CDW (NASDAQ:CDW) insider Christina M. Corley sold 3,567 shares of CDW stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $96.70, for a total value of $344,928.90. Following the transaction, the insider now owns 643,052 shares of the company’s stock, valued at approximately $62,183,128.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NASDAQ:CDW traded down $0.35 during trading on Thursday, reaching $96.62. 580,600 shares of the stock were exchanged, compared to its average volume of 872,162. CDW has a 12 month low of $67.44 and a 12 month high of $97.40. The stock has a market cap of $14.12 billion, a PE ratio of 18.95 and a beta of 1.05. The company has a quick ratio of 1.19, a current ratio of 1.35 and a debt-to-equity ratio of 3.26.

CDW (NASDAQ:CDW) last issued its quarterly earnings data on Thursday, February 7th. The information technology services provider reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.11. CDW had a return on equity of 74.63% and a net margin of 3.96%. The company had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.04 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. The business’s revenue was up 8.6% on a year-over-year basis. Equities research analysts expect that CDW will post 5.43 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 25th were issued a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Friday, February 22nd. CDW’s dividend payout ratio is presently 23.14%.

Several large investors have recently modified their holdings of CDW. Financial Counselors Inc. raised its position in shares of CDW by 3.9% in the fourth quarter. Financial Counselors Inc. now owns 3,313 shares of the information technology services provider’s stock valued at $269,000 after buying an additional 125 shares in the last quarter. First Mercantile Trust Co. raised its position in CDW by 9.7% during the fourth quarter. First Mercantile Trust Co. now owns 1,470 shares of the information technology services provider’s stock valued at $119,000 after purchasing an additional 130 shares in the last quarter. Commonwealth Equity Services LLC raised its position in CDW by 3.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 4,903 shares of the information technology services provider’s stock valued at $397,000 after purchasing an additional 143 shares in the last quarter. Mackenzie Financial Corp raised its position in CDW by 4.7% during the fourth quarter. Mackenzie Financial Corp now owns 3,619 shares of the information technology services provider’s stock valued at $293,000 after purchasing an additional 164 shares in the last quarter. Finally, Empire Life Investments Inc. raised its position in CDW by 3.1% during the fourth quarter. Empire Life Investments Inc. now owns 6,073 shares of the information technology services provider’s stock valued at $492,000 after purchasing an additional 185 shares in the last quarter. Institutional investors own 89.10% of the company’s stock.

A number of equities analysts recently commented on the company. BidaskClub upgraded CDW from a “hold” rating to a “buy” rating in a report on Thursday, February 14th. ValuEngine cut CDW from a “buy” rating to a “hold” rating in a report on Tuesday, December 11th. Finally, Zacks Investment Research cut CDW from a “buy” rating to a “hold” rating in a report on Tuesday, January 1st. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $93.20.

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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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Insider Buying and Selling by Quarter for CDW (NASDAQ:CDW)

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