PC Connection (NASDAQ:CNXN) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

Shares of PC Connection, Inc. (NASDAQ:CNXN) crossed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $86.77 and traded as high as $87.36. PC Connection shares last traded at $86.83, with a volume of 246,400 shares.

More PC Connection News

Here are the key news stories impacting PC Connection this week:

• Positive Sentiment: Q3 results substantially exceeded expectations. PC Connection reported earnings of $1.24 per share, up from $0.97 a year earlier and above the $1.04 consensus estimate. Revenue reached a record $874.31 million, well ahead of the $773.74 million analyst forecast, with demand for AI servers cited as a key growth driver. PC Connection Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: Sidoti raised several forward earnings forecasts. The firm increased its FY2026 EPS estimate to $4.38 from $4.08, FY2027 to $4.68 from $4.55, Q4 2026 to $1.06 from $1.00, and Q3 2027 to $1.25 from $1.17. Sidoti projects FY2028 EPS of $5.15, suggesting continued earnings growth if demand remains strong.
• Positive Sentiment: The quarterly dividend was maintained. PC Connection declared a $0.20-per-share dividend payable November 27 to shareholders of record November 10, equivalent to $0.80 annually and a yield of approximately 0.9%. PC Connection Declares Quarterly Dividend
• Negative Sentiment: The earnings beat has not fully resolved cash-flow concerns. A market report noted that investors continue to question the company’s cash position and cash generation, limiting the stock’s reaction despite record sales and stronger-than-expected profit. PC Connection Stock Shrugs Off Q3 Earnings Beat As Cash Questions Linger

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Weiss Ratings raised shares of PC Connection from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Zacks Research downgraded shares of PC Connection from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

PC Connection Stock Up 1.4%

The firm has a market capitalization of $2.19 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 1.95 and a beta of 0.81. The business’s 50-day moving average price is $86.77 and its 200-day moving average price is $72.32.

PC Connection (NASDAQ:CNXN) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.20. PC Connection had a net margin of 3.25% and a return on equity of 11.38%. The firm had revenue of $874.31 million for the quarter, compared to the consensus estimate of $773.74 million. On average, analysts anticipate that PC Connection, Inc. will post 4.46 EPS for the current fiscal year.

PC Connection Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Tuesday, November 10th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.9%. PC Connection’s dividend payout ratio is 19.75%.

Insider Activity at PC Connection

In other news, Director David Beffa-Negrini sold 5,000 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $81.05, for a total transaction of $405,250.00. Following the transaction, the director owned 60,875 shares in the company, valued at $4,933,918.75. This represents a 7.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Patricia Gallup sold 8,004 shares of the company’s stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $86.57, for a total value of $692,906.28. Following the sale, the chairman directly owned 6,906,383 shares of the company’s stock, valued at $597,885,576.31. The trade was a 0.12% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 62,136 shares of company stock worth $5,312,310. Insiders own 56.60% of the company’s stock.

Institutional Trading of PC Connection

A number of hedge funds have recently modified their holdings of CNXN. USA Financial Formulas bought a new stake in PC Connection in the third quarter valued at about $27,000. Parallel Advisors LLC lifted its position in PC Connection by 200.4% during the 1st quarter. Parallel Advisors LLC now owns 709 shares of the company’s stock worth $41,000 after buying an additional 473 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in PC Connection during the 1st quarter worth $44,000. Signaturefd LLC raised its holdings in PC Connection by 505.4% during the 3rd quarter. Signaturefd LLC now owns 1,011 shares of the company’s stock worth $91,000 after purchasing an additional 844 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in PC Connection by 53.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,683 shares of the company’s stock worth $242,000 after acquiring an additional 929 shares during the period. Institutional investors own 42.85% of the company’s stock.

PC Connection Company Profile

PC Connection, Inc is an information technology solutions provider that supplies technology products, services and expertise to businesses, government agencies, educational institutions and other organizations. The company helps customers plan, acquire, deploy and manage IT environments across workplace, data center, networking, security and cloud infrastructure.

Its offerings include computers, servers, storage systems, networking equipment, software, peripherals and related technology accessories.