CDW Co. (NASDAQ:CDW) Insider Sells $663,918.00 in Stock

CDW Co. (NASDAQ:CDW) insider Christina M. Corley sold 3,400 shares of the business’s stock in a transaction dated Thursday, November 18th. The shares were sold at an average price of $195.27, for a total value of $663,918.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NASDAQ:CDW opened at $199.79 on Thursday. The company has a market capitalization of $27.12 billion, a PE ratio of 28.06, a price-to-earnings-growth ratio of 1.99 and a beta of 1.11. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.38 and a quick ratio of 1.16. The business has a fifty day moving average price of $187.25 and a two-hundred day moving average price of $182.86. CDW Co. has a 1 year low of $125.46 and a 1 year high of $203.82.

CDW (NASDAQ:CDW) last posted its quarterly earnings results on Wednesday, November 3rd. The information technology services provider reported $2.13 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.08. The company had revenue of $5.30 billion during the quarter, compared to the consensus estimate of $5.32 billion. CDW had a return on equity of 98.82% and a net margin of 5.00%. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.78 EPS. Sell-side analysts anticipate that CDW Co. will post 7.52 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 10th. Shareholders of record on Wednesday, November 24th will be paid a $0.50 dividend. This is a boost from CDW’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Tuesday, November 23rd. CDW’s payout ratio is 22.47%.

A number of research firms recently commented on CDW. Zacks Investment Research lowered CDW from a “buy” rating to a “hold” rating and set a $201.00 price target for the company. in a research report on Monday, November 15th. Credit Suisse Group increased their price target on CDW from $200.00 to $210.00 and gave the company an “outperform” rating in a research report on Thursday, August 5th. JPMorgan Chase & Co. raised CDW to a “hold” rating and set a $200.00 price target for the company in a research report on Wednesday, October 6th. Morgan Stanley increased their price target on CDW from $196.00 to $200.00 and gave the company an “equal weight” rating in a research report on Thursday, November 4th. Finally, Raymond James upped their price objective on CDW from $205.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday, November 4th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, CDW has a consensus rating of “Buy” and an average target price of $205.86.

Institutional investors have recently made changes to their positions in the business. American National Bank increased its stake in CDW by 610.5% in the 3rd quarter. American National Bank now owns 135 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 116 shares during the period. Total Clarity Wealth Management Inc. bought a new stake in shares of CDW in the 3rd quarter worth approximately $27,000. Wolff Wiese Magana LLC grew its position in shares of CDW by 160.7% in the 3rd quarter. Wolff Wiese Magana LLC now owns 159 shares of the information technology services provider’s stock worth $29,000 after buying an additional 98 shares during the last quarter. MUFG Americas Holdings Corp grew its position in shares of CDW by 560.0% in the 3rd quarter. MUFG Americas Holdings Corp now owns 165 shares of the information technology services provider’s stock worth $30,000 after buying an additional 140 shares during the last quarter. Finally, Capital Directions Investment Advisors LLC bought a new stake in shares of CDW in the 2nd quarter worth approximately $31,000. 91.14% of the stock is currently owned by institutional investors and hedge funds.

About CDW

CDW Corp. engages in the provision of information technology solutions to small, medium and large business, government, education and healthcare customers in the United States, the United Kingdom and Canada. It operates through the following segments: Corporate, Small Business, and Public. The Corporate segment serves the private sector business customers.

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

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