century Companies Inc. now owns 297,833 shares of the company’s stock valued at $20,631,000 after purchasing an additional 2,965 shares during the period. Finally, Invesco Ltd. boosted its position in PC Connection by 8.2% during the 4th quarter. Invesco Ltd. now owns 268,455 shares of the company’s stock valued at $18,596,000 after buying an additional 20,383 shares during the period. Hedge funds and other institutional investors own 42.85% of the company’s stock.

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.