CDW common stock (NASDAQ:CDW) insider Christina M. Corley sold 14,900 shares of the business’s stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $85.44, for a total transaction of $1,273,056.00. Following the sale, the insider now owns 51,077 shares in the company, valued at $4,364,018.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of CDW common stock traded down $0.31, hitting $85.38, on Friday, MarketBeat Ratings reports. The company’s stock had a trading volume of 8,370 shares, compared to its average volume of 751,247. CDW common stock has a 52-week low of $58.57 and a 52-week high of $88.36. The company has a quick ratio of 1.16, a current ratio of 1.36 and a debt-to-equity ratio of 3.00. The firm has a market capitalization of $13.01 billion, a PE ratio of 22.01 and a beta of 1.03.
CDW common stock (NASDAQ:CDW) last released its quarterly earnings data on Thursday, August 2nd. The information technology services provider reported $1.38 EPS for the quarter, topping the consensus estimate of $1.24 by $0.14. CDW common stock had a net margin of 3.99% and a return on equity of 71.09%. The business had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same period in the previous year, the firm earned $1.03 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. research analysts expect that CDW common stock will post 4.85 EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG boosted its position in shares of CDW common stock by 17.1% in the 1st quarter. UBS Group AG now owns 33,324 shares of the information technology services provider’s stock worth $2,343,000 after buying an additional 4,875 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in CDW common stock by 22.9% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,018 shares of the information technology services provider’s stock valued at $279,000 after purchasing an additional 748 shares during the last quarter. Jane Street Group LLC acquired a new position in CDW common stock in the 4th quarter valued at about $280,000. Aperio Group LLC raised its stake in CDW common stock by 3.0% in the 1st quarter. Aperio Group LLC now owns 46,569 shares of the information technology services provider’s stock valued at $3,274,000 after purchasing an additional 1,372 shares during the last quarter. Finally, Westwood Management Corp IL raised its stake in CDW common stock by 935.3% in the 2nd quarter. Westwood Management Corp IL now owns 35,200 shares of the information technology services provider’s stock valued at $2,844,000 after purchasing an additional 31,800 shares during the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.
Several brokerages have commented on CDW. Needham & Company LLC boosted their target price on shares of CDW common stock from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, August 3rd. Stifel Nicolaus restated a “buy” rating and set a $92.00 target price on shares of CDW common stock in a research report on Monday, July 23rd. Zacks Investment Research upgraded shares of CDW common stock from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research report on Tuesday, May 8th. BidaskClub upgraded shares of CDW common stock from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 2nd. Finally, Robert W. Baird reiterated a “buy” rating on shares of CDW common stock in a research report on Wednesday, May 2nd. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $87.00.
About CDW common stock
CDW Corporation provides integrated information technology (IT) solutions to business, government, education, and healthcare customers in the United States, Canada, and the United Kingdom. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products, as well as integrated IT solutions, including mobility, security, data center optimization, cloud computing, virtualization, and collaboration.
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