CDW Corporation (CDW) Insider Neal J. Campbell Sells 2,400 Shares of Stock

CDW Corporation (NASDAQ:CDW) insider Neal J. Campbell sold 2,400 shares of the stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $59.78, for a total value of $143,472.00. Following the sale, the insider now directly owns 29,679 shares of the company’s stock, valued at $1,774,210.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

CDW Corporation (NASDAQ:CDW) opened at 59.94 on Tuesday. The stock has a market cap of $9.28 billion, a PE ratio of 22.76 and a beta of 1.08. The firm has a 50-day moving average price of $62.11 and a 200 day moving average price of $60.55. CDW Corporation has a 52-week low of $43.58 and a 52-week high of $66.33.

CDW Corporation (NASDAQ:CDW) last announced its quarterly earnings results on Thursday, August 3rd. The information technology services provider reported $1.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.05. CDW Corporation had a return on equity of 58.89% and a net margin of 2.95%. The company had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.84 billion. During the same quarter in the previous year, the firm posted $0.93 EPS. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. Equities analysts anticipate that CDW Corporation will post $3.81 earnings per share for the current year.

CDW Corporation declared that its Board of Directors has initiated a share buyback program on Thursday, August 3rd that allows the company to buyback $750.00 million in shares. This buyback authorization allows the information technology services provider to buy shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, August 25th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $0.64 dividend on an annualized basis and a yield of 1.07%. CDW Corporation’s dividend payout ratio (DPR) is presently 24.33%.

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A number of hedge funds have recently made changes to their positions in the business. Achmea Investment Management B.V. boosted its position in CDW Corporation by 593.8% during the 2nd quarter. Achmea Investment Management B.V. now owns 27,115 shares of the information technology services provider’s stock worth $1,693,000 after acquiring an additional 23,207 shares during the period. Toronto Dominion Bank boosted its position in CDW Corporation by 24.8% during the 2nd quarter. Toronto Dominion Bank now owns 1,973 shares of the information technology services provider’s stock worth $123,000 after acquiring an additional 392 shares during the period. Public Employees Retirement System of Ohio boosted its position in CDW Corporation by 10.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 187,917 shares of the information technology services provider’s stock worth $11,750,000 after acquiring an additional 17,849 shares during the period. Piedmont Investment Advisors LLC boosted its position in CDW Corporation by 63.8% during the 2nd quarter. Piedmont Investment Advisors LLC now owns 23,562 shares of the information technology services provider’s stock worth $1,473,000 after acquiring an additional 9,179 shares during the period. Finally, Sandhill Capital Partners LLC boosted its position in CDW Corporation by 4.3% during the 2nd quarter. Sandhill Capital Partners LLC now owns 290,574 shares of the information technology services provider’s stock worth $18,170,000 after acquiring an additional 11,854 shares during the period. Institutional investors own 90.64% of the company’s stock.

Several equities research analysts recently weighed in on the company. BidaskClub downgraded CDW Corporation from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $60.00 price target (up from $59.00) on shares of CDW Corporation in a report on Wednesday, August 9th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $71.00 price objective (up previously from $70.00) on shares of CDW Corporation in a research report on Wednesday, August 9th. Robert W. Baird reiterated an “outperform” rating and issued a $75.00 price objective (up previously from $71.00) on shares of CDW Corporation in a research report on Wednesday, August 9th. Finally, Zacks Investment Research upgraded CDW Corporation from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $65.94.

CDW Corporation 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 Corporation (NASDAQ:CDW)

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