BidaskClub upgraded shares of PC Connection (NASDAQ:CNXN) from a sell rating to a hold rating in a research note issued to investors on Tuesday, BidAskClub reports.

CNXN has been the topic of a number of other research reports. Zacks Investment Research upgraded PC Connection from a hold rating to a buy rating and set a $40.00 target price on the stock in a research report on Tuesday, May 7th. Sidoti lowered PC Connection from a buy rating to a neutral rating and set a $40.00 target price on the stock. in a research report on Friday, February 15th. Finally, ValuEngine lowered PC Connection from a buy rating to a hold rating in a research report on Monday, April 1st. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $40.00.

Shares of NASDAQ CNXN opened at $32.98 on Tuesday. The company has a market capitalization of $869.59 million, a P/E ratio of 13.92, a PEG ratio of 1.65 and a beta of 1.14. PC Connection has a 52 week low of $27.04 and a 52 week high of $43.05. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.07 and a current ratio of 2.60.

PC Connection (NASDAQ:CNXN) last issued its earnings results on Thursday, May 2nd. The company reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.04. The firm had revenue of $632.92 million for the quarter, compared to analyst estimates of $647.08 million. PC Connection had a return on equity of 12.51% and a net margin of 2.44%. PC Connection’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.42 earnings per share. Sell-side analysts predict that PC Connection will post 2.5 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its holdings in PC Connection by 11.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,075 shares of the company’s stock valued at $91,000 after acquiring an additional 318 shares during the period. Metropolitan Life Insurance Co NY lifted its holdings in PC Connection by 9.4% in the first quarter. Metropolitan Life Insurance Co NY now owns 4,782 shares of the company’s stock valued at $48,000 after acquiring an additional 409 shares during the period. Legal & General Group Plc lifted its holdings in PC Connection by 23.6% in the fourth quarter. Legal & General Group Plc now owns 2,255 shares of the company’s stock valued at $67,000 after acquiring an additional 431 shares during the period. Victory Capital Management Inc. lifted its holdings in PC Connection by 4.1% in the fourth quarter. Victory Capital Management Inc. now owns 13,528 shares of the company’s stock valued at $402,000 after acquiring an additional 528 shares during the period. Finally, Citigroup Inc. lifted its holdings in PC Connection by 17.6% in the fourth quarter. Citigroup Inc. now owns 3,702 shares of the company’s stock valued at $110,000 after acquiring an additional 554 shares during the period. 41.16% of the stock is owned by institutional investors.

PC Connection Company Profile

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.

Read More: How Do You Calculate Return on Equity (ROE)?

Receive News & Ratings for PC Connection Daily - 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 MarketBeat.com's FREE daily email newsletter.