PC CONNECTION, INC.
At today's price, PC CONNECTION, INC. (CNXN) is priced for +11.4% growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
PC Connection carries about $411 million of net cash and zero debt against a market value in the low billions, an unusually clean balance sheet for an IT reseller and a sign management is comfortable running the business without leverage. The operating model is thin-margin distribution: gross margin near 18% of net sales, an operating margin around 3.6%, a trailing return on equity (about 9.5%) that just clears the cost of equity, and book value near $36 per share against a $70.52 price. The pr
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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: 2026-05-13 (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); 2025-07-30 (items 2.02, 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 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.