CDW common stock (NASDAQ:CDW) insider Douglas E. Eckrote sold 10,000 shares of the company’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $85.33, for a total value of $853,300.00. Following the completion of the transaction, the insider now directly owns 166,915 shares in the company, valued at $14,242,856.95. The sale was disclosed in a filing with the SEC, which is available through this link.

NASDAQ:CDW opened at $85.69 on Friday. The firm has a market cap of $13.01 billion, a PE ratio of 19.50 and a beta of 1.03. The company has a quick ratio of 1.16, a current ratio of 1.36 and a debt-to-equity ratio of 3.00. CDW common stock has a fifty-two week low of $58.57 and a fifty-two week high of $88.36.

CDW common stock (NASDAQ:CDW) last released its earnings results on Thursday, August 2nd. The information technology services provider reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.14. The firm had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.16 billion. CDW common stock had a return on equity of 71.09% and a net margin of 3.99%. The company’s revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.03 EPS. research analysts expect that CDW common stock will post 4.85 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 10th. Stockholders of record on Friday, August 24th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, August 23rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.98%. CDW common stock’s payout ratio is 21.65%.

Several large investors have recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of CDW common stock by 22.9% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,018 shares of the information technology services provider’s stock valued at $279,000 after acquiring an additional 748 shares during the period. HighVista Strategies LLC lifted its position in shares of CDW common stock by 9.2% during the 1st quarter. HighVista Strategies LLC now owns 9,500 shares of the information technology services provider’s stock worth $668,000 after buying an additional 800 shares during the last quarter. Xact Kapitalforvaltning AB lifted its position in shares of CDW common stock by 1.8% during the 1st quarter. Xact Kapitalforvaltning AB now owns 50,608 shares of the information technology services provider’s stock worth $3,558,000 after buying an additional 874 shares during the last quarter. Cabot Wealth Management Inc. lifted its position in shares of CDW common stock by 1.0% during the 1st quarter. Cabot Wealth Management Inc. now owns 101,702 shares of the information technology services provider’s stock worth $7,151,000 after buying an additional 970 shares during the last quarter. Finally, ETRADE Capital Management LLC lifted its position in shares of CDW common stock by 6.2% during the 1st quarter. ETRADE Capital Management LLC now owns 16,645 shares of the information technology services provider’s stock worth $1,170,000 after buying an additional 979 shares during the last quarter. Hedge funds and other institutional investors own 90.03% of the company’s stock.

CDW has been the topic of a number of research reports. BidaskClub raised CDW common stock from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 2nd. Robert W. Baird reaffirmed a “buy” rating on shares of CDW common stock in a report on Wednesday, May 2nd. Morgan Stanley upped their price objective on CDW common stock from $70.00 to $78.00 and gave the company an “equal weight” rating in a report on Thursday, May 3rd. Zacks Investment Research raised CDW common stock from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a report on Tuesday, May 8th. Finally, Raymond James raised CDW common stock from an “underperform” rating to a “market perform” rating in a report on Wednesday, July 18th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $87.00.

About CDW common stock

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 common stock (NASDAQ:CDW)

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