PC Connection (NASDAQ:CNXN) Reaches New 12-Month High – Here’s Why

Posted by Brenda Bartman on Sep 22nd, 2026

PC Connection, Inc. (NASDAQ:CNXN – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $88.58 and last traded at $88.5440, with a volume of 67939 shares changing hands. The stock had previously closed at $85.90.

Analysts Set New Price Targets

CNXN has been the subject of a number of research reports. Weiss Ratings cut PC Connection from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, September 16th. Zacks Research upgraded PC Connection from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat.com, PC Connection currently has a consensus rating of “Strong Buy”.

Get Our Latest Research Report on CNXN

PC Connection Trading Up 2.6%

The business has a 50-day moving average price of $81.89 and a 200 day moving average price of $71.48. The stock has a market capitalization of $2.22 billion, a P/E ratio of 23.42, a P/E/G ratio of 2.08 and a beta of 0.85.

PC Connection (NASDAQ:CNXN – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.31. The company had revenue of $854.00 million for the quarter, compared to analysts’ expectations of $764.79 million. PC Connection had a net margin of 3.21% and a return on equity of 10.90%. On average, sell-side analysts predict that PC Connection, Inc. will post 4.18 earnings per share for the current fiscal year.

PC Connection Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Tuesday, August 11th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, August 11th. PC Connection’s payout ratio is presently 21.16%.

Insider Transactions at PC Connection

In other news, Chairman Patricia Gallup sold 7,142 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $85.42, for a total value of $610,069.64. Following the completion of the sale, the chairman directly owned 6,934,901 shares of the company’s stock, valued at $592,379,243.42. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 35,710 shares of company stock worth $2,872,655 in the last quarter. Corporate insiders own 56.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CNXN. BlackRock Inc. purchased a new stake in PC Connection in the second quarter worth $158,833,000. Bank of New York Mellon Corp purchased a new stake in shares of PC Connection during the second quarter valued at $9,982,000. Man Group plc purchased a new stake in shares of PC Connection during the second quarter valued at $6,925,000. PDT Partners LLC bought a new position in shares of PC Connection in the second quarter worth about $3,557,000. Finally, Bank of America Corp DE bought a new position in shares of PC Connection in the second quarter worth about $3,080,000. 42.85% of the stock is owned by hedge funds and other institutional investors.

About PC Connection

(Get Free Report)

PC Connection, Inc (NASDAQ: CNXN) is an information technology solutions provider serving businesses, government agencies, educational institutions and other organizations. The company supplies technology products and provides services designed to help customers plan, implement and manage their IT environments.

Its offerings include computers and mobile devices, servers, storage systems, networking equipment, software, peripherals and communications products. PC Connection also provides professional and lifecycle services, including consulting, systems integration, cloud and data-center solutions, cybersecurity, managed services, deployment, configuration and technical support.

Founded in 1982, the company operates primarily in the United States through brands and business units that include Connection, GovConnection and MoreDirect.