Headlines about CDW Corporation (NASDAQ:CDW) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. CDW Corporation earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned news coverage about the information technology services provider an impact score of 44 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news articles that may have effected Accern’s rankings:
- Can MSCI Inc. (NYSE:MSCI) or CDW Corporation (NASDAQ:CDW) Climb The Ladder? – FLBC News (flbcnews.com)
- Corporate News Blog – Science Applications International Awarded $48 Million Task Order by the National Institute of Mental Health (money.ca)
- Exxon Mobil Corporation (XOM) Stake Decreased by AMG National Trust Bank (ismboard.com)
- See How CDW Ranks Among Analysts’ Top Picks With Strong Buyback Activity (thestreet.com)
- CDW Corp. breached its 50 day moving average in a Bearish Manner : CDW-US : August 10, 2017 (finance.yahoo.com)
CDW Corporation (NASDAQ CDW) traded up 0.46% during mid-day trading on Friday, reaching $61.06. The company’s stock had a trading volume of 541,205 shares. The firm has a market capitalization of $9.46 billion, a PE ratio of 23.18 and a beta of 1.08. CDW Corporation has a 12 month low of $43.46 and a 12 month high of $66.33. The stock’s 50-day moving average is $63.34 and its 200-day moving average is $59.65.
CDW Corporation (NASDAQ:CDW) last released its earnings results on Thursday, August 3rd. The information technology services provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. The business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.84 billion. CDW Corporation had a net margin of 2.95% and a return on equity of 58.89%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.93 earnings per share. On average, equities analysts anticipate that CDW Corporation will post $3.83 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Friday, August 25th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Wednesday, August 23rd. CDW Corporation’s dividend payout ratio (DPR) is currently 24.33%.
CDW Corporation declared that its Board of Directors has approved a share repurchase plan on Thursday, August 3rd that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the information technology services provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
Several equities research analysts recently issued reports on CDW shares. Zacks Investment Research upgraded CDW Corporation from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a report on Tuesday, July 11th. J P Morgan Chase & Co restated a “neutral” rating and set a $60.00 price target (up previously from $59.00) on shares of CDW Corporation in a report on Wednesday. Robert W. Baird restated a “hold” rating on shares of CDW Corporation in a report on Wednesday, May 3rd. BidaskClub upgraded CDW Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Finally, Barclays PLC cut CDW Corporation from an “overweight” rating to an “equal weight” rating and set a $64.00 price objective for the company. in a research report on Monday, July 24th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. CDW Corporation currently has an average rating of “Buy” and a consensus price target of $65.94.
In related news, insider Neal J. Campbell sold 5,000 shares of CDW Corporation stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $63.12, for a total transaction of $315,600.00. Following the completion of the sale, the insider now owns 54,417 shares of the company’s stock, valued at approximately $3,434,801.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jonathan J. Stevens sold 6,700 shares of CDW Corporation stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $60.93, for a total transaction of $408,231.00. Following the completion of the sale, the insider now owns 96,040 shares of the company’s stock, valued at approximately $5,851,717.20. The disclosure for this sale can be found here. In the last three months, insiders sold 84,833 shares of company stock valued at $5,266,312. Insiders own 2.20% of the company’s stock.
CDW Corporation 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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