Press coverage about CDW Corporation (NASDAQ:CDW) has been trending somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CDW Corporation earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned news headlines about the information technology services provider an impact score of 44.7835890298068 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- 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 (CDW) Insider Thomas E. Richards Sells 16,861 Shares (americanbankingnews.com)
- CDW Corporation (CDW) Rating Lowered to Hold at BidaskClub (americanbankingnews.com)
- See Remarks of CDW Corporation (NASDAQ:CDW), Stevens Jonathan J, sells 6,700 shares worth $413,926 (empowerednews.net)
Several analysts recently issued reports on CDW shares. BidaskClub cut shares of CDW Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Zacks Investment Research raised shares of CDW Corporation from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research note on Tuesday, July 11th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $64.00 price objective on shares of CDW Corporation in a research note on Friday, May 19th. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $60.00 price objective (up previously from $59.00) on shares of CDW Corporation in a research note on Wednesday, August 9th. Finally, Barclays PLC cut shares of CDW Corporation from an “overweight” rating to an “equal weight” rating and set a $64.00 price objective for the company. in a research note on Monday, July 24th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. CDW Corporation has an average rating of “Buy” and a consensus price target of $66.39.
CDW Corporation (CDW) traded up 0.97% during mid-day trading on Tuesday, hitting $60.52. 606,987 shares of the stock traded hands. CDW Corporation has a 12-month low of $43.58 and a 12-month high of $66.33. The firm’s 50-day moving average is $62.05 and its 200-day moving average is $60.54. The company has a market cap of $9.37 billion, a price-to-earnings ratio of 22.98 and a beta of 1.08.
CDW Corporation (NASDAQ:CDW) last posted its quarterly earnings data on Thursday, August 3rd. The information technology services provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. The business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.84 billion. CDW Corporation had a net margin of 2.95% and a return on equity of 58.89%. The company’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.93 earnings per share. Equities research analysts expect that CDW Corporation will post $3.81 EPS for the current year.
CDW Corporation declared that its board has authorized a share repurchase plan on Thursday, August 3rd that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the information technology services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Friday, August 25th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date was Wednesday, August 23rd. CDW Corporation’s dividend payout ratio is presently 24.33%.
In related news, insider Neal J. Campbell sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $59.78, for a total value of $143,472.00. Following the completion of the sale, the insider now directly owns 29,679 shares in the company, valued at $1,774,210.62. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Thomas E. Richards sold 16,861 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 714,931 shares of the company’s stock, valued at $41,987,897.63. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 120,171 shares of company stock valued at $7,453,814. 2.60% of the stock is owned by insiders.
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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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