CDW Corp (NASDAQ:CDW) insider Jonathan J. Stevens sold 6,700 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $69.30, for a total transaction of $464,310.00. Following the sale, the insider now owns 74,366 shares in the company, valued at $5,153,563.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

CDW Corp (NASDAQ:CDW) traded down $0.73 during mid-day trading on Wednesday, hitting $69.41. 664,200 shares of the stock were exchanged, compared to its average volume of 812,441. CDW Corp has a twelve month low of $50.49 and a twelve month high of $71.53. The company has a debt-to-equity ratio of 4.20, a current ratio of 1.37 and a quick ratio of 1.15. The firm has a market capitalization of $10,735.83, a price-to-earnings ratio of 19.81 and a beta of 1.06.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 24th will be issued a dividend of $0.21 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.21%. This is a positive change from CDW’s previous quarterly dividend of $0.16. CDW’s payout ratio is currently 31.11%.

Several hedge funds have recently added to or reduced their stakes in CDW. Lloyds Banking Group plc acquired a new stake in shares of CDW during the third quarter valued at approximately $108,000. Toronto Dominion Bank raised its holdings in shares of CDW by 24.8% during the second quarter. Toronto Dominion Bank now owns 1,973 shares of the information technology services provider’s stock valued at $123,000 after acquiring an additional 392 shares during the period. Massey Quick Simon & CO. LLC acquired a new stake in shares of CDW during the third quarter valued at approximately $257,000. Financial Counselors Inc. raised its holdings in shares of CDW by 16.7% during the second quarter. Financial Counselors Inc. now owns 4,339 shares of the information technology services provider’s stock valued at $271,000 after acquiring an additional 621 shares during the period. Finally, Bbva Compass Bancshares Inc. raised its holdings in shares of CDW by 11.9% during the second quarter. Bbva Compass Bancshares Inc. now owns 6,726 shares of the information technology services provider’s stock valued at $420,000 after acquiring an additional 715 shares during the period. Institutional investors and hedge funds own 90.81% of the company’s stock.

CDW has been the topic of a number of research reports. Zacks Investment Research downgraded shares of CDW from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Needham & Company LLC reiterated a “buy” rating and issued a $71.00 target price on shares of CDW in a report on Monday, September 18th. BidaskClub upgraded shares of CDW from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $70.00 target price on shares of CDW in a report on Tuesday, October 17th. Finally, Raymond James Financial downgraded shares of CDW from a “market perform” rating to an “underperform” rating in a report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $67.85.

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CDW 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 (NASDAQ:CDW)

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