PC Connection (NASDAQ:CNXN) Hits New 1-Year High – Here’s What Happened

Posted by Brian Himes on Oct 12th, 2026

PC Connection, Inc. (NASDAQ:CNXN – Get Free Report)’s share price reached a new 52-week high on Monday. The company traded as high as $93.94 and last traded at $94.1650, with a volume of 11,891 shares trading hands. The stock had previously closed at $92.81.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Zacks Research lowered PC Connection from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Weiss Ratings upgraded shares of PC Connection from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, PC Connection currently has an average rating of “Moderate Buy”.

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PC Connection Stock Performance

The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 24.90, a P/E/G ratio of 2.22 and a beta of 0.81. The company has a 50-day moving average of $84.70 and a 200-day moving average of $74.55.

PC Connection (NASDAQ:CNXN – Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.31. The firm had revenue of $854.00 million for the quarter, compared to analyst estimates of $764.79 million. PC Connection had a return on equity of 10.90% and a net margin of 3.21%. As a group, analysts expect that PC Connection, Inc. will post 4.18 earnings per share for the current year.

PC Connection Announces Dividend

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

Insider Buying and Selling

In other news, Director David Beffa-Negrini sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $81.05, for a total value of $405,250.00. Following the completion of the transaction, the director owned 60,875 shares of the company’s stock, valued at $4,933,918.75. The trade was a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Patricia Gallup sold 7,142 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $85.42, for a total transaction of $610,069.64. Following the transaction, the chairman directly owned 6,934,901 shares in the company, valued at $592,379,243.42. The trade was a 0.10% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 46,940 shares of company stock valued at $3,992,261. Company insiders own 56.60% of the company’s stock.

Institutional Trading of PC Connection

Hedge funds and other institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC raised its holdings in PC Connection by 200.4% in the 1st quarter. Parallel Advisors LLC now owns 709 shares of the company’s stock valued at $41,000 after acquiring an additional 473 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of PC Connection during the 1st quarter worth $44,000. Quantbot Technologies LP acquired a new stake in shares of PC Connection during the second quarter worth $105,000. Fifth Third Bancorp boosted its holdings in shares of PC Connection by 1,551.2% during the first quarter. Fifth Third Bancorp now owns 2,675 shares of the company’s stock worth $156,000 after purchasing an additional 2,513 shares during the last quarter. Finally, Amundi acquired a new stake in shares of PC Connection during the first quarter worth $206,000. 42.85% of the stock is owned by hedge funds and other institutional investors.

PC Connection Company Profile

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PC Connection, Inc is an information technology solutions provider that supplies computer hardware, software, networking equipment, peripherals and related technology products to organizations in the United States. The company serves businesses, government agencies and educational institutions through its Connection brand and online and sales channels.

In addition to product distribution, PC Connection provides technology services designed to help customers plan, deploy and manage IT environments.