O Shaughnessy Asset Management LLC Purchases 319 Shares of PC Connection, Inc. (NASDAQ:CNXN)

O Shaughnessy Asset Management LLC lifted its position in shares of PC Connection, Inc. (NASDAQ:CNXN) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,336 shares of the company’s stock after buying an additional 319 shares during the period. O Shaughnessy Asset Management LLC’s holdings in PC Connection were worth $370,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CNXN. New Age Alpha Advisors LLC bought a new position in shares of PC Connection during the 4th quarter worth approximately $40,000. EntryPoint Capital LLC boosted its holdings in PC Connection by 8.3% during the fourth quarter. EntryPoint Capital LLC now owns 3,220 shares of the company’s stock worth $223,000 after purchasing an additional 248 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in PC Connection in the fourth quarter valued at $436,000. Magnetar Financial LLC acquired a new stake in PC Connection in the 4th quarter valued at $448,000. Finally, Illinois Municipal Retirement Fund lifted its position in PC Connection by 6.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 6,519 shares of the company’s stock worth $452,000 after buying an additional 390 shares in the last quarter. Institutional investors and hedge funds own 42.85% of the company’s stock.

PC Connection Price Performance

Shares of NASDAQ CNXN opened at $60.27 on Friday. PC Connection, Inc. has a fifty-two week low of $56.82 and a fifty-two week high of $77.19. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 1.96 and a beta of 0.69. The business has a 50-day moving average of $63.01 and a 200-day moving average of $68.75.

PC Connection (NASDAQ:CNXN) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate 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 period last year, the business posted $0.90 EPS. On average, sell-side analysts expect that PC Connection, Inc. will post 3.33 EPS for the current year.

PC Connection Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were paid a $0.15 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $0.60 dividend on an annualized basis and a yield of 1.00%. This is a boost from PC Connection’s previous quarterly dividend of $0.10. 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.