CDW Corp (NASDAQ:CDW) insider Jonathan J. Stevens sold 6,700 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $69.30, for a total transaction of $464,310.00. Following the completion of the sale, the insider now directly owns 74,366 shares of the company’s stock, valued at approximately $5,153,563.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of CDW Corp (CDW) traded down $0.42 during midday trading on Friday, hitting $69.49. 424,041 shares of the stock were exchanged, compared to its average volume of 664,699. The firm has a market capitalization of $10,636.35, a PE ratio of 25.74 and a beta of 1.06. The company has a debt-to-equity ratio of 4.20, a current ratio of 1.37 and a quick ratio of 1.15. CDW Corp has a 1-year low of $50.49
CDW (NASDAQ:CDW) last released its quarterly earnings data on Wednesday, November 1st. The information technology services provider reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.06. CDW had a net margin of 2.90% and a return on equity of 62.71%. The firm had revenue of $4.03 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same period last year, the business earned $0.97 earnings per share. CDW’s revenue was up 8.8% compared to the same quarter last year. equities research analysts expect that CDW Corp will post 3.64 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Friday, November 24th were paid a $0.21 dividend. This is a positive change from CDW’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Wednesday, November 22nd. This represents a $0.84 annualized dividend and a dividend yield of 1.21%. CDW’s dividend payout ratio (DPR) is presently 31.11%.
Several research analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of CDW from $58.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 2nd. Robert W. Baird reaffirmed a “buy” rating and issued a $75.00 price objective on shares of CDW in a report on Wednesday, November 1st. Stifel Nicolaus reissued a “buy” rating and set a $70.00 price target on shares of CDW in a report on Tuesday, September 12th. Barclays reissued a “hold” rating and set a $69.00 price target on shares of CDW in a report on Sunday, November 5th. Finally, Raymond James Financial downgraded shares of CDW from a “market perform” rating to an “underperform” rating in a report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $67.85.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Capital Fund Management S.A. raised its holdings in CDW by 216.0% during the second quarter. Capital Fund Management S.A. now owns 245,178 shares of the information technology services provider’s stock worth $15,331,000 after purchasing an additional 167,578 shares in the last quarter. Nationwide Fund Advisors raised its holdings in CDW by 152.7% during the second quarter. Nationwide Fund Advisors now owns 265,340 shares of the information technology services provider’s stock worth $16,592,000 after purchasing an additional 160,340 shares in the last quarter. Teachers Advisors LLC raised its holdings in CDW by 51.7% during the second quarter. Teachers Advisors LLC now owns 368,646 shares of the information technology services provider’s stock worth $23,051,000 after purchasing an additional 125,701 shares in the last quarter. Eaton Vance Management raised its holdings in CDW by 7.6% during the second quarter. Eaton Vance Management now owns 1,518,629 shares of the information technology services provider’s stock worth $94,960,000 after purchasing an additional 107,227 shares in the last quarter. Finally, Thrivent Financial For Lutherans acquired a new stake in CDW during the second quarter worth approximately $6,132,000. 90.55% of the stock is owned by institutional investors and hedge funds.
CDW Company Profile
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.