Douglas E. Eckrote Sells 10,000 Shares of CDW (CDW) Stock

CDW (NASDAQ:CDW) insider Douglas E. Eckrote sold 10,000 shares of the firm’s stock in a transaction on Friday, February 8th. The stock was sold at an average price of $89.49, for a total transaction of $894,900.00. Following the completion of the transaction, the insider now directly owns 152,765 shares of the company’s stock, valued at approximately $13,670,939.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

NASDAQ CDW opened at $92.71 on Thursday. The firm has a market capitalization of $13.88 billion, a price-to-earnings ratio of 18.18 and a beta of 1.05. CDW has a 12-month low of $67.44 and a 12-month high of $96.75. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.41 and a quick ratio of 1.24.

CDW (NASDAQ:CDW) last posted its quarterly earnings results on Thursday, February 7th. The information technology services provider reported $1.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.11. The business had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.04 billion. CDW had a net margin of 3.96% and a return on equity of 72.89%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the company posted $0.99 earnings per share. As a group, equities analysts anticipate that CDW will post 5.3 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 12th. Stockholders of record on Monday, February 25th will be paid a $0.295 dividend. The ex-dividend date is Friday, February 22nd. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.27%. CDW’s payout ratio is currently 23.14%.

A number of research analysts have issued reports on the stock. ValuEngine raised shares of CDW from a “hold” rating to a “buy” rating in a report on Wednesday. BidaskClub cut shares of CDW from a “buy” rating to a “hold” rating in a report on Wednesday, January 16th. Finally, Zacks Investment Research cut shares of CDW from a “buy” rating to a “hold” rating in a report on Tuesday, January 1st. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $91.50.

Large investors have recently added to or reduced their stakes in the company. Ffcm LLC acquired a new stake in shares of CDW in the fourth quarter worth $28,000. Bremer Trust National Association acquired a new stake in shares of CDW in the fourth quarter worth $82,000. Riverview Trust Co acquired a new stake in shares of CDW in the fourth quarter worth $89,000. Bessemer Group Inc. increased its stake in shares of CDW by 149.5% in the third quarter. Bessemer Group Inc. now owns 1,295 shares of the information technology services provider’s stock worth $115,000 after acquiring an additional 776 shares during the period. Finally, Synovus Financial Corp increased its stake in shares of CDW by 62.1% in the third quarter. Synovus Financial Corp now owns 1,470 shares of the information technology services provider’s stock worth $131,000 after acquiring an additional 563 shares during the period. Hedge funds and other institutional investors own 90.04% of the company’s stock.

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About CDW

CDW Corporation provides integrated information technology (IT) solutions to business, government, education, and healthcare customers in the United States, Canada, and the United Kingdom. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products, as well as integrated IT solutions, including mobility, security, data center optimization, cloud computing, virtualization, and collaboration.

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