CDW Corp (CDW) Insider Christina M. Corley Sells 4,000 Shares

CDW Corp (NASDAQ:CDW) insider Christina M. Corley sold 4,000 shares of CDW stock in a transaction on Monday, January 8th. The stock was sold at an average price of $72.59, for a total value of $290,360.00. Following the sale, the insider now owns 39,843 shares in the company, valued at $2,892,203.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

CDW Corp (NASDAQ:CDW) traded down $0.52 during midday trading on Thursday, hitting $72.34. The stock had a trading volume of 722,100 shares, compared to its average volume of 758,900. CDW Corp has a 12 month low of $50.49 and a 12 month high of $74.01. The company has a debt-to-equity ratio of 4.20, a quick ratio of 1.15 and a current ratio of 1.37. The company has a market cap of $11,000.00, a price-to-earnings ratio of 26.79 and a beta of 1.06.

CDW (NASDAQ:CDW) last released its earnings results on Wednesday, November 1st. The information technology services provider reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.06. The company had revenue of $4.03 billion during the quarter, compared to analyst estimates of $3.99 billion. CDW had a return on equity of 62.71% and a net margin of 2.90%. CDW’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.97 EPS. sell-side analysts anticipate that CDW Corp will post 3.64 earnings per share for the current year.

A number of analysts recently commented on the company. Zacks Investment Research lowered CDW from a “hold” rating to a “sell” rating in a report on Wednesday. BidaskClub raised CDW from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 7th. Barclays reissued a “hold” rating and issued a $69.00 target price on shares of CDW in a research report on Sunday, November 5th. Morgan Stanley lifted their price target on CDW from $58.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday, November 2nd. Finally, Robert W. Baird reiterated a “buy” rating and issued a $75.00 price target on shares of CDW in a research report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $67.85.

Hedge funds have recently bought and sold shares of the business. Lloyds Banking Group plc purchased a new position in shares of CDW during the 3rd quarter worth approximately $108,000. Toronto Dominion Bank grew its stake in shares of CDW by 24.8% in the 2nd quarter. Toronto Dominion Bank now owns 1,973 shares of the information technology services provider’s stock worth $123,000 after buying an additional 392 shares during the last quarter. Massey Quick Simon & CO. LLC purchased a new stake in shares of CDW in the 3rd quarter worth approximately $257,000. Financial Counselors Inc. grew its stake in shares of CDW by 16.7% in the 2nd quarter. Financial Counselors Inc. now owns 4,339 shares of the information technology services provider’s stock worth $271,000 after buying an additional 621 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of CDW by 110.9% in the 3rd quarter. Nordea Investment Management AB now owns 7,184 shares of the information technology services provider’s stock worth $474,000 after buying an additional 3,777 shares during the last quarter. Hedge funds and other institutional investors own 90.55% of the company’s stock.

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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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