Roth Capital set a $33.00 target price on PC Connection, Inc. (NASDAQ:CNXN) in a research report sent to investors on Friday. The firm currently has a buy rating on the stock.

Separately, Zacks Investment Research upgraded PC Connection from a strong sell rating to a hold rating in a research note on Tuesday, June 20th.

Shares of PC Connection (NASDAQ:CNXN) traded down 0.89% on Friday, reaching $25.57. The company had a trading volume of 10,181 shares. The firm’s 50 day moving average is $26.46 and its 200 day moving average is $27.45. The firm has a market capitalization of $684.87 million, a PE ratio of 14.45 and a beta of 1.64. PC Connection has a 12 month low of $22.31 and a 12 month high of $30.48.

PC Connection (NASDAQ:CNXN) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.03. The business had revenue of $749.79 million for the quarter, compared to analysts’ expectations of $733.18 million. PC Connection had a return on equity of 11.53% and a net margin of 1.66%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period last year, the firm earned $0.49 earnings per share. On average, equities research analysts expect that PC Connection will post $1.93 earnings per share for the current fiscal year.

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A number of hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP acquired a new stake in PC Connection during the first quarter worth $66,560,000. Royce & Associates LP acquired a new stake in PC Connection during the first quarter worth $55,730,000. Vanguard Group Inc. acquired a new stake in PC Connection during the first quarter worth $14,873,000. Tributary Capital Management LLC boosted its stake in PC Connection by 68.2% in the second quarter. Tributary Capital Management LLC now owns 385,128 shares of the company’s stock worth $10,422,000 after buying an additional 156,106 shares in the last quarter. Finally, Fenimore Asset Management Inc. acquired a new stake in PC Connection during the first quarter worth $9,492,000. Institutional investors own 41.28% of the company’s stock.

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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