Insider Selling: CDW Corp (CDW) Insider Sells $464,310.00 in Stock
CDW Corp (NASDAQ:CDW) insider Jonathan J. Stevens sold 6,700 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $69.30, for a total transaction of $464,310.00. Following the completion of the sale, the insider now owns 74,366 shares in the company, valued at $5,153,563.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of CDW Corp (NASDAQ:CDW) opened at $69.76 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.15 and a debt-to-equity ratio of 4.20. CDW Corp has a 12-month low of $50.49 and a 12-month high of $71.53. The stock has a market cap of $10,564.39, a price-to-earnings ratio of 19.50 and a beta of 1.06.
CDW (NASDAQ:CDW) last issued its quarterly earnings data on Wednesday, November 1st. The information technology services provider reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter in the prior year, the firm earned $0.97 earnings per share. The firm’s revenue was up 8.8% compared to the same quarter last year. research analysts expect that CDW Corp will post 3.64 EPS for the current fiscal year.
CDW has been the topic of several analyst reports. Barclays reiterated a “hold” rating and issued a $69.00 target price on shares of CDW in a report on Sunday, November 5th. Raymond James Financial lowered shares of CDW from a “market perform” rating to an “underperform” rating in a report on Friday, October 13th. BidaskClub upgraded shares of CDW from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Morgan Stanley increased their target price on shares of CDW from $58.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, November 2nd. Finally, Zacks Investment Research upgraded shares of CDW from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $67.85.
Several hedge funds have recently modified their holdings of CDW. Russell Investments Group Ltd. increased its position in shares of CDW by 81.2% during the second quarter. Russell Investments Group Ltd. now owns 29,323 shares of the information technology services provider’s stock worth $1,833,000 after acquiring an additional 13,139 shares in the last quarter. Bbva Compass Bancshares Inc. grew its position in CDW by 11.9% in the second quarter. Bbva Compass Bancshares Inc. now owns 6,726 shares of the information technology services provider’s stock valued at $420,000 after purchasing an additional 715 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in CDW in the second quarter valued at $3,852,000. Dupont Capital Management Corp bought a new position in CDW in the second quarter valued at $567,000. Finally, Alps Advisors Inc. grew its position in CDW by 0.3% in the second quarter. Alps Advisors Inc. now owns 8,059 shares of the information technology services provider’s stock valued at $504,000 after purchasing an additional 21 shares in the last quarter. 90.81% of the stock is owned by institutional investors.
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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