CDW Sees Unusually Large Options Volume (CDW)

CDW Corp (NASDAQ:CDW) was the recipient of unusually large options trading on Friday. Stock investors acquired 952 call options on the company. This represents an increase of 1,731% compared to the typical daily volume of 52 call options.

A number of research analysts have recently commented on CDW shares. Zacks Investment Research cut CDW from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub upgraded CDW from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Royal Bank of Canada restated a “buy” rating and issued a $80.00 target price on shares of CDW in a research note on Monday, January 15th. Stifel Nicolaus restated a “buy” rating and issued a $70.00 target price on shares of CDW in a research note on Tuesday, October 17th. Finally, Raymond James Financial cut CDW from a “market perform” rating to an “underperform” rating in a research note on Friday, October 13th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $68.75.

CDW (NASDAQ CDW) opened at $75.21 on Monday. The stock has a market capitalization of $11,511.87, a price-to-earnings ratio of 27.86 and a beta of 1.06. CDW has a one year low of $50.49 and a one year high of $75.27. The company has a debt-to-equity ratio of 4.20, a quick ratio of 1.15 and a current ratio of 1.37.

CDW (NASDAQ:CDW) last announced its quarterly earnings data 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. The business had revenue of $4.03 billion during the quarter, compared to analysts’ expectations of $3.99 billion. CDW had a return on equity of 62.71% and a net margin of 2.90%. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.97 earnings per share. equities research analysts forecast that CDW will post 3.64 EPS for the current fiscal year.

In other news, insider Neal J. Campbell sold 2,400 shares of CDW stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $68.22, for a total value of $163,728.00. Following the sale, the insider now directly owns 28,479 shares in the company, valued at approximately $1,942,837.38. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Ann Elizabeth Ziegler sold 39,147 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $68.94, for a total value of $2,698,794.18. Following the completion of the transaction, the insider now owns 47,477 shares of the company’s stock, valued at approximately $3,273,064.38. The disclosure for this sale can be found here. Over the last quarter, insiders sold 115,245 shares of company stock worth $7,962,697. Corporate insiders own 2.60% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Lingohr & Partner Asset Management GmbH raised its stake in shares of CDW by 33.5% in the fourth quarter. Lingohr & Partner Asset Management GmbH now owns 13,151 shares of the information technology services provider’s stock worth $914,000 after purchasing an additional 3,302 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of CDW by 276.3% in the fourth quarter. State of Alaska Department of Revenue now owns 15,390 shares of the information technology services provider’s stock worth $1,069,000 after purchasing an additional 11,300 shares during the last quarter. BKD Wealth Advisors LLC raised its stake in shares of CDW by 15.8% in the fourth quarter. BKD Wealth Advisors LLC now owns 6,460 shares of the information technology services provider’s stock worth $449,000 after purchasing an additional 880 shares during the last quarter. Alpha Windward LLC purchased a new position in shares of CDW in the fourth quarter worth $530,000. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of CDW by 1.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 814,983 shares of the information technology services provider’s stock worth $56,634,000 after purchasing an additional 14,472 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

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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.

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