How have CNXN shares performed in 2023?

PC Connection's stock was trading at $46.90 on January 1st, 2023. Since then, CNXN stock has increased by 39.0% and is now trading at $65.21. View the best growth stocks for 2023 here .

Are investors shorting PC Connection?

PC Connection saw a decrease in short interest in November. As of November 15th, there was short interest totaling 184,300 shares, a decrease of 17.0% from the October 31st total of 222,000 shares. Based on an average daily trading volume, of 57,100 shares, the days-to-cover ratio is presently 3.2 days. Currently, 1.6% of the shares of the stock are short sold. View PC Connection's Short Interest .

When is PC Connection's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 8th 2024. View our CNXN earnings forecast .

How were PC Connection's earnings last quarter?

PC Connection, Inc. (NASDAQ:CNXN) issued its quarterly earnings results on Wednesday, November, 1st. The company reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.16. The business had revenue of $693.09 million for the quarter, compared to analysts' expectations of $738.41 million. PC Connection had a trailing twelve-month return on equity of 10.18% and a net margin of 2.71%.

How often does PC Connection pay dividends? What is the dividend yield for PC Connection?

PC Connection announced a quarterly dividend on Wednesday, November 1st. Shareholders of record on Tuesday, November 14th will be paid a dividend of $0.08 per share on Friday, December 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Monday, November 13th. Read our dividend analysis for CNXN .

Is PC Connection a good dividend stock?

PC Connection (NASDAQ:CNXN) pays an annual dividend of $0.32 per share and currently has a dividend yield of 0.50%. The dividend payout ratio is 10.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNXN will have a dividend payout ratio of 9.38% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for CNXN .

What is Timothy McGrath's approval rating as PC Connection's CEO?

194 employees have rated PC Connection Chief Executive Officer Timothy McGrath on Glassdoor.com . Timothy McGrath has an approval rating of 72% among the company's employees.

What other stocks do shareholders of PC Connection own?

Based on aggregate information from My MarketBeat watchlists, some companies that other PC Connection investors own include Cisco Systems (CSCO) , NVIDIA (NVDA) , Pfizer (PFE) , AT&T (T) , Verizon Communications (VZ) , Bristol-Myers Squibb (BMY) , Alphabet (GOOG) , Johnson & Johnson (JNJ) , Procter & Gamble (PG) and TD SYNNEX (SNX) .

Who are PC Connection's major shareholders?

PC Connection's stock is owned by many different institutional and retail investors. Top institutional shareholders include Mawer Investment Management Ltd. (5.36%), Brown Advisory Inc. (1.50%), Charles Schwab Investment Management Inc. (0.87%), Invesco Ltd. (0.60%), AQR Capital Management LLC (0.42%) and Allspring Global Investments Holdings LLC (0.41%). Insiders that own company stock include Barbara Duckett, Jack L Ferguson , Negrini David Beffa , Patricia Gallup , Thomas C Baker and Timothy J Mcgrath. View institutional ownership trends .

How do I buy shares of PC Connection?

Shares of CNXN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Does PC Connection have any subsidiaries?

The following companies are subsidiares of PC Connection: ComTeq, GlobalServe, GlobalServe Inc., GovConnection, GovConnection Inc., Merisel Americas Inc., MoreDirect, MoreDirect Inc., Outpost.com, PC Connection Sales Corporation, Softmart, and ValCom Technology. Read More

Positive News SentimentPositive News

PC Connection Stock Price, News & Analysis (NASDAQ:CNXN)

$65.21

+1.23 (+1.92%)

(As of 12/8/2023 ET)

Compare

Today's Range: $63.79
▼
$65.33
50-Day Range: $52.32
▼
$65.21
52-Week Range: $37.76
▼
$65.33

Volume: 50,409 shs
Average Volume: 56,460 shs
Market Capitalization: $1.71 billion

P/E Ratio: 21.96
Dividend Yield: 0.49%
Price Target: N/A

PC Connection MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
1.62% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.51
Based on 2 Articles This Week
Insider Trading: Selling Shares
$415,140 Sold Last Quarter
Proj. Earnings Growth: 6.90%
From $3.19 to $3.41 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.59 out of 5 stars

Retail/Wholesale Sector

27th out of 204 stocks

Catalog & Mail-Order Houses Industry

3rd out of 22 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for PC Connection.

5.0

Short Interest

Percentage of Shares Shorted
1.62% of the float of PC Connection has been sold short.
Short Interest Ratio / Days to Cover
PC Connection has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in PC Connection has recently decreased by 16.98%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Yield
PC Connection has a dividend yield of 0.50%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
PC Connection does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of PC Connection is 10.77%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, PC Connection will have a dividend payout ratio of 9.38% next year. This indicates that PC Connection will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CNXN.

3.1

News and Social Media Coverage

News Sentiment
PC Connection has a news sentiment score of 1.51. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.51 average news sentiment score of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for PC Connection this week, compared to 1 article on an average week.
Search Interest
Only 1 people have searched for CNXN on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
Only 4 people have added PC Connection to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, PC Connection insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $415,140.00 in company stock.
Percentage Held by Insiders
56.90% of the stock of PC Connection is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
41.77% of the stock of PC Connection is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for PC Connection are expected to grow by 6.90% in the coming year, from $3.19 to $3.41 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of PC Connection is 21.96, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 108.81.
Price to Earnings Ratio vs. Sector
The P/E ratio of PC Connection is 21.96, which means that it is trading at a more expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 20.52.
Price to Earnings Growth Ratio
PC Connection has a PEG Ratio of 2.01. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
PC Connection has a P/B Ratio of 2.24. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About PC Connection Stock (NASDAQ:CNXN)

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. The company also provides services comprising design, configuration, and implementation of IT solutions. In addition, publishes Connected, a quarterly publication that provides informative articles on the latest technologies and industry trends; distributes specialty catalogs to education, healthcare, and government customers; and MacConnection that publishes a catalog for the Apple market. The company markets its products and services through its Websites, such as connection.com, connection.com/enterprise, connection.com/publicsector, and macconnection.com. It serves small to medium-sized businesses (SMBs) comprising small office/home offices customers; government and educational institutions; and medium-to-large corporate accounts through outbound telemarketing and field sales and marketing programs targeted to specific customer populations, as well as through digital, Web, and print media advertising. PC Connection, Inc. was founded in 1982 and is headquartered in Merrimack, New Hampshire.

CNXN Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CNXN Stock News Headlines

December 8, 2023 | stocknews.com

Snowflake (SNOW) Post-Earnings Analysis – Time to Buy, Hold, or Sell?

December 6, 2023 | finance.yahoo.com

Insider Sell Alert: Director Negrini Beffa Sells 5,000 Shares of PC Connection Inc (CNXN)

December 9, 2023 | Autonomix (Ad)

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity

Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com

November 23, 2023 | finance.yahoo.com

Insider Sell: President & CEO Timothy McGrath Sells 22,694 Shares of PC Connection Inc (CNXN)

November 16, 2023 | finance.yahoo.com

Connection Announces Winners of 2023 IT Superhero Awards

November 14, 2023 | finance.yahoo.com

Insider Sell Alert: Director Jack Ferguson Sells 3,000 Shares of PC Connection Inc (CNXN)

November 8, 2023 | finance.yahoo.com

PC Connection, Inc. (NASDAQ:CNXN) Passed Our Checks, And It's About To Pay A US$0.08 Dividend

November 6, 2023 | stocknews.com

Uber Technologies (UBER) Earnings Insights - Is the Tech Stock a Buying Opportunity?

December 9, 2023 | Autonomix (Ad)

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity

November 5, 2023 | morningstar.com

PC Connection Inc CNXN

November 2, 2023 | finance.yahoo.com

PC Connection, Inc. (NASDAQ:CNXN) Q3 2023 Earnings Call Transcript

November 2, 2023 | finance.yahoo.com

Can PC Connection, Inc. (NASDAQ:CNXN) Performance Keep Up Given Its Mixed Bag Of Fundamentals?

November 2, 2023 | finance.yahoo.com

Q3 2023 PC Connection Inc Earnings Call

November 1, 2023 | finance.yahoo.com

PC Connection Inc (CNXN) Reports 10.3% Increase in Net Income for Q3 2023 Despite Sales Dip

November 1, 2023 | stocknews.com

3 Tech Stocks for a Stable Portfolio and Resilient Returns

November 1, 2023 | finance.yahoo.com

Connection (CNXN) Reports Third Quarter 2023 Results

October 18, 2023 | finance.yahoo.com

PC Connection, Inc. (CNXN) to Release Third Quarter Results for 2023

October 5, 2023 | finance.yahoo.com

PC Connection, Inc.'s (NASDAQ:CNXN) Intrinsic Value Is Potentially 20% Below Its Share Price

September 13, 2023 | finance.yahoo.com

PC Connection's (NASDAQ:CNXN) Returns On Capital Not Reflecting Well On The Business

September 11, 2023 | gurufocus.com

Insider Sell: Sr. VP, CFO & Treasurer Thomas Baker Sells 2,500 Shares of PC Connection Inc

August 25, 2023 | benzinga.com

PC Connection President & CEO Sold $1.88M In Company Stock

August 9, 2023 | finance.yahoo.com

Be Sure To Check Out PC Connection, Inc. (NASDAQ:CNXN) Before It Goes Ex-Dividend

August 4, 2023 | seekingalpha.com

PC Connection's Q2: Connecting Growth In An Uncertain Market

August 3, 2023 | finance.yahoo.com

Connection (CNXN) Reports Second Quarter 2023 Results

August 3, 2023 | finance.yahoo.com

PC Connection (CNXN) Q2 Earnings Top Estimates

August 3, 2023 | finance.yahoo.com

Connection Wins Two Microsoft Partner of the Year Awards

July 30, 2023 | finance.yahoo.com

PC Connection's (NASDAQ:CNXN) investors will be pleased with their decent 33% return over the last five years

See More Headlines

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Company Calendar

Last Earnings: 11/01/2023
Ex-Dividend for 12/1 Dividend: 11/13/2023
Dividend Payable: 12/01/2023
Today: 12/08/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/08/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Catalog & mail - order houses
Sub-Industry: Technology Distributors
Sector: Retail/Wholesale
Current Symbol: NASDAQ:CNXN
CUSIP: 69318J10
CIK: 1050377
Web: www.connection.com
Phone: 603-683-2000
Fax: 603-683-5797
Employees: 2,685
Year Founded: 1982

Profitability

EPS (Most Recent Fiscal Year): $2.97
Trailing P/E Ratio: 21.96
Forward P/E Ratio: 20.44
P/E Growth: 1.88
Net Income: $89.22 million
Net Margins: 2.71%
Pretax Margin: 3.66%
Return on Equity: 10.18%
Return on Assets: 7.04%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 3.06
Quick Ratio: 2.64

Sales & Book Value

Annual Sales: $2.89 billion
Price / Sales: 0.59
Cash Flow: $4.19 per share
Price / Cash Flow: 15.56
Book Value: $29.15 per share
Price / Book: 2.24

Miscellaneous

Outstanding Shares: 26,272,000
Free Float: 11,323,000
Market Cap: $1.71 billion
Optionable: Optionable
Beta: 0.68

Social Links

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Key Executives

Ms. Patricia Gallup (Age 64)
Co-Founder, Chairman, Chief Admin. Officer & Sec.
Mr. Timothy J. McGrath (Age 59)
Pres & CEO
Mr. Stephen P. Sarno (Age 51)
Sr. VP, CFO & Treasurer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CNXN Stock Analysis - Frequently Asked Questions

How have CNXN shares performed in 2023?: PC Connection's stock was trading at $46.90 on January 1st, 2023. Since then, CNXN stock has increased by 39.0% and is now trading at $65.21.
View the best growth stocks for 2023 here.
Are investors shorting PC Connection?: PC Connection saw a decrease in short interest in November. As of November 15th, there was short interest totaling 184,300 shares, a decrease of 17.0% from the October 31st total of 222,000 shares. Based on an average daily trading volume, of 57,100 shares, the days-to-cover ratio is presently 3.2 days. Currently, 1.6% of the shares of the stock are short sold.
View PC Connection's Short Interest.
When is PC Connection's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, February 8th 2024.
View our CNXN earnings forecast.
How were PC Connection's earnings last quarter?: PC Connection, Inc. (NASDAQ:CNXN) issued its quarterly earnings results on Wednesday, November, 1st. The company reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.16. The business had revenue of $693.09 million for the quarter, compared to analysts' expectations of $738.41 million. PC Connection had a trailing twelve-month return on equity of 10.18% and a net margin of 2.71%.
How often does PC Connection pay dividends? What is the dividend yield for PC Connection?: PC Connection announced a quarterly dividend on Wednesday, November 1st. Shareholders of record on Tuesday, November 14th will be paid a dividend of $0.08 per share on Friday, December 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Monday, November 13th.
Read our dividend analysis for CNXN.
Is PC Connection a good dividend stock?: PC Connection (NASDAQ:CNXN) pays an annual dividend of $0.32 per share and currently has a dividend yield of 0.50%. The dividend payout ratio is 10.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNXN will have a dividend payout ratio of 9.38% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CNXN.

What is Timothy McGrath's approval rating as PC Connection's CEO?: 194 employees have rated PC Connection Chief Executive Officer Timothy McGrath on Glassdoor.com. Timothy McGrath has an approval rating of 72% among the company's employees.
What other stocks do shareholders of PC Connection own?: Based on aggregate information from My MarketBeat watchlists, some companies that other PC Connection investors own include Cisco Systems (CSCO), NVIDIA (NVDA), Pfizer (PFE), AT&T (T), Verizon Communications (VZ), Bristol-Myers Squibb (BMY), Alphabet (GOOG), Johnson & Johnson (JNJ), Procter & Gamble (PG) and TD SYNNEX (SNX).
Who are PC Connection's major shareholders?: PC Connection's stock is owned by many different institutional and retail investors. Top institutional shareholders include Mawer Investment Management Ltd. (5.36%), Brown Advisory Inc. (1.50%), Charles Schwab Investment Management Inc. (0.87%), Invesco Ltd. (0.60%), AQR Capital Management LLC (0.42%) and Allspring Global Investments Holdings LLC (0.41%). Insiders that own company stock include Barbara Duckett, Jack L Ferguson, Negrini David Beffa, Patricia Gallup, Thomas C Baker and Timothy J Mcgrath.
View institutional ownership trends.
How do I buy shares of PC Connection?: Shares of CNXN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
Does PC Connection have any subsidiaries?: The following companies are subsidiares of PC Connection: ComTeq, GlobalServe, GlobalServe Inc., GovConnection, GovConnection Inc., Merisel Americas Inc., MoreDirect, MoreDirect Inc., Outpost.com, PC Connection Sales Corporation, Softmart, and ValCom Technology.
Read More

This page (NASDAQ:CNXN) was last updated on 12/9/2023 by MarketBeat.com Staff

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PC Connection Stock Price, News & Analysis (NASDAQ:CNXN)

PC Connection MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About PC Connection Stock (NASDAQ:CNXN)

CNXN Stock Price History

CNXN Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

CNXN Stock Analysis - Frequently Asked Questions

Overall MarketRank^™