Insider Selling: CDW Corp (CDW) Insider Sells $278,120.00 in Stock

CDW Corp (NASDAQ:CDW) insider Christina M. Corley sold 4,000 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $69.53, for a total transaction of $278,120.00. Following the completion of the transaction, the insider now directly owns 43,843 shares of the company’s stock, valued at approximately $3,048,403.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

CDW Corp (NASDAQ CDW) opened at $68.45 on Friday. 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 fifty-two week low of $50.49 and a fifty-two week high of $71.53. The stock has a market cap of $10,347.04, a price-to-earnings ratio of 19.10 and a beta of 1.06.

CDW (NASDAQ:CDW) last issued its earnings results on Wednesday, November 1st. The information technology services provider reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $4.03 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter last year, the company posted $0.97 earnings per share. The firm’s revenue was up 8.8% compared to the same quarter last year. analysts forecast that CDW Corp will post 3.64 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Friday, November 24th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Wednesday, November 22nd. This is a boost from CDW’s previous quarterly dividend of $0.16. CDW’s dividend payout ratio (DPR) is 31.11%.

Several institutional investors have recently modified their holdings of the stock. Alps Advisors Inc. increased its holdings in CDW by 0.3% in the second quarter. Alps Advisors Inc. now owns 8,059 shares of the information technology services provider’s stock valued at $504,000 after buying an additional 21 shares in the last quarter. Toronto Dominion Bank increased its holdings in CDW by 24.8% in the second 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. Financial Counselors Inc. increased its holdings in CDW by 16.7% in the second quarter. Financial Counselors Inc. now owns 4,339 shares of the information technology services provider’s stock valued at $271,000 after buying an additional 621 shares in the last quarter. ETRADE Capital Management LLC increased its holdings in CDW by 5.5% in the third quarter. ETRADE Capital Management LLC now owns 14,291 shares of the information technology services provider’s stock valued at $943,000 after buying an additional 748 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC increased its holdings in CDW by 7.9% in the third quarter. Jaffetilchin Investment Partners LLC now owns 12,538 shares of the information technology services provider’s stock valued at $828,000 after buying an additional 921 shares in the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have issued reports on CDW shares. Barclays reaffirmed a “hold” rating and issued a $69.00 price target on shares of CDW in a report on Sunday, November 5th. Raymond James Financial cut shares of CDW from a “market perform” rating to an “underperform” rating in a report on Friday, October 13th. BidaskClub raised shares of CDW from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Morgan Stanley raised their target price on shares of CDW from $58.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, November 2nd. Finally, Zacks Investment Research raised shares of CDW from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a report on Monday, October 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. CDW currently has an average rating of “Buy” and an average target price of $67.85.

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About CDW

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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