BNP Paribas Financial Markets Has $394,000 Holdings in PC Connection, Inc. (NASDAQ:CNXN)

BNP Paribas Financial Markets lifted its holdings in shares of PC Connection, Inc. (NASDAQ:CNXN) by 33.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,693 shares of the company’s stock after purchasing an additional 1,440 shares during the quarter. BNP Paribas Financial Markets’ holdings in PC Connection were worth $394,000 as of its most recent SEC filing.

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

PC Connection Trading Down 1.8%

CNXN opened at $65.68 on Monday. The company has a market cap of $1.67 billion, a P/E ratio of 19.96, a P/E/G ratio of 1.96 and a beta of 0.67. PC Connection, Inc. has a 12 month low of $56.82 and a 12 month high of $77.19. The business’s 50-day moving average price is $63.72 and its 200-day moving average price is $67.30.

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

PC Connection Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Tuesday, May 13th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Tuesday, May 13th. PC Connection’s payout ratio is currently 18.18%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of PC Connection from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 9th.

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.