American Century Companies Inc. Boosts Position in PC Connection, Inc. (NASDAQ:CNXN)

American Century Companies Inc. grew its holdings in shares of PC Connection, Inc. (NASDAQ:CNXN) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 297,833 shares of the company’s stock after buying an additional 2,965 shares during the quarter. American Century Companies Inc.’s holdings in PC Connection were worth $20,631,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Geode Capital Management LLC boosted its position in PC Connection by 7.2% during the 3rd quarter. Geode Capital Management LLC now owns 346,130 shares of the company’s stock worth $26,113,000 after purchasing an additional 23,358 shares during the period. Jane Street Group LLC boosted its position in shares of PC Connection by 195.9% in the third quarter. Jane Street Group LLC now owns 24,040 shares of the company’s stock worth $1,813,000 after buying an additional 15,916 shares during the period. State Street Corp grew its stake in shares of PC Connection by 7.4% in the third quarter. State Street Corp now owns 495,611 shares of the company’s stock valued at $37,384,000 after buying an additional 34,248 shares in the last quarter. Barclays PLC grew its stake in shares of PC Connection by 178.7% in the third quarter. Barclays PLC now owns 36,002 shares of the company’s stock valued at $2,717,000 after buying an additional 23,084 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of PC Connection by 59.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 33,870 shares of the company’s stock valued at $2,555,000 after buying an additional 12,608 shares during the period. Institutional investors and hedge funds own 42.85% of the company’s stock.

PC Connection Stock Down 1.4 %

NASDAQ CNXN opened at $61.93 on Monday. PC Connection, Inc. has a fifty-two week low of $57.47 and a fifty-two week high of $77.19. The business has a 50 day moving average price of $65.85 and a two-hundred day moving average price of $69.79. The stock has a market cap of $1.62 billion, a PE ratio of 18.82, a P/E/G ratio of 1.96 and a beta of 0.61.

PC Connection (NASDAQ:CNXN) last posted its 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 return on equity of 9.74% and a net margin of 3.11%. During the same quarter last year, the firm earned $0.90 EPS. Sell-side analysts anticipate that PC Connection, Inc. will post 3.33 EPS for the current fiscal year.

PC Connection Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend was Tuesday, February 25th. This is a positive change from PC Connection’s previous quarterly dividend of $0.10. PC Connection’s dividend payout ratio (DPR) is 18.24%.

About PC Connection

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.