CDW Corp (NASDAQ:CDW) insider Christina V. Rother sold 7,702 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $68.58, for a total value of $528,203.16. Following the completion of the sale, the insider now owns 124,383 shares in the company, valued at approximately $8,530,186.14. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of CDW Corp (CDW) traded up $1.06 during trading hours on Tuesday, reaching $69.37. The company’s stock had a trading volume of 905,387 shares, compared to its average volume of 949,990. The firm has a market cap of $10,582.76, a PE ratio of 20.51 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 Corp has a 52-week low of $55.80 and a 52-week high of $76.73.
CDW (NASDAQ:CDW) last announced its earnings results on Wednesday, February 7th. The information technology services provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. The firm had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.85 billion. CDW had a return on equity of 68.41% and a net margin of 3.44%. CDW’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.86 EPS. equities analysts anticipate that CDW Corp will post 4.28 EPS for the current year.
CDW has been the topic of a number of research reports. ValuEngine upgraded CDW from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Robert W. Baird restated a “buy” rating and issued a $80.00 price target on shares of CDW in a report on Wednesday, February 7th. BidaskClub upgraded CDW from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Royal Bank of Canada restated a “buy” rating and issued a $80.00 price target on shares of CDW in a report on Monday, January 15th. Finally, Zacks Investment Research upgraded CDW from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a report on Monday, October 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $72.00.
Large investors have recently made changes to their positions in the business. Lloyds Banking Group plc acquired a new stake in CDW during the 3rd quarter valued at $108,000. Cerebellum GP LLC acquired a new stake in CDW during the 4th quarter valued at $128,000. Toronto Dominion Bank grew its holdings in 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 during the last quarter. Delpha Capital Management LLC acquired a new stake in CDW during the 4th quarter valued at $154,000. Finally, SG Americas Securities LLC acquired a new stake in CDW during the 4th quarter valued at $184,000. Hedge funds and other institutional investors own 90.62% of the company’s stock.
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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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