CDW (NASDAQ:CDW) insider Christina M. Corley sold 3,567 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $96.70, for a total value of $344,928.90. Following the transaction, the insider now directly owns 643,052 shares in the company, valued at approximately $62,183,128.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
NASDAQ CDW traded up $1.20 on Friday, reaching $97.82. The stock had a trading volume of 1,238,372 shares, compared to its average volume of 879,343. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.35 and a quick ratio of 1.19. CDW has a 1-year low of $67.44 and a 1-year high of $97.82. The firm has a market cap of $14.21 billion, a price-to-earnings ratio of 19.18 and a beta of 1.05.
CDW (NASDAQ:CDW) last issued its quarterly earnings data on Thursday, February 7th. The information technology services provider reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.11. CDW had a return on equity of 74.63% and a net margin of 3.96%. The firm had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.04 billion. During the same period in the prior year, the firm posted $0.99 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities analysts anticipate that CDW will post 5.43 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 25th were issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Friday, February 22nd. CDW’s dividend payout ratio is 23.14%.
A number of research firms recently weighed in on CDW. BidaskClub raised CDW from a “hold” rating to a “buy” rating in a report on Friday. ValuEngine raised CDW from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. Finally, Zacks Investment Research lowered CDW from a “buy” rating to a “hold” rating in a report on Tuesday, January 1st. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $93.20.
A number of hedge funds and other institutional investors have recently modified their holdings of CDW. Bank of New York Mellon Corp lifted its position in shares of CDW by 7.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 868,395 shares of the information technology services provider’s stock valued at $70,158,000 after acquiring an additional 59,184 shares during the period. Russell Investments Group Ltd. lifted its position in shares of CDW by 18.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 18,193 shares of the information technology services provider’s stock valued at $1,615,000 after acquiring an additional 2,831 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in shares of CDW by 73.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 59,128 shares of the information technology services provider’s stock valued at $5,257,000 after acquiring an additional 25,037 shares during the period. Bessemer Group Inc. lifted its position in shares of CDW by 149.5% during the 3rd quarter. Bessemer Group Inc. now owns 1,295 shares of the information technology services provider’s stock valued at $115,000 after acquiring an additional 776 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of CDW by 2.2% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 483,333 shares of the information technology services provider’s stock valued at $42,978,000 after acquiring an additional 10,430 shares during the period. 89.10% of the stock is currently owned by hedge funds and other institutional investors.
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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