Other equities analysts have also issued research reports about the company. Zacks Investment Research lowered PC Connection from a buy rating to a hold rating in a research note on Wednesday, May 8th. ValuEngine lowered PC Connection from a buy rating to a hold rating in a research note on Monday, April 1st. Finally, Sidoti lowered PC Connection from a buy rating to a neutral rating and set a $40.00 target price for the company. in a research note on Friday, February 15th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. PC Connection presently has a consensus rating of Hold and a consensus price target of $40.00.
Shares of CNXN stock opened at $33.87 on Tuesday. The firm has a market capitalization of $871.44 million, a P/E ratio of 14.29, a PEG ratio of 1.65 and a beta of 1.14. The company has a quick ratio of 2.07, a current ratio of 2.60 and a debt-to-equity ratio of 0.02. PC Connection has a 1 year low of $27.04 and a 1 year high of $43.05.
PC Connection (NASDAQ:CNXN) last issued its earnings results on Thursday, May 2nd. The company reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.04. The company had revenue of $632.92 million during the quarter, compared to analyst estimates of $647.08 million. PC Connection had a return on equity of 12.51% and a net margin of 2.44%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the business posted $0.42 EPS. Analysts forecast that PC Connection will post 2.5 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in CNXN. American Century Companies Inc. acquired a new stake in PC Connection during the 4th quarter worth about $1,945,000. Bank of Montreal Can grew its position in PC Connection by 35,181.8% during the 4th quarter. Bank of Montreal Can now owns 56,098 shares of the company’s stock worth $1,668,000 after purchasing an additional 55,939 shares during the period. Seizert Capital Partners LLC acquired a new stake in PC Connection during the 1st quarter worth about $1,895,000. AQR Capital Management LLC grew its position in PC Connection by 51.3% during the 1st quarter. AQR Capital Management LLC now owns 141,582 shares of the company’s stock worth $5,192,000 after purchasing an additional 47,985 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC grew its position in PC Connection by 41.3% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 142,341 shares of the company’s stock worth $5,220,000 after purchasing an additional 41,580 shares during the period. 41.16% of the stock is currently owned by institutional investors.
PC Connection Company 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.
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