Bailard Inc. Has $513,000 Position in PC Connection, Inc. (NASDAQ:CNXN)

Bailard Inc. boosted its position in shares of PC Connection, Inc. (NASDAQ:CNXN) by 23.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,400 shares of the company’s stock after buying an additional 1,400 shares during the quarter. Bailard Inc.’s holdings in PC Connection were worth $513,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Point72 DIFC Ltd bought a new stake in shares of PC Connection during the third quarter worth $28,000. Intech Investment Management LLC bought a new stake in PC Connection during the 3rd quarter worth about $243,000. Amalgamated Bank lifted its position in PC Connection by 4.6% during the 3rd quarter. Amalgamated Bank now owns 3,521 shares of the company’s stock valued at $266,000 after purchasing an additional 154 shares during the period. New York State Teachers Retirement System boosted its stake in shares of PC Connection by 4.9% in the 3rd quarter. New York State Teachers Retirement System now owns 4,613 shares of the company’s stock valued at $348,000 after purchasing an additional 216 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in shares of PC Connection by 5.3% in the 3rd quarter. Louisiana State Employees Retirement System now owns 6,000 shares of the company’s stock valued at $453,000 after purchasing an additional 300 shares during the last quarter. 42.85% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised shares of PC Connection from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th.

PC Connection Stock Down 0.1 %

CNXN stock opened at $63.25 on Wednesday. PC Connection, Inc. has a twelve month low of $57.47 and a twelve month high of $77.19. The company has a market cap of $1.65 billion, a P/E ratio of 19.22, a price-to-earnings-growth ratio of 1.96 and a beta of 0.67. The business’s fifty day moving average is $68.67 and its 200-day moving average is $70.89.

PC Connection (NASDAQ:CNXN) last released its quarterly earnings data 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 prior year, the company posted $0.90 earnings per share. Research analysts anticipate that PC Connection, Inc. will post 3.33 earnings per share for the current fiscal year.

PC Connection Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, February 25th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.95%. This is an increase from PC Connection’s previous quarterly dividend of $0.10. The ex-dividend date is Tuesday, February 25th. PC Connection’s dividend payout ratio (DPR) is currently 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.