CDW (NASDAQ:CDW) insider Matthew A. Troka sold 6,139 shares of the stock in a transaction dated Thursday, December 6th. The shares were sold at an average price of $91.99, for a total value of $564,726.61. Following the sale, the insider now owns 61,974 shares of the company’s stock, valued at $5,700,988.26. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of CDW traded down $4.06 on Friday, reaching $91.48. The stock had a trading volume of 1,665,900 shares, compared to its average volume of 875,757. The stock has a market cap of $14.08 billion, a PE ratio of 23.58 and a beta of 1.03. The company has a quick ratio of 1.24, a current ratio of 1.41 and a debt-to-equity ratio of 2.75. CDW has a 12-month low of $66.88 and a 12-month high of $96.75.

CDW (NASDAQ:CDW) last released its earnings results on Wednesday, October 31st. The information technology services provider reported $1.42 EPS for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.08. The company had revenue of $4.37 billion during the quarter, compared to analysts’ expectations of $4.24 billion. CDW had a return on equity of 70.39% and a net margin of 4.24%. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.08 EPS. Equities analysts anticipate that CDW will post 4.88 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Monday, November 26th will be paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Friday, November 23rd. This is a boost from CDW’s previous quarterly dividend of $0.21. CDW’s dividend payout ratio (DPR) is presently 30.41%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CDW. Bessemer Group Inc. lifted its stake in shares of CDW by 149.5% in the 3rd quarter. Bessemer Group Inc. now owns 1,295 shares of the information technology services provider’s stock valued at $115,000 after purchasing an additional 776 shares during the period. Synovus Financial Corp increased its position in CDW by 62.1% during the 3rd quarter. Synovus Financial Corp now owns 1,470 shares of the information technology services provider’s stock valued at $131,000 after buying an additional 563 shares in the last quarter. Riverhead Capital Management LLC increased its position in CDW by 82.4% during the 3rd quarter. Riverhead Capital Management LLC now owns 1,550 shares of the information technology services provider’s stock valued at $138,000 after buying an additional 700 shares in the last quarter. Bank of Hawaii bought a new position in CDW during the 2nd quarter valued at approximately $209,000. Finally, Measured Wealth Private Client Group LLC bought a new position in CDW during the 2nd quarter valued at approximately $224,000. Institutional investors own 89.85% of the company’s stock.

CDW has been the subject of several research analyst reports. ValuEngine cut CDW from a “buy” rating to a “hold” rating in a report on Monday, October 8th. Zacks Investment Research cut CDW from a “buy” rating to a “hold” rating in a report on Wednesday, October 3rd. Finally, BidaskClub upgraded CDW from a “hold” rating to a “buy” rating in a report on Wednesday, October 17th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $88.63.

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About CDW

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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