CDW Corp (CDW) Insider Sells $288,920.00 in Stock
CDW Corp (NASDAQ:CDW) insider Christine A. Leahy sold 4,000 shares of the company’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $72.23, for a total transaction of $288,920.00. Following the sale, the insider now directly owns 124,677 shares of the company’s stock, valued at approximately $9,005,419.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
CDW Corp (NASDAQ CDW) opened at $72.88 on Friday. The company has a debt-to-equity ratio of 4.20, a quick ratio of 1.15 and a current ratio of 1.37. The company has a market capitalization of $11,155.23, a PE ratio of 20.59 and a beta of 1.06. CDW Corp has a 52 week low of $50.49 and a 52 week high of $74.01.
CDW (NASDAQ:CDW) last issued its earnings results on Wednesday, November 1st. The information technology services provider reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.06. The firm had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $3.99 billion. CDW had a return on equity of 62.71% and a net margin of 2.90%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.97 earnings per share. sell-side analysts forecast that CDW Corp will post 3.64 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Toronto Dominion Bank increased its stake in shares of CDW by 24.8% in the second quarter. Toronto Dominion Bank now owns 1,973 shares of the information technology services provider’s stock valued at $123,000 after buying an additional 392 shares during the period. Financial Counselors Inc. increased its stake in shares of CDW by 16.7% in the second quarter. Financial Counselors Inc. now owns 4,339 shares of the information technology services provider’s stock valued at $271,000 after buying an additional 621 shares during the period. ETRADE Capital Management LLC increased 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 during the period. Jaffetilchin Investment Partners LLC increased its stake in shares of CDW by 7.9% in the third quarter. Jaffetilchin Investment Partners LLC now owns 12,538 shares of the information technology services provider’s stock valued at $828,000 after buying an additional 921 shares during the period. Finally, Boston Advisors LLC increased its stake in shares of CDW by 1.9% in the third quarter. Boston Advisors LLC now owns 58,061 shares of the information technology services provider’s stock valued at $3,832,000 after buying an additional 1,108 shares during the period. 90.55% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently weighed in on CDW. Morgan Stanley upped their price objective on shares of CDW from $58.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 2nd. Robert W. Baird reaffirmed a “buy” rating and set a $75.00 price objective on shares of CDW in a research report on Wednesday, November 1st. Zacks Investment Research cut shares of CDW from a “hold” rating to a “sell” rating in a research report on Wednesday. ValuEngine raised shares of CDW from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Barclays reissued a “hold” rating and set a $69.00 target price on shares of CDW in a research note on Sunday, November 5th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. CDW currently has an average rating of “Buy” and a consensus price target of $67.85.
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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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