Posted by <span itemprop="author" itemscope itemtype="https://schema.org/Person"><span itemprop="name"><a href="https://www.defenseworld.net/author/admin" title="Posts by admin" rel="author">admin</a></span></span> on <span itemprop="datePublished dateModified" content="2022-05-10T08:54:41+0000">May 10th, 2022</span> <br><a href='https://www.marketbeat.com/logos/pc-connection-inc-logo.png'><img height="150" width="250" src='https://axxess.ar/wp-content/uploads/2022/05/pc-connection-inc-logo.png' alt='PC Connection, Inc. logo' title='PC Connection, Inc. logo' class='companylogo size-full' /></a><a style='font-weight:bold' href='https://www.zacks.com/registration/premium/login/?adid=AMERBMN_CONTENT_ZER'>Zacks Investment Research</a> upgraded shares of <span style='font-weight:italic'>PC Connection (<a href='https://www.marketbeat.com/stocks/NASDAQ/CNXN/'>NASDAQ:CNXN</a> – <a style='font-weight:normal;text-decoration:italic;color:green' href='https://report.stocknews.com/sign-up/ticker/?ticker=CNXN&lead_source=marketbeat_snra&utm_source=marketbeat_snra&utm_medium=article&utm_campaign=ticker&utm_term=CNXN&utm_content=text_link'>Get Rating</a>)</span> from a hold rating to a strong-buy rating in a research note released on Monday morning, <a href="http://www.zacks.com//" target="_blank" rel="noopener">Zacks.com</a> reports. <a style='font-weight:bold' href='https://www.zacks.com/registration/premium/login/?adid=AMERBMN_CONTENT_ZER'>Zacks Investment Research</a> currently has $55.00 price target on the stock. <br>According to Zacks, “PC Connection, Inc. is a direct marketer of brand-name personal computers and related peripherals, software, and networking products to business, education, government, and consumer end users located primarily in the United States. “<br>A number of other equities analysts also recently commented on CNXN. Sidoti raised shares of PC Connection from a neutral rating to a buy rating and set a $55.00 price objective for the company in a report on Monday, January 24th. <a style='font-weight:bold' href='https://report.stocknews.com/sign-up/ticker/?ticker=CNXN&lead_source=marketbeat_snra&utm_source=marketbeat_snra&utm_medium=article&utm_campaign=ticker&utm_term=CNXN&utm_content=text_link'>StockNews.com</a> began coverage on shares of PC Connection in a report on Thursday, March 31st. They set a strong-buy rating for the company.<br> <div class="in-article-ad"> <iframe src="https://marketbeat.com/scripts/336x280AdNewsSites.ashx" width="336" height="280" frameborder="no" title="Offer"></iframe> </div> <a href='https://www.marketbeat.com/stocks/NASDAQ/CNXN/price-target/' target='_blank' rel="noopener">NASDAQ CNXN</a> opened at $47.65 on Monday. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 15.37 and a beta of 0.65. The stock has a fifty day moving average of $51.48. PC Connection has a 52-week low of $40.08 and a 52-week high of $54.79. <br>PC Connection (<a href='https://www.marketbeat.com/stocks/NASDAQ/CNXN/'>NASDAQ:CNXN</a> – <a style='font-weight:normal;text-decoration:italic;color:green' href='https://report.stocknews.com/sign-up/ticker/?ticker=CNXN&lead_source=marketbeat_snra&utm_source=marketbeat_snra&utm_medium=article&utm_campaign=ticker&utm_term=CNXN&utm_content=text_link'>Get Rating</a>) last released its quarterly earnings data on Thursday, May 5th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.19. PC Connection had a net margin of 2.68% and a return on equity of 12.02%. During the same quarter in the prior year, the business posted $0.39 earnings per share. Equities research analysts forecast that PC Connection will post 3.2 earnings per share for the current year. <br>In related news, Chairman <a target='_blank' rel="noopener" href='https://www.insidertrades.com/pc-connection-inc-stock/patricia-gallup/'>Patricia Gallup</a> sold 2,700 shares of the stock in a transaction that occurred on Wednesday, April 13th. The stock was sold at an average price of $52.65, for a total transaction of $142,155.00. Following the sale, the chairman now directly owns 7,165,345 shares in the company, valued at approximately $377,255,414.25. The transaction was disclosed in a filing with the SEC, which can be accessed through <a href="https://www.sec.gov/Archives/edgar/data/1050377/000156218022003414/xslF345X03/primarydocument.xml" target='_blank' rel="noopener">this hyperlink</a>. Insiders sold 22,387 shares of company stock valued at $1,127,632 in the last quarter. 58.00% of the stock is currently owned by corporate insiders. <br>Several hedge funds have recently made changes to their positions in CNXN. Goldman Sachs Group Inc. raised its holdings in shares of PC Connection by 570.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 213,333 shares of the company’s stock valued at $9,201,000 after buying an additional 181,529 shares during the last quarter. Invesco Ltd. grew its holdings in PC Connection by 95.1% during the 3rd quarter. Invesco Ltd. now owns 313,512 shares of the company’s stock worth $13,804,000 after acquiring an additional 152,809 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in PC Connection in the 4th quarter valued at about $4,044,000. Mawer Investment Management Ltd. raised its stake in shares of PC Connection by 4.2% in the first quarter. Mawer Investment Management Ltd. now owns 1,976,093 shares of the company’s stock worth $103,528,000 after acquiring an additional 78,958 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of PC Connection by 186.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 72,750 shares of the company’s stock worth $3,138,000 after purchasing an additional 47,393 shares in the last quarter. Institutional investors own 41.32% of the company’s stock. <br><strong>About PC Connection</strong> (<a style='font-weight:normal;text-decoration:italic;color:green' href='https://report.stocknews.com/sign-up/ticker/?ticker=CNXN&lead_source=marketbeat_snra&utm_source=marketbeat_snra&utm_medium=article&utm_campaign=ticker&utm_term=CNXN&utm_content=text_link'>Get Rating</a>)<br>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.<br><strong>Recommended Stories</strong><br><!--ViewCount:ArticleHistoryID=89059229&PostDate=2022-5-10&type=a&secondary=1&id=1761655--><br><a href="https://www.zacks.com/registration/pfp/?ALERT=ZER_LINK&ADID=AMERBMN_CONTENT_ZER&skip_rpt_name_check=skip_rpt_name_check&t=CNXN">Get a free copy of the Zacks research report on PC Connection (CNXN)</a><br>For more information about research offerings from Zacks Investment Research, visit <a href="http://www.americanconsumernews.net/scripts/click.aspx?Zacks=1">Zacks.com</a><!--Keyword: PC Connection,NASDAQ:CNXN,CNXN,Retail/Wholesale,69318J10,Upgrade,Zacks Investment Research--><!--Ratings:4,1,NASDAQ:CNXN--><br><strong>Receive News & Ratings for PC Connection Daily</strong> - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PC Connection and related companies with <a href="/daily-email-updates-basic/?symbol=NASDAQ:CNXN&c=PC+Connection" rel="nofollow" style="text-decoration:underline;font-weight:bold">MarketBeat.com's FREE daily email newsletter</a>.<br>New Oriental Education & Technology Group (NYSE:EDU) Downgraded by Zacks Investment Research to “Sell”<br>Central Garden & Pet (NASDAQ:CENTA) Upgraded by Zacks Investment Research to “Buy”<br><br><a href="https://www.defenseworld.net/2022/05/10/pc-connection-nasdaqcnxn-lifted-to-strong-buy-at-zacks-investment-research.html">source</a>
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