What is Sidoti Csr's Forecast for PC Connection Q1 Earnings?

PC Connection, Inc. (NASDAQ:CNXN - Free Report) - Stock analysts at Sidoti Csr reduced their Q1 2025 earnings estimates for PC Connection in a research note issued on Thursday, October 31st. Sidoti Csr analyst A. Lebiedzinski now forecasts that the company will earn $0.61 per share for the quarter, down from their previous estimate of $0.66. The consensus estimate for PC Connection's current full-year earnings is $3.50 per share. Sidoti Csr also issued estimates for PC Connection's Q4 2025 earnings at $1.06 EPS.

Separately, StockNews.com upgraded PC Connection from a "buy" rating to a "strong-buy" rating in a research report on Thursday, August 29th.

PC Connection Stock Up 3.8 %

Shares of CNXN traded up $2.48 during mid-day trading on Monday, hitting $67.36. 115,264 shares of the company's stock were exchanged, compared to its average volume of 80,680. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 19.03, a price-to-earnings-growth ratio of 1.82 and a beta of 0.63. The stock's 50-day simple moving average is $72.18 and its 200-day simple moving average is $68.22. PC Connection has a 52 week low of $57.47 and a 52 week high of $77.19.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CNXN. BNP Paribas Financial Markets raised its stake in shares of PC Connection by 23.9% during the first quarter. BNP Paribas Financial Markets now owns 8,767 shares of the company's stock valued at $578,000 after acquiring an additional 1,692 shares during the last quarter. SG Americas Securities LLC acquired a new position in PC Connection during the 1st quarter worth about $1,701,000. Illinois Municipal Retirement Fund increased its stake in shares of PC Connection by 3.4% in the first quarter. Illinois Municipal Retirement Fund now owns 6,491 shares of the company's stock valued at $428,000 after buying an additional 211 shares during the period. Vanguard Group Inc. raised its position in shares of PC Connection by 1.4% during the first quarter. Vanguard Group Inc. now owns 1,040,881 shares of the company's stock worth $68,625,000 after acquiring an additional 14,838 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of PC Connection in the first quarter worth approximately $281,000. Institutional investors and hedge funds own 42.85% of the company's stock.

Insider Activity at PC Connection

In related news, CEO Timothy J. Mcgrath sold 15,377 shares of the company's stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $70.18, for a total transaction of $1,079,157.86. Following the completion of the sale, the chief executive officer now directly owns 277,691 shares in the company, valued at $19,488,354.38. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 56.90% of the stock is currently owned by insiders.

PC Connection Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Tuesday, November 12th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Tuesday, November 12th. PC Connection's dividend payout ratio (DPR) is presently 11.73%.

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.