CDW Corporation (NASDAQ:CDW) insider Christine A. Leahy sold 12,000 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $60.26, for a total value of $723,120.00. Following the completion of the transaction, the insider now directly owns 162,130 shares of the company’s stock, valued at approximately $9,769,953.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

CDW Corporation (CDW) traded up 0.62% during trading on Thursday, reaching $61.69. The company had a trading volume of 580,649 shares. The firm has a 50-day moving average of $61.83 and a 200-day moving average of $60.56. CDW Corporation has a 1-year low of $43.64 and a 1-year high of $66.33. The stock has a market capitalization of $9.55 billion, a price-to-earnings ratio of 23.42 and a beta of 1.08.

CDW Corporation (NASDAQ:CDW) last announced its quarterly earnings data on Thursday, August 3rd. The information technology services provider reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.05. The firm had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.84 billion. CDW Corporation had a net margin of 2.95% and a return on equity of 58.89%. The firm’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.93 earnings per share. On average, analysts anticipate that CDW Corporation will post $3.83 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Friday, August 25th were given a $0.16 dividend. The ex-dividend date was Wednesday, August 23rd. This represents a $0.64 dividend on an annualized basis and a yield of 1.04%. CDW Corporation’s payout ratio is currently 24.33%.

CDW Corporation announced that its Board of Directors has approved a share buyback 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. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

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Several equities analysts have recently issued reports on the company. Stifel Nicolaus reissued a “buy” rating and issued a $70.00 price objective on shares of CDW Corporation in a report on Tuesday. BidaskClub cut CDW Corporation from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. J P Morgan Chase & Co reissued a “neutral” rating and issued a $60.00 price objective (up previously from $59.00) on shares of CDW Corporation in a report on Wednesday, August 9th. Royal Bank Of Canada reissued an “outperform” rating and issued a $71.00 price objective (up previously from $70.00) on shares of CDW Corporation in a report on Wednesday, August 9th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $75.00 price objective (up previously from $71.00) on shares of CDW Corporation in a report on Wednesday, August 9th. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $66.39.

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in CDW Corporation by 4.5% in the first quarter. Vanguard Group Inc. now owns 15,015,969 shares of the information technology services provider’s stock valued at $866,571,000 after purchasing an additional 653,020 shares during the period. BlackRock Inc. lifted its position in CDW Corporation by 7,281.8% in the first quarter. BlackRock Inc. now owns 10,875,190 shares of the information technology services provider’s stock valued at $627,607,000 after purchasing an additional 10,727,865 shares during the period. JPMorgan Chase & Co. lifted its position in CDW Corporation by 13.0% in the first quarter. JPMorgan Chase & Co. now owns 4,787,140 shares of the information technology services provider’s stock valued at $276,266,000 after purchasing an additional 549,088 shares during the period. State Street Corp lifted its position in CDW Corporation by 3.0% in the first quarter. State Street Corp now owns 2,836,131 shares of the information technology services provider’s stock valued at $163,683,000 after purchasing an additional 81,539 shares during the period. Finally, Eaton Vance Management lifted its position in CDW Corporation by 7.6% in the second quarter. Eaton Vance Management now owns 1,518,629 shares of the information technology services provider’s stock valued at $94,960,000 after purchasing an additional 107,227 shares during the period. Hedge funds and other institutional investors own 90.64% of the company’s stock.

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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