CDW Corp (CDW) Insider Thomas E. Richards Sells 13,721 Shares

CDW Corp (NASDAQ:CDW) insider Thomas E. Richards sold 13,721 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $72.93, for a total transaction of $1,000,672.53. Following the completion of the transaction, the insider now directly owns 642,302 shares of the company’s stock, valued at approximately $46,843,084.86. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

CDW Corp (CDW) traded up $0.31 on Thursday, hitting $73.79. 574,527 shares of the company’s stock traded hands, compared to its average volume of 711,192. CDW Corp has a twelve month low of $50.49 and a twelve month high of $74.11. The company has a market cap of $11,300.00, a P/E ratio of 27.33 and a beta of 1.06. 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 (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. CDW had a net margin of 2.90% and a return on equity of 62.71%. The business had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter in the prior year, the firm earned $0.97 EPS. The business’s revenue was up 8.8% on a year-over-year basis. analysts forecast that CDW Corp will post 3.64 earnings per share for the current year.

Several research analysts recently weighed in on the stock. Robert W. Baird reaffirmed a “buy” rating and issued a $75.00 target price on shares of CDW in a report on Wednesday, November 1st. ValuEngine raised shares of CDW from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. BidaskClub raised shares of CDW from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 7th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $70.00 target price on shares of CDW in a report on Tuesday, October 17th. Finally, Barclays reaffirmed a “hold” rating and issued a $69.00 target price on shares of CDW in a report on Sunday, November 5th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $68.75.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lloyds Banking Group plc bought a new position in shares of CDW during the 3rd quarter valued at about $108,000. Toronto Dominion Bank raised its position 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 valued at $123,000 after buying an additional 392 shares in the last quarter. Massey Quick Simon & CO. LLC purchased a new stake in shares of CDW during the 3rd quarter valued at about $257,000. Atria Investments LLC purchased a new stake in shares of CDW during the 4th quarter valued at about $313,000. Finally, BKD Wealth Advisors LLC raised its position in shares of 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 valued at $449,000 after buying an additional 880 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

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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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