PC Connection - CNXN Stock Forecast, Price & News

PC Connection's stock was trading at $46.90 at the start of the year. Since then, CNXN shares have decreased by 6.1% and is now trading at $44.02.
View the best growth stocks for 2023 here.

PC Connection saw a decline in short interest during the month of March. As of March 15th, there was short interest totaling 216,200 shares, a decline of 19.6% from the February 28th total of 268,800 shares. Based on an average trading volume of 64,300 shares, the days-to-cover ratio is currently 3.4 days. Currently, 1.9% of the shares of the stock are sold short.
View PC Connection's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our CNXN earnings forecast.

PC Connection, Inc. (NASDAQ:CNXN) released its quarterly earnings data on Thursday, November, 4th. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.05. The company had revenue of $751.37 million for the quarter, compared to analysts' expectations of $725.17 million. PC Connection had a trailing twelve-month return on equity of 12.06% and a net margin of 2.86%. During the same quarter last year, the firm earned $0.64 earnings per share.

PC Connection announced a quarterly dividend on Thursday, February 9th. Shareholders of record on Tuesday, February 21st will be paid a dividend of $0.08 per share on Friday, March 10th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, February 17th.
Read our dividend analysis for CNXN.

ETFs with the largest weight of PC Connection (NASDAQ:CNXN) stock in their portfolio include Roundhill Acquirers Deep Value ETF (DEEP), Invesco S&P SmallCap Value with Momentum ETF (XSVM), Invesco S&P SmallCap Information Technology ETF (PSCT), Invesco S&P SmallCap 600 Pure Value ETF (RZV), Invesco S&P SmallCap 600 Revenue ETF (RWJ), First Trust Active Factor Small Cap ETF (AFSM), Timothy Plan US Small Cap Core ETF (TPSC) and VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF).

PC Connection (NASDAQ:CNXN) pays an annual dividend of $0.32 per share and currently has a dividend yield of 0.74%. The dividend payout ratio is 9.47%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNXN will have a dividend payout ratio of 8.36% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CNXN.

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.

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).

PC Connection trades on the NASDAQ under the ticker symbol "CNXN."

PC Connection's stock is owned by a number of retail and institutional investors. Top institutional investors include Mawer Investment Management Ltd. (7.53%), Dimensional Fund Advisors LP (7.05%), Geode Capital Management LLC (0.89%), Charles Schwab Investment Management Inc. (0.81%), Brown Advisory Inc. (0.61%) and Morgan Stanley (0.45%). Insiders that own company stock include Barbara Duckett, Jack L Ferguson, Negrini David Beffa, Patricia Gallup and Timothy J Mcgrath.
View institutional ownership trends.

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.
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One share of CNXN stock can currently be purchased for approximately $44.02.

PC Connection (NASDAQ:CNXN) has a market capitalization of $1.16 billion and generates $3.13 billion in revenue each year. The company earns $89.22 million in net income (profit) each year or $3.38 on an earnings per share basis.

The company employs 2,685 workers across the globe.

PC Connection's mailing address is 730 MILFORD RD, MERRIMACK NH, 03054. The official website for the company is www.connection.com. The company can be reached via phone at 603-683-2000, via email at ir@connection.com, or via fax at 603-683-5797.