CDW Corp (CDW) Insider Neal J. Campbell Sells 2,400 Shares

CDW Corp (NASDAQ:CDW) insider Neal J. Campbell sold 2,400 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $68.22, for a total transaction of $163,728.00. Following the completion of the transaction, the insider now owns 28,479 shares in the company, valued at approximately $1,942,837.38. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of CDW Corp (NASDAQ CDW) traded up $0.74 on Friday, hitting $69.76. 822,280 shares of the stock traded hands, compared to its average volume of 811,900. CDW Corp has a 52 week low of $50.49 and a 52 week high of $71.53. The firm has a market cap of $10,670.00, a price-to-earnings ratio of 19.33 and a beta of 1.06. The company has a current ratio of 1.37, a quick ratio of 1.15 and a debt-to-equity ratio of 4.20.

CDW (NASDAQ:CDW) last announced its quarterly earnings results on Wednesday, November 1st. The information technology services provider reported $1.08 EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $4.03 billion for the quarter, compared to analyst estimates of $3.99 billion. During the same quarter in the prior year, the business posted $0.97 EPS. CDW’s quarterly revenue was up 8.8% on a year-over-year basis. research analysts anticipate that CDW Corp will post 3.64 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 24th will be paid a dividend of $0.21 per share. This is a positive change from CDW’s previous quarterly dividend of $0.16. The ex-dividend date is Wednesday, November 22nd. This represents a $0.84 annualized dividend and a dividend yield of 1.20%. CDW’s dividend payout ratio is 31.11%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Alps Advisors Inc. increased its stake in shares of CDW by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 8,059 shares of the information technology services provider’s stock worth $504,000 after purchasing an additional 21 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of CDW by 24.8% during the 2nd quarter. Toronto Dominion Bank now owns 1,973 shares of the information technology services provider’s stock worth $123,000 after purchasing an additional 392 shares during the last quarter. Financial Counselors Inc. increased its stake in shares of CDW by 16.7% during the 2nd quarter. Financial Counselors Inc. now owns 4,339 shares of the information technology services provider’s stock worth $271,000 after purchasing an additional 621 shares during the last quarter. ETRADE Capital Management LLC increased its stake in shares of CDW by 5.5% during the 3rd quarter. ETRADE Capital Management LLC now owns 14,291 shares of the information technology services provider’s stock worth $943,000 after purchasing an additional 748 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC increased its stake in shares of CDW by 7.9% during the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 12,538 shares of the information technology services provider’s stock worth $828,000 after purchasing an additional 921 shares during the last quarter. Institutional investors own 90.81% of the company’s stock.

Several research analysts have weighed in on the stock. Zacks Investment Research lowered shares of CDW from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub upgraded shares of CDW from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 7th. Barclays reiterated a “hold” rating and issued a $69.00 price objective on shares of CDW in a research note on Sunday, November 5th. Morgan Stanley upped their price objective on shares of CDW from $58.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday, November 2nd. Finally, Robert W. Baird reiterated a “buy” rating and issued a $75.00 price objective on shares of CDW in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $67.85.

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About CDW

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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