PC Connection, Inc. (NASDAQ:CNXN) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Several other equities analysts have also commented on CNXN. Roth Capital set a $33.00 target price on shares of PC Connection and gave the company a “buy” rating in a report on Friday, July 28th. Zacks Investment Research raised shares of PC Connection from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Monday, July 31st.

PC Connection (NASDAQ CNXN) traded down $0.30 during mid-day trading on Friday, hitting $25.85. 30,183 shares of the company traded hands, compared to its average volume of 47,619. PC Connection has a 52 week low of $23.52 and a 52 week high of $30.48. The company has a market cap of $703.65, a price-to-earnings ratio of 14.34, a P/E/G ratio of 1.81 and a beta of 1.60.

PC Connection (NASDAQ:CNXN) last released its earnings results on Thursday, October 26th. The company reported $0.49 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.49. PC Connection had a net margin of 1.63% and a return on equity of 11.00%. The company had revenue of $729.23 million for the quarter, compared to analyst estimates of $727.84 million. During the same quarter last year, the firm earned $0.53 EPS. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. analysts anticipate that PC Connection will post 1.81 EPS for the current year.

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In related news, Director Negrini David Beffa sold 20,000 shares of the stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $26.00, for a total transaction of $520,000.00. Following the transaction, the director now owns 129,800 shares of the company’s stock, valued at approximately $3,374,800. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 57.30% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the business. Rhumbline Advisers grew its holdings in PC Connection by 1.5% in the 2nd quarter. Rhumbline Advisers now owns 13,774 shares of the company’s stock worth $373,000 after acquiring an additional 205 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in PC Connection by 0.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 59,671 shares of the company’s stock worth $1,615,000 after acquiring an additional 394 shares during the last quarter. Bessemer Group Inc. grew its holdings in PC Connection by 2.5% in the 2nd quarter. Bessemer Group Inc. now owns 24,900 shares of the company’s stock worth $674,000 after acquiring an additional 600 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in PC Connection by 8.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,874 shares of the company’s stock worth $268,000 after acquiring an additional 790 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in PC Connection by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 6,892 shares of the company’s stock worth $186,000 after acquiring an additional 1,033 shares during the last quarter. 41.44% of the stock is currently owned by institutional investors and hedge funds.

About PC Connection

PC Connection, Inc is a provider of a range of information technology (IT) solutions. The Company conducts its business operations through three business segments: small- to medium-sized businesses (SMB), Large Account and Public Sector. The Company enables customers to design, enable, manage and service their IT environments.

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