CDW (CDW) Insider Sells $278,720.00 in Stock

CDW (NASDAQ:CDW) insider Christina M. Corley sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, April 16th. The shares were sold at an average price of $69.68, for a total transaction of $278,720.00. Following the completion of the sale, the insider now owns 36,177 shares in the company, valued at $2,520,813.36. The transaction was disclosed in a document filed with the SEC, which is available at this link.

NASDAQ:CDW opened at $71.53 on Friday. The company has a debt-to-equity ratio of 3.27, a quick ratio of 1.16 and a current ratio of 1.34. CDW has a one year low of $55.80 and a one year high of $76.73. The company has a market cap of $11,020.72, a P/E ratio of 19.55 and a beta of 1.08.

CDW (NASDAQ:CDW) last posted its earnings results on Wednesday, February 7th. The information technology services provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.93 by $0.05. CDW had a net margin of 3.44% and a return on equity of 65.93%. The business had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.85 billion. During the same period last year, the company earned $0.86 EPS. The firm’s revenue was up 9.9% compared to the same quarter last year. analysts expect that CDW will post 4.56 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. Ladenburg Thalmann Financial Services Inc. raised its holdings in CDW by 22.9% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,018 shares of the information technology services provider’s stock worth $279,000 after purchasing an additional 748 shares during the last quarter. Public Employees Retirement Association of Colorado raised its holdings in CDW by 2.7% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 30,998 shares of the information technology services provider’s stock worth $2,154,000 after purchasing an additional 828 shares during the last quarter. BKD Wealth Advisors LLC raised its holdings in CDW by 15.8% during the 4th quarter. BKD Wealth Advisors LLC now owns 6,460 shares of the information technology services provider’s stock worth $449,000 after purchasing an additional 880 shares during the last quarter. Amalgamated Bank raised its holdings in CDW by 3.1% during the 4th quarter. Amalgamated Bank now owns 29,903 shares of the information technology services provider’s stock worth $2,078,000 after purchasing an additional 897 shares during the last quarter. Finally, Advisor Group Inc. raised its holdings in CDW by 9.9% during the 4th quarter. Advisor Group Inc. now owns 11,093 shares of the information technology services provider’s stock worth $771,000 after purchasing an additional 999 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.

A number of equities research analysts have recently weighed in on CDW shares. BidaskClub downgraded shares of CDW from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 30th. Needham & Company LLC raised their price target on shares of CDW from $78.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, March 22nd. Robert W. Baird reiterated a “buy” rating and set a $80.00 target price on shares of CDW in a research report on Wednesday, February 7th. ValuEngine upgraded shares of CDW from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $80.00 target price on shares of CDW in a research report on Monday, January 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $75.78.

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CDW 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.

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

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