PC CONNECTION, INC.
In the published model solve dated 2026-Q2, anchored at $79.67, PC CONNECTION, INC. (CNXN) is priced for +7.0% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• Nothing here is manufactured: the company resells and configures other people's technology, offering ⟦over 460,000 IT products designed for business applications from more than 1,600 vendors⟧, and turns about 2.89 billion dollars of annual sales into a 3.3% operating margin. • The sharpest risk is who signs the cheques, because discretionary corporate technology budgets and public-sector appropriations both contract at the same time, and the 10-K records exactly that happening when customers ⟦
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177 institutional managers reported holding CNXN in 13F filings for the quarter ended 2026-03-31. Together they hold about 41% of the company; the top 10 hold 27%. 23 opened new positions that quarter. Held by BlackRock, Dimensional Fund Advisors, Vanguard Group, among others. On the short side, 465k shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (3.2 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
CNXN has cut its share count 3.8% over the past five years, spending $97.28M on repurchases. It pays a dividend, and has for 3 years running, raised 2 years straight; the current rate is $0.34 a share annually. Cash returned over the past three years: $35.07M in dividends and $91.89M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at CNXN over the trailing three years. Absence is a fact about the company, not a signal. 8 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
CNXN's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-03 | +5.5% | +2.6% |
| 2023-11-02 | +5.3% | +14.1% |
| 2024-03-08 | +8.5% | -0.8% |
| 2024-05-02 | -4.3% | +7.4% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
CNXN's latest 8-K filings: 2026-07-29 (items 2.02, 7.01, 9.01); 2026-05-13 (items 5.07); 2026-04-29 (items 2.02, 7.01, 9.01); 2026-02-04 (items 2.02, 7.01, 9.01); 2025-10-29 (items 2.02, 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.