CDW Corporation (NASDAQ:CDW) insider Neal J. Campbell sold 2,400 shares of the company’s stock in a transaction on Friday, October 6th. The shares were sold at an average price of $69.30, for a total transaction of $166,320.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of CDW Corporation (NASDAQ CDW) opened at 70.30 on Wednesday. CDW Corporation has a 52 week low of $43.64 and a 52 week high of $71.53. The company’s 50-day moving average is $63.65 and its 200-day moving average is $61.47. The firm has a market cap of $10.89 billion, a PE ratio of 26.69 and a beta of 1.08.

CDW Corporation (NASDAQ:CDW) last released its earnings results on Thursday, August 3rd. The information technology services provider reported $1.03 earnings per share for the quarter, beating the 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 firm 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 earned $0.93 earnings per share. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. Analysts forecast that CDW Corporation will post $3.83 EPS for the current fiscal year.

CDW Corporation announced that its board has authorized a stock repurchase plan 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 reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, August 25th were paid a dividend of $0.16 per share. The ex-dividend date was Wednesday, August 23rd. This represents a $0.64 annualized dividend and a yield of 0.91%. CDW Corporation’s payout ratio is 24.33%.

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Hedge funds have recently added to or reduced their stakes in the business. Sumitomo Mitsui Trust Holdings Inc. increased its stake in CDW Corporation by 15.2% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 456,109 shares of the information technology services provider’s stock valued at $28,520,000 after purchasing an additional 60,173 shares during the last quarter. Xact Kapitalforvaltning AB increased its stake in CDW Corporation by 8.1% during the second quarter. Xact Kapitalforvaltning AB now owns 46,688 shares of the information technology services provider’s stock valued at $2,919,000 after purchasing an additional 3,505 shares during the last quarter. KCG Holdings Inc. increased its stake in CDW Corporation by 152.7% during the first quarter. KCG Holdings Inc. now owns 12,502 shares of the information technology services provider’s stock valued at $721,000 after purchasing an additional 7,554 shares during the last quarter. Russell Investments Group Ltd. increased its stake in CDW Corporation by 49.5% during the first quarter. Russell Investments Group Ltd. now owns 16,184 shares of the information technology services provider’s stock valued at $935,000 after purchasing an additional 5,357 shares during the last quarter. Finally, Nationwide Fund Advisors increased its stake in CDW Corporation by 152.7% during the second quarter. Nationwide Fund Advisors now owns 265,340 shares of the information technology services provider’s stock valued at $16,592,000 after purchasing an additional 160,340 shares during the last quarter. Hedge funds and other institutional investors own 90.65% of the company’s stock.

CDW has been the subject of several research analyst reports. BidaskClub upgraded shares of CDW Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Robert W. Baird set a $71.00 target price on shares of CDW Corporation and gave the company a “buy” rating in a report on Thursday, August 3rd. Royal Bank Of Canada restated a “buy” rating and issued a $70.00 target price on shares of CDW Corporation in a report on Wednesday, August 2nd. Zacks Investment Research upgraded shares of CDW Corporation from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a report on Tuesday, July 11th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $70.00 target price on shares of CDW Corporation in a report on Tuesday, September 12th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $66.95.

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.

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

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