PC Connection, Inc. (NASDAQ:CNXN)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $50.38 and last traded at $50.32, with a volume of 4106 shares changing hands. The stock had previously closed at $48.31.

A number of equities analysts have commented on the stock. Zacks Investment Research raised shares of PC Connection from a “hold” rating to a “strong-buy” rating and set a $56.00 price objective for the company in a research report on Friday, November 1st. BidaskClub raised shares of PC Connection from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 4th. ValuEngine cut shares of PC Connection from a “hold” rating to a “sell” rating in a research report on Wednesday, November 6th. Finally, Sidoti set a $47.00 price objective on shares of PC Connection and gave the stock a “buy” rating in a research report on Friday, October 25th.

The company has a debt-to-equity ratio of 0.02, a current ratio of 2.76 and a quick ratio of 2.27. The stock’s 50-day simple moving average is $41.88 and its 200 day simple moving average is $36.73. The stock has a market capitalization of $1.28 billion, a P/E ratio of 21.13, a PEG ratio of 2.00 and a beta of 1.12.

PC Connection (NASDAQ:CNXN) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.90 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.33. PC Connection had a net margin of 2.90% and a return on equity of 14.68%. The firm had revenue of $729.41 million during the quarter, compared to analysts’ expectations of $688.20 million. During the same period in the previous year, the business posted $0.51 earnings per share. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, analysts expect that PC Connection, Inc. will post 3.05 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the business. Assetmark Inc. boosted its position in shares of PC Connection by 30.4% in the second quarter. Assetmark Inc. now owns 2,294 shares of the company’s stock valued at $80,000 after acquiring an additional 535 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of PC Connection by 1,600.0% in the second quarter. Nisa Investment Advisors LLC now owns 4,250 shares of the company’s stock valued at $149,000 after acquiring an additional 4,000 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of PC Connection in the second quarter valued at about $207,000. Petrus Trust Company LTA bought a new stake in shares of PC Connection in the second quarter valued at about $347,000. Finally, Alberta Investment Management Corp boosted its position in shares of PC Connection by 108.6% in the second quarter. Alberta Investment Management Corp now owns 12,100 shares of the company’s stock valued at $423,000 after acquiring an additional 6,300 shares during the period. 41.18% of the stock is owned by hedge funds and other institutional investors.

PC Connection Company Profile (NASDAQ:CNXN)

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.

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