CDW Corporation (CDW) Receives News Impact Rating of 0.15
Press coverage about CDW Corporation (NASDAQ:CDW) has trended somewhat positive on Monday, according to Accern. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CDW Corporation earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news headlines about the information technology services provider an impact score of 44.1045711572623 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Form 4 CDW Corp For: Sep 11 Filed by: ALESIO STEVEN W (streetinsider.com)
- Form 4 CDW Corp For: Sep 11 Filed by: ALESIO STEVEN W – StreetInsider.com (streetinsider.com)
- CDW Corporation (CDW) Presents at Deutsche Bank Technology Conference (Transcript) (seekingalpha.com)
- Stifel Nicolaus Reiterates “Buy” Rating for CDW Corporation (CDW) (americanbankingnews.com)
- Insider Selling: CDW Corporation (CDW) Insider Sells 2,400 Shares of Stock (americanbankingnews.com)
CDW Corporation (NASDAQ CDW) opened at 61.89 on Monday. The stock has a market cap of $9.58 billion, a P/E ratio of 23.50 and a beta of 1.08. CDW Corporation has a 1-year low of $43.64 and a 1-year high of $66.33. The firm’s 50-day moving average is $61.79 and its 200-day moving average is $60.58.
CDW Corporation (NASDAQ:CDW) last announced its 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 net margin of 2.95% and a return on equity of 58.89%. The business had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.84 billion. During the same quarter in the previous year, the firm posted $0.93 earnings per share. CDW Corporation’s revenue was up 9.0% compared to the same quarter last year. On average, analysts forecast that CDW Corporation will post $3.83 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Friday, August 25th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date was Wednesday, August 23rd. CDW Corporation’s dividend payout ratio (DPR) is currently 24.33%.
CDW Corporation declared that its Board of Directors has initiated a share buyback program on Thursday, August 3rd that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the information technology services provider to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its stock is undervalued.
Several equities analysts recently issued reports on CDW shares. Zacks Investment Research downgraded shares of CDW Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. BidaskClub raised shares of CDW Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Barclays PLC downgraded shares of CDW Corporation from an “overweight” rating to an “equal weight” rating and set a $64.00 price objective on the stock. in a research note on Monday, July 24th. Royal Bank Of Canada upped their price objective on shares of CDW Corporation from $64.00 to $70.00 and gave the company an “outperform” rating in a research note on Monday, June 26th. Finally, Robert W. Baird set a $71.00 price target on shares of CDW Corporation and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $66.39.
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In related news, insider Thomas E. Richards sold 16,861 shares of the business’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $58.73, for a total transaction of $990,246.53. Following the transaction, the insider now owns 714,931 shares of the company’s stock, valued at $41,987,897.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christine A. Leahy sold 12,000 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $60.26, for a total transaction of $723,120.00. Following the transaction, the insider now directly owns 162,130 shares in the company, valued at approximately $9,769,953.80. The disclosure for this sale can be found here. Insiders have sold 120,171 shares of company stock worth $7,440,974 in the last ninety days. 2.60% of the stock is currently owned by insiders.
About CDW Corporation
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.
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