CDW common stock (CDW) Insider Christina V. Rother Sells 4,000 Shares
CDW common stock (NASDAQ:CDW) insider Christina V. Rother sold 4,000 shares of the stock in a transaction on Friday, August 10th. The stock was sold at an average price of $85.08, for a total transaction of $340,320.00. Following the sale, the insider now owns 114,231 shares of the company’s stock, valued at $9,718,773.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of CDW traded up $0.11 during trading hours on Monday, hitting $84.76. 910,200 shares of the stock were exchanged, compared to its average volume of 833,628. CDW common stock has a fifty-two week low of $58.57 and a fifty-two week high of $88.36. The company has a quick ratio of 1.16, a current ratio of 1.36 and a debt-to-equity ratio of 3.00. The stock has a market cap of $12.81 billion, a PE ratio of 21.75 and a beta of 1.03.
CDW common stock (NASDAQ:CDW) last posted its quarterly earnings results on Thursday, August 2nd. The information technology services provider reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.14. The business had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.16 billion. CDW common stock had a net margin of 3.99% and a return on equity of 71.09%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the company posted $1.03 earnings per share. sell-side analysts anticipate that CDW common stock will post 4.85 EPS for the current fiscal year.
Several equities research analysts have recently weighed in on the stock. Raymond James upgraded shares of CDW common stock from an “underperform” rating to a “market perform” rating in a research report on Wednesday, July 18th. Northcoast Research reiterated a “buy” rating and set a $93.00 price objective on shares of CDW common stock in a research report on Friday, July 20th. BidaskClub cut shares of CDW common stock from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 25th. Stifel Nicolaus reiterated a “buy” rating and set a $92.00 price objective on shares of CDW common stock in a research report on Monday, July 23rd. Finally, Robert W. Baird reiterated a “buy” rating on shares of CDW common stock in a research report on Wednesday, May 2nd. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. CDW common stock currently has an average rating of “Buy” and a consensus price target of $87.00.
A number of large investors have recently bought and sold shares of CDW. Private Capital Group LLC grew its holdings in CDW common stock by 351.3% in the first quarter. Private Capital Group LLC now owns 1,426 shares of the information technology services provider’s stock worth $100,000 after purchasing an additional 1,110 shares during the period. Point72 Asia Hong Kong Ltd acquired a new stake in CDW common stock in the first quarter worth $159,000. Stratos Wealth Partners LTD. grew its holdings in CDW common stock by 469.8% in the first quarter. Stratos Wealth Partners LTD. now owns 2,587 shares of the information technology services provider’s stock worth $182,000 after purchasing an additional 2,133 shares during the period. Bank of Hawaii acquired a new stake in CDW common stock in the second quarter worth $209,000. Finally, Profund Advisors LLC acquired a new stake in CDW common stock in the first quarter worth $211,000. Institutional investors and hedge funds own 90.25% of the company’s stock.
CDW common stock Company Profile
CDW Corporation provides integrated information technology (IT) solutions to business, government, education, and healthcare customers in the United States, Canada, and the United Kingdom. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products, as well as integrated IT solutions, including mobility, security, data center optimization, cloud computing, virtualization, and collaboration.
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