CDW Corporation (NASDAQ:CDW) insider Thomas E. Richards sold 15,207 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $66.25, for a total transaction of $1,007,463.75. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

CDW Corporation (CDW) traded down $0.31 during mid-day trading on Friday, hitting $66.11. 439,025 shares of the stock traded hands, compared to its average volume of 812,269. The stock has a market cap of $10,200.00, a P/E ratio of 18.98 and a beta of 1.08. The company has a debt-to-equity ratio of 4.20, a current ratio of 1.37 and a quick ratio of 1.15. CDW Corporation has a fifty-two week low of $50.49 and a fifty-two week high of $71.53.

CDW Corporation (NASDAQ:CDW) last released its quarterly earnings data on Wednesday, November 1st. The information technology services provider reported $1.08 EPS for the quarter, beating the consensus estimate of $1.02 by $0.06. The business had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $3.99 billion. CDW Corporation had a net margin of 2.90% and a return on equity of 62.71%. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.97 EPS. equities analysts forecast that CDW Corporation will post 3.64 earnings per share for the current year.

CDW Corporation declared that its board has initiated a stock 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 repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 24th will be issued a $0.21 dividend. This is an increase from CDW Corporation’s previous quarterly dividend of $0.16. This represents a $0.84 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Wednesday, November 22nd. CDW Corporation’s dividend payout ratio is 23.70%.

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Institutional investors and hedge funds have recently bought and sold shares of the stock. Lloyds Banking Group plc acquired a new position in shares of CDW Corporation in the 3rd quarter valued at $108,000. Toronto Dominion Bank lifted its stake in shares of CDW Corporation by 24.8% in the 2nd quarter. Toronto Dominion Bank now owns 1,973 shares of the information technology services provider’s stock valued at $123,000 after purchasing an additional 392 shares during the period. Massey Quick Simon & CO. LLC acquired a new position in shares of CDW Corporation in the 3rd quarter valued at $257,000. Financial Counselors Inc. lifted its stake in shares of CDW Corporation by 16.7% in the 2nd quarter. Financial Counselors Inc. now owns 4,339 shares of the information technology services provider’s stock valued at $271,000 after purchasing an additional 621 shares during the period. Finally, Smithfield Trust Co. lifted its stake in shares of CDW Corporation by 6.6% in the 2nd quarter. Smithfield Trust Co. now owns 4,863 shares of the information technology services provider’s stock valued at $304,000 after purchasing an additional 303 shares during the period. Hedge funds and other institutional investors own 91.25% of the company’s stock.

CDW has been the topic of several research analyst reports. BidaskClub raised shares of CDW Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Needham & Company LLC reissued a “buy” rating and set a $71.00 target price on shares of CDW Corporation in a research report on Monday, September 18th. Zacks Investment Research downgraded shares of CDW Corporation from a “hold” rating to a “strong sell” rating in a research report on Friday, July 28th. Stifel Nicolaus reissued a “buy” rating and set a $70.00 target price on shares of CDW Corporation in a research report on Tuesday, October 17th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and set a $60.00 target price (up previously from $59.00) on shares of CDW Corporation in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. CDW Corporation has a consensus rating of “Buy” and an average price target of $67.85.

CDW Corporation Company Profile

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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