CDW (NASDAQ:CDW) insider Christina M. Corley sold 3,567 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $96.70, for a total transaction of $344,928.90. Following the completion of the sale, the insider now directly owns 643,052 shares in the company, valued at approximately $62,183,128.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
CDW traded down $0.35 during trading on Thursday, reaching $96.62. 580,600 shares of the stock traded hands, compared to its average volume of 872,162. The company has a current ratio of 1.35, a quick ratio of 1.19 and a debt-to-equity ratio of 3.26. The stock has a market capitalization of $14.12 billion, a P/E ratio of 18.95 and a beta of 1.05. CDW has a 12 month low of $67.44 and a 12 month high of $97.40.
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CDW (NASDAQ:CDW) last issued its quarterly earnings results on Thursday, February 7th. The information technology services provider reported $1.32 EPS for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.11. The business had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.04 billion. CDW had a net margin of 3.96% and a return on equity of 74.63%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.99 earnings per share. As a group, research analysts predict that CDW will post 5.43 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 25th were given a dividend of $0.295 per share. The ex-dividend date of this dividend was Friday, February 22nd. This represents a $1.18 dividend on an annualized basis and a yield of 1.22%. CDW’s dividend payout ratio (DPR) is currently 23.14%.
Several brokerages recently weighed in on CDW. BidaskClub cut shares of CDW from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. ValuEngine raised shares of CDW from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Finally, Zacks Investment Research cut shares of CDW from a “buy” rating to a “hold” rating in a research report on Tuesday, January 1st. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $93.20.
Institutional investors and hedge funds have recently modified their holdings of the business. Ffcm LLC bought a new stake in CDW during the fourth quarter valued at $28,000. Bronfman E.L. Rothschild L.P. boosted its position in shares of CDW by 218.2% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 350 shares of the information technology services provider’s stock worth $28,000 after purchasing an additional 240 shares in the last quarter. PRW Wealth Management LLC bought a new position in shares of CDW during the 4th quarter worth about $30,000. Semmax Financial Advisors Inc. bought a new position in shares of CDW during the 4th quarter worth about $34,000. Finally, Aspire Private Capital LLC bought a new position in shares of CDW during the 4th quarter worth about $62,000. 89.10% of the stock is currently owned by institutional investors and hedge funds.
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CDW 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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