CDW Corporation (NASDAQ:CDW) insider Christine A. Leahy sold 12,000 shares of the stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $69.94, for a total transaction of $839,280.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of CDW Corporation (NASDAQ:CDW) opened at 68.08 on Friday. The company has a market cap of $10.54 billion, a price-to-earnings ratio of 25.85 and a beta of 1.08. The stock’s 50 day moving average is $64.36 and its 200-day moving average is $61.69. CDW Corporation has a 52 week low of $43.64 and a 52 week high of $71.53.

CDW Corporation (NASDAQ:CDW) last issued its earnings results on Thursday, August 3rd. The information technology services provider reported $1.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.05. CDW Corporation had a net margin of 2.95% and a return on equity of 58.89%. The company had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $3.84 billion. During the same period in the prior year, the business earned $0.93 EPS. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. On average, equities analysts anticipate that CDW Corporation will post $3.83 earnings per share for the current year.

CDW Corporation declared that its Board of Directors has initiated a stock buyback program on Thursday, August 3rd that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the information technology services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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Several analysts have recently weighed in on the stock. Robert W. Baird restated an “outperform” rating and set a $75.00 price objective (up previously from $71.00) on shares of CDW Corporation in a research report on Wednesday, August 9th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $71.00 target price (up previously from $70.00) on shares of CDW Corporation in a report on Wednesday, August 9th. BidaskClub raised shares of CDW Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Zacks Investment Research raised shares of CDW Corporation from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $60.00 target price (up previously from $59.00) on shares of CDW Corporation in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $66.95.

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its holdings in CDW Corporation by 7,281.8% during the 1st quarter. BlackRock Inc. now owns 10,875,190 shares of the information technology services provider’s stock worth $627,607,000 after acquiring an additional 10,727,865 shares in the last quarter. State Street Corp lifted its position in shares of CDW Corporation by 3.0% during the first quarter. State Street Corp now owns 2,836,131 shares of the information technology services provider’s stock valued at $163,683,000 after buying an additional 81,539 shares during the last quarter. Eaton Vance Management lifted its position in shares of CDW Corporation by 7.6% during the second quarter. Eaton Vance Management now owns 1,518,629 shares of the information technology services provider’s stock valued at $94,960,000 after buying an additional 107,227 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of CDW Corporation by 53.4% during the first quarter. AQR Capital Management LLC now owns 1,106,106 shares of the information technology services provider’s stock valued at $63,833,000 after buying an additional 384,980 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its position in shares of CDW Corporation by 0.3% during the first quarter. Clearbridge Investments LLC now owns 1,091,621 shares of the information technology services provider’s stock valued at $62,997,000 after buying an additional 2,961 shares during the last quarter. Institutional investors own 90.65% of the company’s stock.

About CDW Corporation

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.

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

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