CDW Corp (NASDAQ:CDW) insider Neal J. Campbell sold 3,805 shares of the company’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $75.36, for a total transaction of $286,744.80. Following the transaction, the insider now owns 35,829 shares of the company’s stock, valued at $2,700,073.44. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of CDW stock opened at $67.95 on Friday. The company has a debt-to-equity ratio of 3.27, a quick ratio of 1.16 and a current ratio of 1.34. The company has a market cap of $10,349.94, a price-to-earnings ratio of 18.32 and a beta of 1.08. CDW Corp has a 52 week low of $55.80 and a 52 week high of $76.73.
CDW (NASDAQ:CDW) last announced its earnings results on Wednesday, February 7th. The information technology services provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.93 by $0.05. CDW had a net margin of 3.44% and a return on equity of 65.93%. The firm had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.85 billion. During the same period last year, the company posted $0.86 EPS. The business’s quarterly revenue was up 9.9% on a year-over-year basis. analysts forecast that CDW Corp will post 4.56 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Monday, February 26th were paid a $0.21 dividend. The ex-dividend date was Friday, February 23rd. This represents a $0.84 annualized dividend and a dividend yield of 1.24%. CDW’s dividend payout ratio is presently 21.65%.
Several large investors have recently added to or reduced their stakes in the stock. ETRADE Capital Management LLC grew its stake in shares of CDW by 5.5% in the third quarter. ETRADE Capital Management LLC now owns 14,291 shares of the information technology services provider’s stock valued at $943,000 after buying an additional 748 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of CDW by 22.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,018 shares of the information technology services provider’s stock valued at $279,000 after buying an additional 748 shares in the last quarter. Public Employees Retirement Association of Colorado grew its stake in shares of CDW by 2.7% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 30,998 shares of the information technology services provider’s stock valued at $2,154,000 after buying an additional 828 shares in the last quarter. BKD Wealth Advisors LLC boosted its position in CDW by 15.8% during the fourth quarter. BKD Wealth Advisors LLC now owns 6,460 shares of the information technology services provider’s stock worth $449,000 after purchasing an additional 880 shares during the period. Finally, Amalgamated Bank boosted its position in CDW by 3.1% during the fourth quarter. Amalgamated Bank now owns 29,903 shares of the information technology services provider’s stock worth $2,078,000 after purchasing an additional 897 shares during the period. 91.18% of the stock is owned by institutional investors and hedge funds.
CDW has been the subject of a number of recent analyst reports. Royal Bank of Canada reiterated a “buy” rating and set a $80.00 target price on shares of CDW in a research report on Monday, January 15th. Zacks Investment Research raised shares of CDW from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. ValuEngine raised shares of CDW from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. BidaskClub raised shares of CDW from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Finally, JPMorgan Chase started coverage on shares of CDW in a research note on Wednesday, March 7th. They issued a “neutral” rating and a $83.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $75.78.
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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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