CDW (CDW) Insider Matthew A. Troka Sells 6,139 Shares

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CDW (NASDAQ:CDW) insider Matthew A. Troka sold 6,139 shares of the company’s stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $91.99, for a total transaction of $564,726.61. Following the completion of the sale, the insider now directly owns 61,974 shares in the company, valued at approximately $5,700,988.26. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of CDW traded down $4.06 during trading hours on Friday, hitting $91.48. The stock had a trading volume of 1,665,360 shares, compared to its average volume of 948,769. The company has a debt-to-equity ratio of 2.75, a quick ratio of 1.24 and a current ratio of 1.41. CDW has a 52 week low of $66.88 and a 52 week high of $96.75. The firm has a market cap of $14.33 billion, a price-to-earnings ratio of 23.58 and a beta of 1.03.

CDW (NASDAQ:CDW) last issued its quarterly earnings results on Wednesday, October 31st. The information technology services provider reported $1.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.08. The business had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.24 billion. CDW had a net margin of 4.24% and a return on equity of 70.39%. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.08 EPS. As a group, sell-side analysts anticipate that CDW will post 4.88 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Monday, November 26th will be given a dividend of $0.295 per share. This is an increase from CDW’s previous quarterly dividend of $0.21. The ex-dividend date is Friday, November 23rd. This represents a $1.18 annualized dividend and a yield of 1.29%. CDW’s dividend payout ratio is 30.41%.

CDW has been the topic of several analyst reports. ValuEngine raised shares of CDW from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. Zacks Investment Research raised shares of CDW from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a report on Tuesday, October 23rd. Finally, BidaskClub raised shares of CDW from a “hold” rating to a “buy” rating in a report on Wednesday, October 17th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. CDW has an average rating of “Buy” and an average price target of $88.63.

A number of hedge funds and other institutional investors have recently modified their holdings of CDW. Select Equity Group L.P. lifted its position in CDW by 119.4% during the 3rd quarter. Select Equity Group L.P. now owns 1,687,683 shares of the information technology services provider’s stock worth $150,069,000 after buying an additional 918,485 shares in the last quarter. Panagora Asset Management Inc. lifted its position in CDW by 19,305.5% during the 3rd quarter. Panagora Asset Management Inc. now owns 536,369 shares of the information technology services provider’s stock worth $47,694,000 after buying an additional 533,605 shares in the last quarter. AQR Capital Management LLC lifted its position in CDW by 16.9% during the 3rd quarter. AQR Capital Management LLC now owns 2,143,983 shares of the information technology services provider’s stock worth $190,643,000 after buying an additional 310,352 shares in the last quarter. Prudential Financial Inc. lifted its position in CDW by 99.3% during the 3rd quarter. Prudential Financial Inc. now owns 421,629 shares of the information technology services provider’s stock worth $37,491,000 after buying an additional 210,100 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in CDW by 8.5% during the 3rd quarter. American Century Companies Inc. now owns 2,401,828 shares of the information technology services provider’s stock worth $213,571,000 after buying an additional 187,467 shares in the last quarter. Institutional investors and hedge funds own 89.85% 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.

Read More: Rule of 72

Insider Buying and Selling by Quarter for CDW (NASDAQ:CDW)

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