CDW common stock (NASDAQ:CDW) insider Christina M. Corley sold 14,900 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $88.39, for a total value of $1,317,011.00. Following the completion of the sale, the insider now directly owns 51,077 shares of the company’s stock, valued at approximately $4,514,696.03. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of CDW stock opened at $90.15 on Monday. CDW common stock has a 12 month low of $61.47 and a 12 month high of $90.50. The company has a market cap of $13.47 billion, a PE ratio of 20.18 and a beta of 1.06. The company has a debt-to-equity ratio of 3.00, a current ratio of 1.36 and a quick ratio of 1.16.
CDW common stock (NASDAQ:CDW) last issued its quarterly earnings results on Thursday, August 2nd. The information technology services provider reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.14. CDW common stock had a return on equity of 71.09% and a net margin of 3.99%. The company had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.16 billion. During the same period in the previous year, the company earned $1.03 earnings per share. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. equities analysts anticipate that CDW common stock will post 4.85 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 10th. Stockholders of record on Friday, August 24th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, August 23rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.93%. CDW common stock’s dividend payout ratio (DPR) is presently 21.65%.
Hedge funds have recently modified their holdings of the company. Private Capital Group LLC lifted its holdings in shares of CDW common stock by 351.3% during the first quarter. Private Capital Group LLC now owns 1,426 shares of the information technology services provider’s stock worth $100,000 after buying an additional 1,110 shares during the last quarter. Point72 Asia Hong Kong Ltd acquired a new position in shares of CDW common stock during the first quarter worth approximately $159,000. Stratos Wealth Partners LTD. lifted its holdings in shares of CDW common stock by 469.8% during the first quarter. Stratos Wealth Partners LTD. now owns 2,587 shares of the information technology services provider’s stock worth $182,000 after buying an additional 2,133 shares during the last quarter. Bank of Hawaii acquired a new position in shares of CDW common stock during the second quarter worth approximately $209,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of CDW common stock during the second quarter worth approximately $224,000. Institutional investors own 89.18% of the company’s stock.
Several research firms recently weighed in on CDW. BidaskClub lowered CDW common stock from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 25th. Raymond James upgraded CDW common stock from an “underperform” rating to a “market perform” rating in a report on Wednesday, July 18th. Zacks Investment Research upgraded CDW common stock from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a report on Tuesday, July 24th. Stifel Nicolaus restated a “buy” rating and issued a $92.00 target price on shares of CDW common stock in a report on Monday, July 23rd. Finally, Northcoast Research restated a “buy” rating and issued a $93.00 target price on shares of CDW common stock in a report on Friday, July 20th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. CDW common stock presently has a consensus rating of “Buy” and a consensus price target of $87.00.
CDW common stock Company Profile
CDW Corporation provides integrated information technology (IT) solutions to business, government, education, and healthcare customers in the United States, Canada, and the United Kingdom. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products, as well as integrated IT solutions, including mobility, security, data center optimization, cloud computing, virtualization, and collaboration.
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