Christine A. Leahy Acquires 1,200 Shares of CDW Co. (NASDAQ:CDW) Stock

CDW Co. (NASDAQ:CDW) insider Christine A. Leahy bought 1,200 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were acquired at an average price of $216.15 per share, with a total value of $259,380.00. Following the completion of the transaction, the insider now owns 102,200 shares of the company’s stock, valued at approximately $22,090,530. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

CDW Trading Up 0.9 %

CDW stock opened at $208.45 on Wednesday. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market cap of $28.02 billion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 3.17 and a beta of 1.04. The stock has a 50-day moving average of $224.46 and a two-hundred day moving average of $234.08. CDW Co. has a one year low of $185.04 and a one year high of $263.37.

CDW (NASDAQ:CDW) last announced its quarterly earnings data on Wednesday, July 31st. The information technology services provider reported $2.34 EPS for the quarter, missing the consensus estimate of $2.39 by ($0.05). The company had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.43 billion. CDW had a net margin of 5.29% and a return on equity of 62.22%. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.43 earnings per share. On average, research analysts anticipate that CDW Co. will post 9.6 EPS for the current fiscal year.

CDW Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 26th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Monday, August 26th. This represents a $2.48 annualized dividend and a yield of 1.19%. CDW’s dividend payout ratio (DPR) is presently 30.96%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tsfg LLC acquired a new position in shares of CDW in the 1st quarter valued at $26,000. Larson Financial Group LLC acquired a new stake in CDW in the 4th quarter worth about $30,000. Rise Advisors LLC purchased a new stake in shares of CDW during the first quarter worth approximately $34,000. ORG Partners LLC acquired a new stake in shares of CDW in the second quarter valued at about $34,000. Finally, Quest Partners LLC acquired a new stake in CDW in the 2nd quarter valued at about $35,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CDW has been the subject of several research analyst reports. Barclays decreased their price target on shares of CDW from $232.00 to $229.00 and set an “equal weight” rating for the company in a research note on Thursday, August 1st. Citigroup lowered their price target on shares of CDW from $295.00 to $260.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Northcoast Research raised shares of CDW from a “neutral” rating to a “buy” rating and set a $270.00 price objective on the stock in a report on Friday, June 7th. JPMorgan Chase & Co. lowered their target price on CDW from $280.00 to $265.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Finally, Stifel Nicolaus boosted their price target on CDW from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $254.63.

About CDW

CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products and services, as well as integrated IT solutions, including on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security.