CDW (NASDAQ:CDW) Insider Sells $1,081,658.00 in Stock

CDW Corporation (NASDAQ:CDW) insider Sona Chawla sold 7,400 shares of the company’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $146.17, for a total transaction of $1,081,658.00. Following the completion of the transaction, the insider owned 28,110 shares of the company’s stock, valued at $4,108,838.70. This represents a 20.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

CDW Stock Performance

Shares of CDW traded up $2.41 during midday trading on Wednesday, reaching $149.54. 1,391,668 shares of the stock were exchanged, compared to its average volume of 1,359,474. The business’s 50-day moving average price is $148.99 and its 200 day moving average price is $163.85. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.39 and a quick ratio of 1.30. CDW Corporation has a twelve month low of $135.63 and a twelve month high of $222.92. The company has a market capitalization of $19.47 billion, a price-to-earnings ratio of 18.88, a PEG ratio of 2.04 and a beta of 1.07.

CDW (NASDAQ:CDW) last announced its earnings results on Tuesday, November 4th. The information technology services provider reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.62 by $0.09. The firm had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.75 billion. CDW had a return on equity of 51.89% and a net margin of 4.76%. On average, sell-side analysts expect that CDW Corporation will post 9.41 EPS for the current fiscal year.

CDW Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.7%. This is a boost from CDW’s previous quarterly dividend of $0.63. The ex-dividend date is Tuesday, November 25th. CDW’s payout ratio is 31.82%.

Analysts Set New Price Targets

Several analysts recently commented on CDW shares. Evercore ISI reduced their price target on shares of CDW from $215.00 to $200.00 and set an “outperform” rating for the company in a research report on Monday, October 20th. Barclays dropped their price objective on shares of CDW from $176.00 to $148.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. Weiss Ratings reiterated a “hold (c-)” rating on shares of CDW in a research note on Thursday, October 30th. UBS Group dropped their price target on CDW from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Finally, Raymond James Financial raised CDW from an “outperform” rating to a “strong-buy” rating and set a $185.00 price objective for the company in a research report on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $189.86.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CDW. Root Financial Partners LLC acquired a new position in shares of CDW during the 3rd quarter worth $26,000. Bayforest Capital Ltd purchased a new stake in CDW during the first quarter worth about $31,000. Stone House Investment Management LLC acquired a new position in CDW during the first quarter worth about $34,000. Capital Analysts LLC purchased a new position in CDW in the first quarter valued at about $46,000. Finally, Quent Capital LLC acquired a new stake in shares of CDW during the 3rd quarter valued at approximately $57,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

About CDW

CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products and services, as well as integrated IT solutions, including on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security.