as a global it solutions provider, we connect people with technology that enhances growth, elevates productivity, and empowers innovation. founded in 1982, connection delivers valuable it services and advanced technology solutions to business, government, healthcare, and education markets. today, we serve our customers through our staff of highly trained account managers, our team of on-staff experts, and our efficient procurement websites. additionally, we deliver global procurement solutions through our network of 500 suppliers in 174 countries. twice recognized by forbes as one of “america’s most trustworthy companies,” our goal is to provide customers with the expert guidance, state-of-the-art tools, and exceptional service to solve their technology challenges. throughout our community, we strive to inspire success and increase the value of it investments. our values respect: we are united by one common vision. we work together to create a winning culture built upon mutual trust an
Company profile
Ticker
CNXN
Exchange
Website
CEO
Timothy McGrath
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
PC Connection Sales Corporation • GovConnection, Inc. • MoreDirect, Inc. • GlobalServe, Inc. ...
IRS number
20513618
CNXN stock data
Latest filings (excl ownership)
ARS
2023 FY
Annual report to shareholders
29 Mar 24
DEF 14A
Definitive proxy
29 Mar 24
10-K
2023 FY
Annual report
7 Mar 24
8-K
Results of Operations and Financial Condition
14 Feb 24
10-Q
2023 Q3
Quarterly report
1 Nov 23
8-K
Record Quarter for Net Income and Earnings per Share
1 Nov 23
S-8
Registration of securities for employees
3 Aug 23
10-Q
2023 Q2
Quarterly report
2 Aug 23
8-K
Record Second Quarter Margin Performance; Industry Demand Remains Challenged
2 Aug 23
8-K
Entry into a Material Definitive Agreement
13 Jun 23
Transcripts
CNXN
Earnings call transcript
2023 Q4
14 Feb 24
CNXN
Earnings call transcript
2023 Q3
1 Nov 23
CNXN
Earnings call transcript
2023 Q2
2 Aug 23
CNXN
Earnings call transcript
2023 Q2
2 Aug 23
CNXN
Earnings call transcript
2023 Q1
4 May 23
CNXN
Earnings call transcript
2022 Q4
9 Feb 23
CNXN
Earnings call transcript
2022 Q3
3 Nov 22
CNXN
Earnings call transcript
2022 Q2
6 Aug 22
CNXN
Earnings call transcript
2022 Q1
8 May 22
CNXN
Earnings call transcript
2021 Q4
8 Feb 22
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 240.51 mm | 240.51 mm | 240.51 mm | 240.51 mm | 240.51 mm | 240.51 mm |
Cash burn (monthly) | 1.16 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 7.67 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 232.83 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 201.1 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
68.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 123 |
Opened positions | 9 |
Closed positions | 12 |
Increased positions | 45 |
Reduced positions | 47 |
13F shares | Current |
---|---|
Total value | 588.74 bn |
Total shares | 18.01 mm |
Total puts | 0.00 |
Total calls | 6.60 k |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Gallup Patricia | 6.88 mm | $287.58 mm |
BLK Blackrock | 2.37 mm | $126.51 bn |
Dimensional Fund Advisors | 1.90 mm | $101.54 bn |
Mawer Investment Management | 1.41 mm | $75.18 bn |
Vanguard | 998.08 k | $53.28 bn |
STT State Street | 461.97 k | $24.66 bn |
Pacer Advisors | 407.52 k | $21.75 bn |
Brown Advisory | 393.19 k | $20.99 bn |
NTRS Northern Trust | 377.72 k | $20.16 bn |
Geode Capital Management | 278.82 k | $14.89 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Apr 24 | Mcgrath Timothy J | Common Stock | Payment of exercise | Dispose F | No | No | 65.53 | 3,680 | 241.15 k | 293,068 |
1 Apr 24 | Mcgrath Timothy J | Common Stock | Option exercise | Acquire M | No | No | 0 | 10,000 | 0.00 | 296,748 |
1 Apr 24 | Mcgrath Timothy J | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 10,000 | 0.00 | 30,000 |
14 Mar 24 | Gary Kinyon | RSU Common Stock | Grant | Acquire A | No | No | 0 | 2,500 | 0.00 | 2,500 |
14 Mar 24 | Duckett Barbara | RSU Common Stock | Grant | Acquire A | No | No | 0 | 2,500 | 0.00 | 2,500 |
14 Mar 24 | Jay E Bothwick | RSU Common Stock | Grant | Acquire A | No | No | 0 | 2,500 | 0.00 | 2,500 |
14 Mar 24 | Gallup Patricia | RSU Common Stock | Grant | Acquire A | No | No | 0 | 20,000 | 0.00 | 20,000 |
Press releases
PC Connection, Inc. (CNXN) to Release First Quarter Results for 2024
17 Apr 24
Connection Announces 2024 IT Superhero Awards
14 Mar 24
Connection Awarded on the Forbes America's Best Employers 2024 List
6 Mar 24
Connection (CNXN) Reports Fourth Quarter and Full Year 2023 Results
14 Feb 24
PC Connection, Inc. (CNXN) to Release Fourth Quarter and Full Year Results for 2023
31 Jan 24