FY2025 EPS Forecast for PC Connection Decreased by Analyst

PC Connection, Inc. (NASDAQ:CNXN) – Equities researchers at Sidoti Csr reduced their FY2025 EPS estimates for shares of PC Connection in a research report issued on Wednesday, January 29th. Sidoti Csr analyst A. Lebiedzinski now anticipates that the company will post earnings per share of $3.70 for the year, down from their prior forecast of $3.87. The consensus estimate for PC Connection’s current full-year earnings is $3.37 per share.

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

PC Connection Price Performance

Shares of CNXN stock opened at $74.22 on Friday. The company has a market cap of $1.95 billion, a PE ratio of 21.77, a price-to-earnings-growth ratio of 2.01 and a beta of 0.67. PC Connection has a 1 year low of $57.47 and a 1 year high of $77.19. The stock’s 50 day simple moving average is $71.73 and its two-hundred day simple moving average is $71.26.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CNXN. New York State Common Retirement Fund lifted its stake in shares of PC Connection by 8.8% during the 4th quarter. New York State Common Retirement Fund now owns 35,997 shares of the company’s stock worth $2,494,000 after acquiring an additional 2,900 shares during the last quarter. Principal Financial Group Inc. increased its stake in PC Connection by 3.5% in the fourth quarter. Principal Financial Group Inc. now owns 63,842 shares of the company’s stock worth $4,422,000 after purchasing an additional 2,138 shares during the period. Rhumbline Advisers lifted its position in shares of PC Connection by 0.4% during the fourth quarter. Rhumbline Advisers now owns 85,432 shares of the company’s stock worth $5,918,000 after purchasing an additional 298 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of PC Connection by 59.3% during the third quarter. JPMorgan Chase & Co. now owns 33,870 shares of the company’s stock valued at $2,555,000 after purchasing an additional 12,608 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of PC Connection by 7.2% in the third quarter. Geode Capital Management LLC now owns 346,130 shares of the company’s stock worth $26,113,000 after purchasing an additional 23,358 shares during the last quarter. Hedge funds and other institutional investors own 42.85% of the company’s stock.

Insider Activity

In related news, Director Negrini David Beffa sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $70.00, for a total transaction of $350,000.00. Following the transaction, the director now directly owns 71,750 shares in the company, valued at approximately $5,022,500. This represents a 6.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 56.90% of the company’s stock.

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.