CDW Corp (CDW) Insider Sells $984,208.00 in Stock

CDW Corp (NASDAQ:CDW) insider Thomas E. Richards sold 14,368 shares of CDW stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $68.50, for a total transaction of $984,208.00. Following the completion of the sale, the insider now directly owns 670,391 shares in the company, valued at approximately $45,921,783.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of CDW Corp (CDW) opened at $68.45 on Monday. CDW Corp has a one year low of $50.49 and a one year high of $71.53. The company has a current ratio of 1.37, a quick ratio of 1.15 and a debt-to-equity ratio of 4.20. The stock has a market cap of $10,477.16, a price-to-earnings ratio of 19.34 and a beta of 1.06.

CDW (NASDAQ:CDW) last announced its earnings results on Wednesday, November 1st. The information technology services provider reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.06. CDW had a net margin of 2.90% and a return on equity of 62.71%. The company had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the previous year, the company posted $0.97 EPS. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. sell-side analysts forecast that CDW Corp will post 3.64 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Friday, November 24th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.23%. The ex-dividend date was Wednesday, November 22nd. This is a boost from CDW’s previous quarterly dividend of $0.16. CDW’s payout ratio is 31.11%.

CDW has been the topic of a number of research analyst reports. Raymond James Financial cut shares of CDW from a “market perform” rating to an “underperform” rating in a research note on Friday, October 13th. BidaskClub cut shares of CDW from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Stifel Nicolaus reissued a “buy” rating and issued a $70.00 price target on shares of CDW in a research note on Tuesday, September 12th. Morgan Stanley lifted their price target on shares of CDW from $58.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday, November 2nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $71.00 price target on shares of CDW in a research note on Monday, September 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $67.85.

Institutional investors and hedge funds have recently made changes to their positions in the business. Lloyds Banking Group plc acquired a new stake in CDW during the 3rd quarter worth $108,000. Toronto Dominion Bank boosted its stake in CDW 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 purchasing an additional 392 shares during the last quarter. Massey Quick Simon & CO. LLC acquired a new stake in CDW during the 3rd quarter worth $257,000. Financial Counselors Inc. boosted its stake in CDW by 16.7% during the 2nd quarter. Financial Counselors Inc. now owns 4,339 shares of the information technology services provider’s stock worth $271,000 after purchasing an additional 621 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of CDW by 110.9% during the 3rd quarter. Nordea Investment Management AB now owns 7,184 shares of the information technology services provider’s stock valued at $474,000 after acquiring an additional 3,777 shares during the last quarter. 90.81% 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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