CDW Corp (NASDAQ:CDW) insider Frederick J. Kulevich sold 2,051 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $71.30, for a total transaction of $146,236.30. Following the completion of the transaction, the insider now owns 16,504 shares of the company’s stock, valued at $1,176,735.20. The sale was disclosed in a filing with the SEC, which is available at this link.
CDW Corp (NASDAQ CDW) traded up $0.22 during trading hours on Thursday, hitting $71.13. 1,232,900 shares of the stock were exchanged, compared to its average volume of 944,807. The stock has a market cap of $10,853.68, a P/E ratio of 21.36 and a beta of 1.07. The company has a quick ratio of 1.15, a current ratio of 1.37 and a debt-to-equity ratio of 4.20. CDW Corp has a 12-month low of $55.80 and a 12-month high of $76.73.
CDW (NASDAQ:CDW) last released its earnings results on Wednesday, February 7th. The information technology services provider reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.05. The firm had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.85 billion. CDW had a net margin of 3.44% and a return on equity of 68.41%. The company’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.86 EPS. analysts expect that CDW Corp will post 4.56 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Monday, February 26th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Friday, February 23rd. CDW’s dividend payout ratio is presently 25.23%.
Large investors have recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB grew its position in CDW by 5.4% during the 4th quarter. Xact Kapitalforvaltning AB now owns 49,734 shares of the information technology services provider’s stock valued at $3,456,000 after purchasing an additional 2,533 shares during the last quarter. Envestnet Asset Management Inc. grew its position in CDW by 1.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 122,989 shares of the information technology services provider’s stock valued at $8,546,000 after purchasing an additional 1,604 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in CDW by 7.5% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 66,650 shares of the information technology services provider’s stock valued at $4,632,000 after purchasing an additional 4,658 shares during the last quarter. Banco de Sabadell S.A purchased a new stake in CDW during the 4th quarter valued at about $3,101,000. Finally, Makaira Partners LLC grew its position in CDW by 6.1% during the 4th quarter. Makaira Partners LLC now owns 1,996,750 shares of the information technology services provider’s stock valued at $138,754,000 after purchasing an additional 113,950 shares during the last quarter. 91.04% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have commented on CDW shares. Zacks Investment Research upgraded shares of CDW from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a report on Monday, October 30th. Robert W. Baird restated a “buy” rating and issued a $75.00 price objective on shares of CDW in a report on Wednesday, November 1st. Morgan Stanley upped their price objective on shares of CDW from $58.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, November 2nd. Barclays restated a “hold” rating and issued a $69.00 price objective on shares of CDW in a report on Sunday, November 5th. Finally, BidaskClub raised shares of CDW from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. CDW has an average rating of “Buy” and a consensus price target of $72.00.
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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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