CDW Corp (CDW) Insider Christina M. Corley Sells 4,000 Shares

CDW Corp (NASDAQ:CDW) insider Christina M. Corley sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $67.81, for a total value of $271,240.00. Following the completion of the transaction, the insider now owns 35,843 shares in the company, valued at approximately $2,430,513.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of CDW Corp (NASDAQ:CDW) traded up $0.94 on Friday, hitting $71.32. The company had a trading volume of 926,500 shares, compared to its average volume of 939,235. The company has a quick ratio of 1.15, a current ratio of 1.37 and a debt-to-equity ratio of 4.20. The stock has a market capitalization of $10,772.56, a P/E ratio of 18.97 and a beta of 1.07. CDW Corp has a one year low of $55.80 and a one year high of $76.73.

CDW (NASDAQ:CDW) last issued its quarterly earnings results on Wednesday, February 7th. The information technology services provider reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.05. The company had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.85 billion. CDW had a return on equity of 68.41% and a net margin of 3.44%. CDW’s revenue was up 9.9% on a year-over-year basis. During the same period last year, the business posted $0.86 earnings per share. sell-side analysts anticipate that CDW Corp will post 4.56 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Monday, February 26th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Friday, February 23rd. CDW’s payout ratio is 25.23%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio increased its position in CDW by 10.5% in the second quarter. Public Employees Retirement System of Ohio now owns 187,917 shares of the information technology services provider’s stock worth $11,750,000 after buying an additional 17,849 shares during the last quarter. Toronto Dominion Bank increased its position in CDW by 24.8% in the second quarter. Toronto Dominion Bank now owns 1,973 shares of the information technology services provider’s stock worth $123,000 after buying an additional 392 shares during the last quarter. Achmea Investment Management B.V. increased its position in CDW by 593.8% in the second quarter. Achmea Investment Management B.V. now owns 27,115 shares of the information technology services provider’s stock worth $1,693,000 after buying an additional 23,207 shares during the last quarter. Nationwide Fund Advisors increased its position in CDW by 2.1% in the third quarter. Nationwide Fund Advisors now owns 270,818 shares of the information technology services provider’s stock worth $17,874,000 after buying an additional 5,478 shares during the last quarter. Finally, Boston Advisors LLC increased its position in CDW by 1.9% in the third quarter. Boston Advisors LLC now owns 58,061 shares of the information technology services provider’s stock worth $3,832,000 after buying an additional 1,108 shares during the last quarter. 90.62% of the stock is owned by institutional investors.

A number of research analysts have recently weighed in on the company. Robert W. Baird restated a “buy” rating and issued a $75.00 target price on shares of CDW in a report on Wednesday, November 1st. Morgan Stanley dropped their target price on CDW from $72.00 to $70.00 and set an “equal weight” rating on the stock in a report on Thursday, February 8th. ValuEngine upgraded CDW from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. BidaskClub upgraded CDW from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 7th. Finally, Barclays restated a “hold” rating and issued a $69.00 target price on shares of CDW in a report on Sunday, November 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. CDW currently has a consensus rating of “Buy” and an average target price of $72.00.

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About CDW

CDW Corporation (CDW) is a provider of integrated information technology (IT) solutions in the United States, Canada and the United Kingdom. The Company’s segments include Corporate, Public and Other. The Corporate segment consists of private sector business customers in the United States based on employee size between Medium/Large customers, which primarily includes organizations with more than 100 employees, and Small Business customers, which primarily includes organizations with up to 100 employees.

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

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