New York State Teachers Retirement System Buys 216 Shares of PC Connection, Inc. (NASDAQ:CNXN)

New York State Teachers Retirement System raised its stake in PC Connection, Inc. (NASDAQ:CNXN) by 4.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,613 shares of the company’s stock after purchasing an additional 216 shares during the quarter. New York State Teachers Retirement System’s holdings in PC Connection were worth $348,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Illinois Municipal Retirement Fund raised its holdings in PC Connection by 3.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 6,491 shares of the company’s stock valued at $428,000 after buying an additional 211 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of PC Connection by 5.3% in the third quarter. Louisiana State Employees Retirement System now owns 6,000 shares of the company’s stock valued at $453,000 after acquiring an additional 300 shares during the period. Signaturefd LLC raised its stake in shares of PC Connection by 328.1% during the third quarter. Signaturefd LLC now owns 488 shares of the company’s stock valued at $37,000 after acquiring an additional 374 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of PC Connection by 5.9% during the third quarter. State of Alaska Department of Revenue now owns 7,051 shares of the company’s stock worth $531,000 after purchasing an additional 395 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in shares of PC Connection by 7.5% in the second quarter. The Manufacturers Life Insurance Company now owns 6,441 shares of the company’s stock worth $414,000 after purchasing an additional 452 shares during the last quarter. Hedge funds and other institutional investors own 42.85% of the company’s stock.

PC Connection Stock Down 0.5 %

Shares of PC Connection stock opened at $73.16 on Monday. The business has a 50 day moving average of $72.13 and a 200 day moving average of $68.50. PC Connection, Inc. has a 52 week low of $57.47 and a 52 week high of $77.19. The company has a market cap of $1.92 billion, a PE ratio of 21.45, a P/E/G ratio of 2.16 and a beta of 0.63.

PC Connection Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Tuesday, November 12th will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.40 annualized dividend and a dividend yield of 0.55%. PC Connection’s dividend payout ratio is 11.73%.

Analyst Ratings Changes

Separately, StockNews.com raised PC Connection from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 29th.

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.