Sidoti Csr Brokers Cut Earnings Estimates for PC Connection

PC Connection, Inc. (NASDAQ:CNXN - Free Report) - Equities research analysts at Sidoti Csr cut their FY2025 EPS estimates for shares of PC Connection in a note issued to investors on Wednesday, January 29th. Sidoti Csr analyst A. Lebiedzinski now forecasts that the company will earn $3.70 per share for the year, down from their previous estimate of $3.87. The consensus estimate for PC Connection's current full-year earnings is $3.37 per share.

Separately, StockNews.com upgraded PC Connection from a "hold" rating to a "buy" rating in a report on Thursday, November 28th.

PC Connection Stock Performance

Shares of NASDAQ CNXN traded up $0.44 during midday trading on Friday, hitting $72.88. 44,341 shares of the company traded hands, compared to its average volume of 64,418. PC Connection has a 12-month low of $57.47 and a 12-month high of $77.19. The stock has a 50-day moving average price of $71.71 and a 200 day moving average price of $71.37. The firm has a market cap of $1.92 billion, a P/E ratio of 21.37, a P/E/G ratio of 2.07 and a beta of 0.67.

Insider Buying and Selling at PC Connection

In other PC Connection news, Director Negrini David Beffa sold 5,000 shares of PC Connection stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $70.00, for a total transaction of $350,000.00. Following the completion of the transaction, the director now owns 71,750 shares in the company, valued at approximately $5,022,500. The trade was a 6.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 56.50% of the company's stock.

Hedge Funds Weigh In On PC Connection

Large investors have recently modified their holdings of the stock. Victory Capital Management Inc. raised its holdings in PC Connection by 27.5% in the third quarter. Victory Capital Management Inc. now owns 47,772 shares of the company's stock worth $3,603,000 after buying an additional 10,314 shares during the last quarter. GSA Capital Partners LLP purchased a new position in PC Connection in the 3rd quarter worth approximately $591,000. Geode Capital Management LLC lifted its position in PC Connection by 7.2% in the 3rd quarter. Geode Capital Management LLC now owns 346,130 shares of the company's stock valued at $26,113,000 after acquiring an additional 23,358 shares in the last quarter. Millennium Management LLC lifted its position in PC Connection by 108.0% in the 2nd quarter. Millennium Management LLC now owns 64,774 shares of the company's stock valued at $4,158,000 after acquiring an additional 33,626 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in shares of PC Connection by 195.9% in the third quarter. Jane Street Group LLC now owns 24,040 shares of the company's stock worth $1,813,000 after purchasing an additional 15,916 shares during the last quarter. Hedge funds and other institutional investors own 42.85% of the company's stock.

PC Connection Company Profile

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.