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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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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