Jane Street Group LLC Acquires 420 Shares of PC Connection, Inc. (NASDAQ:CNXN)

Jane Street Group LLC boosted its holdings in PC Connection, Inc. (NASDAQ:CNXN) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,460 shares of the company’s stock after buying an additional 420 shares during the quarter. Jane Street Group LLC owned approximately 0.09% of PC Connection worth $1,694,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CNXN. New Age Alpha Advisors LLC acquired a new stake in PC Connection during the 4th quarter valued at approximately $40,000. EntryPoint Capital LLC increased its position in PC Connection by 8.3% during the 4th quarter. EntryPoint Capital LLC now owns 3,220 shares of the company’s stock valued at $223,000 after purchasing an additional 248 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in PC Connection during the 4th quarter valued at approximately $282,000. Tower Research Capital LLC TRC increased its position in PC Connection by 156.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,209 shares of the company’s stock valued at $292,000 after purchasing an additional 2,570 shares during the period. Finally, Hsbc Holdings PLC increased its position in PC Connection by 33.7% during the 4th quarter. Hsbc Holdings PLC now owns 4,968 shares of the company’s stock valued at $341,000 after purchasing an additional 1,252 shares during the period. Institutional investors own 42.85% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of PC Connection from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 9th.

PC Connection Stock Performance

NASDAQ:CNXN opened at $69.70 on Friday. The company has a market capitalization of $1.77 billion, a PE ratio of 21.19, a P/E/G ratio of 1.96 and a beta of 0.67. The company has a 50 day simple moving average of $63.04 and a two-hundred day simple moving average of $67.35. PC Connection, Inc. has a fifty-two week low of $56.82 and a fifty-two week high of $77.19.

PC Connection (NASDAQ:CNXN) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.42 by $0.18. The company had revenue of $701.05 million during the quarter, compared to the consensus estimate of $646.37 million. PC Connection had a net margin of 3.11% and a return on equity of 9.74%. Research analysts predict that PC Connection, Inc. will post 3.33 EPS for the current year.

PC Connection Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Tuesday, May 13th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Tuesday, May 13th. PC Connection’s dividend payout ratio (DPR) is 18.18%.

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.