CDW (NASDAQ:CDW) Director Steven W. Alesio sold 20,013 shares of the stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $89.66, for a total transaction of $1,794,365.58. Following the completion of the transaction, the director now owns 24,183 shares of the company’s stock, valued at $2,168,247.78. The sale was disclosed in a document filed with the SEC, which is available through this link.

NASDAQ:CDW opened at $92.71 on Thursday. The stock has a market cap of $13.88 billion, a price-to-earnings ratio of 18.18 and a beta of 1.05. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.41 and a quick ratio of 1.24. CDW has a fifty-two week low of $67.44 and a fifty-two week high of $96.75.

CDW (NASDAQ:CDW) last released its quarterly earnings data on Thursday, February 7th. The information technology services provider reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.11. The business had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.04 billion. CDW had a net margin of 3.96% and a return on equity of 72.89%. CDW’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business earned $0.99 EPS. Equities research analysts expect that CDW will post 5.3 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 12th. Shareholders of record on Monday, February 25th will be paid a dividend of $0.295 per share. The ex-dividend date of this dividend is Friday, February 22nd. This represents a $1.18 dividend on an annualized basis and a yield of 1.27%. CDW’s dividend payout ratio is currently 23.14%.

Several brokerages recently issued reports on CDW. BidaskClub upgraded shares of CDW from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 4th. ValuEngine lowered shares of CDW from a “buy” rating to a “hold” rating in a research note on Tuesday, December 11th. Finally, Zacks Investment Research upgraded shares of CDW from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research note on Tuesday, October 23rd. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. CDW has a consensus rating of “Buy” and a consensus target price of $91.50.

A number of large investors have recently added to or reduced their stakes in CDW. Select Equity Group L.P. increased its stake in CDW by 119.4% during the 3rd quarter. Select Equity Group L.P. now owns 1,687,683 shares of the information technology services provider’s stock valued at $150,069,000 after purchasing an additional 918,485 shares in the last quarter. Panagora Asset Management Inc. increased its stake in CDW by 19,305.5% during the 3rd quarter. Panagora Asset Management Inc. now owns 536,369 shares of the information technology services provider’s stock valued at $47,694,000 after purchasing an additional 533,605 shares in the last quarter. Prudential Financial Inc. increased its stake in CDW by 82.3% during the 4th quarter. Prudential Financial Inc. now owns 768,612 shares of the information technology services provider’s stock valued at $62,296,000 after purchasing an additional 346,983 shares in the last quarter. AQR Capital Management LLC increased its stake in CDW by 16.9% during the 3rd quarter. AQR Capital Management LLC now owns 2,143,983 shares of the information technology services provider’s stock valued at $190,643,000 after purchasing an additional 310,352 shares in the last quarter. Finally, Northern Trust Corp increased its stake in CDW by 28.0% during the 4th quarter. Northern Trust Corp now owns 1,152,947 shares of the information technology services provider’s stock valued at $93,447,000 after purchasing an additional 252,256 shares in the last quarter. Institutional investors and hedge funds own 90.04% of the company’s stock.

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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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