CDW Corp (CDW) Insider Christina M. Corley Sells 4,000 Shares of Stock

CDW Corp (NASDAQ:CDW) insider Christina M. Corley sold 4,000 shares of the company’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $74.35, for a total value of $297,400.00. Following the completion of the sale, the insider now owns 40,177 shares in the company, valued at $2,987,159.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

CDW Corp (NASDAQ:CDW) opened at $75.65 on Wednesday. The company has a debt-to-equity ratio of 3.27, a current ratio of 1.34 and a quick ratio of 1.16. The company has a market capitalization of $11,480.53, a price-to-earnings ratio of 22.72 and a beta of 1.06. CDW Corp has a one year low of $55.80 and a one year high of $76.73.

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CDW (NASDAQ:CDW) last posted its quarterly earnings data on Wednesday, February 7th. The information technology services provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. The company had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.85 billion. CDW had a return on equity of 65.93% and a net margin of 3.44%. The business’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.86 earnings per share. sell-side analysts expect that CDW Corp will post 4.56 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Monday, February 26th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Friday, February 23rd. CDW’s dividend payout ratio is currently 25.23%.

A number of analysts have weighed in on the company. JPMorgan Chase & Co. assumed coverage on CDW in a research report on Wednesday, March 7th. They issued a “neutral” rating and a $83.00 price target on the stock. Zacks Investment Research upgraded CDW from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Morgan Stanley lowered their price target on CDW from $72.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 8th. Robert W. Baird reiterated a “buy” rating and issued a $80.00 price target on shares of CDW in a research report on Wednesday, February 7th. Finally, BidaskClub upgraded CDW from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $74.56.

A number of institutional investors have recently bought and sold shares of CDW. Amundi Pioneer Asset Management Inc. boosted its stake in CDW by 136.3% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 4,189,852 shares of the information technology services provider’s stock worth $291,153,000 after purchasing an additional 2,416,975 shares in the last quarter. USS Investment Management Ltd boosted its stake in CDW by 60.1% in the fourth quarter. USS Investment Management Ltd now owns 2,476,491 shares of the information technology services provider’s stock worth $172,153,000 after purchasing an additional 929,488 shares in the last quarter. American Century Companies Inc. boosted its stake in CDW by 35.6% in the fourth quarter. American Century Companies Inc. now owns 1,647,091 shares of the information technology services provider’s stock worth $114,456,000 after purchasing an additional 432,525 shares in the last quarter. BlackRock Inc. boosted its stake in CDW by 2.1% in the fourth quarter. BlackRock Inc. now owns 11,852,737 shares of the information technology services provider’s stock worth $823,644,000 after purchasing an additional 249,110 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in CDW by 103.2% in the fourth quarter. Deutsche Bank AG now owns 481,229 shares of the information technology services provider’s stock worth $33,437,000 after purchasing an additional 244,366 shares in the last quarter. 91.19% of the stock is currently owned by institutional investors.

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CDW Company Profile

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 (NASDAQ:CDW)

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