CDW Corp (NASDAQ:CDW) insider Neal J. Campbell sold 2,400 shares of the stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $68.22, for a total value of $163,728.00. Following the sale, the insider now directly owns 28,479 shares in the company, valued at $1,942,837.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of CDW Corp (NASDAQ:CDW) traded up $0.27 on Tuesday, reaching $69.76. The company had a trading volume of 728,129 shares, compared to its average volume of 576,600. The company has a market cap of $10,680.00, a P/E ratio of 25.84 and a beta of 1.06. CDW Corp has a 52 week low of $50.49 and a 52 week high of $71.53. 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 (NASDAQ:CDW) last issued its earnings results on Wednesday, November 1st. The information technology services provider reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.06. The company had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $3.99 billion. CDW had a return on equity of 62.60% and a net margin of 3.20%. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the company earned $0.97 EPS. equities research analysts predict that CDW Corp will post 3.64 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Friday, November 24th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Wednesday, November 22nd. This is a boost from CDW’s previous quarterly dividend of $0.16. CDW’s dividend payout ratio (DPR) is currently 31.11%.
Several equities research analysts recently commented on CDW shares. BidaskClub cut CDW from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. Stifel Nicolaus reissued a “buy” rating and issued a $70.00 target price on shares of CDW in a report on Tuesday, September 12th. Needham & Company LLC reissued a “buy” rating and issued a $71.00 target price on shares of CDW in a report on Monday, September 18th. Raymond James Financial downgraded CDW from a “market perform” rating to an “underperform” rating in a report on Friday, October 13th. Finally, Zacks Investment Research raised CDW from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $67.85.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CDW. Russell Investments Group Ltd. grew its holdings in CDW by 81.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 29,323 shares of the information technology services provider’s stock valued at $1,833,000 after buying an additional 13,139 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in CDW during the 2nd quarter valued at approximately $3,852,000. Dupont Capital Management Corp purchased a new position in CDW during the 2nd quarter valued at approximately $567,000. Alps Advisors Inc. grew its holdings in CDW by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 8,059 shares of the information technology services provider’s stock valued at $504,000 after buying an additional 21 shares in the last quarter. Finally, Blair William & Co. IL grew its holdings in CDW by 9.3% during the 2nd quarter. Blair William & Co. IL now owns 17,161 shares of the information technology services provider’s stock valued at $1,073,000 after buying an additional 1,454 shares in the last quarter. Institutional investors and hedge funds own 90.55% of the company’s stock.
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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.
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