CDW (NASDAQ:CDW) insider Robert F. Kirby sold 1,300 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $111.60, for a total value of $145,080.00. Following the completion of the transaction, the insider now directly owns 32,470 shares in the company, valued at approximately $3,623,652. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of NASDAQ CDW traded up $2.05 during trading on Thursday, hitting $122.43. The company had a trading volume of 55,868 shares, compared to its average volume of 673,914. The stock has a 50 day simple moving average of $114.11 and a 200 day simple moving average of $107.03. The company has a debt-to-equity ratio of 3.57, a quick ratio of 1.09 and a current ratio of 1.28. CDW has a 12 month low of $74.32 and a 12 month high of $122.20. The firm has a market capitalization of $17.71 billion, a P/E ratio of 24.02, a price-to-earnings-growth ratio of 1.54 and a beta of 1.10.
CDW (NASDAQ:CDW) last posted its quarterly earnings data on Wednesday, July 31st. The information technology services provider reported $1.55 EPS for the quarter, topping the consensus estimate of $1.45 by $0.10. CDW had a return on equity of 82.78% and a net margin of 4.07%. The firm had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.50 billion. During the same quarter last year, the company earned $1.38 earnings per share. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. As a group, analysts predict that CDW will post 5.62 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Johnson Financial Group Inc. bought a new position in shares of CDW in the second quarter worth about $28,000. CSat Investment Advisory L.P. purchased a new stake in shares of CDW during the second quarter worth about $28,000. Berman Capital Advisors LLC grew its position in shares of CDW by 166.3% during the second quarter. Berman Capital Advisors LLC now owns 277 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 173 shares in the last quarter. Cullen Frost Bankers Inc. grew its position in shares of CDW by 478.4% during the second quarter. Cullen Frost Bankers Inc. now owns 295 shares of the information technology services provider’s stock worth $33,000 after purchasing an additional 244 shares in the last quarter. Finally, Liberty Wealth Management LLC purchased a new stake in shares of CDW during the second quarter worth about $56,000. 91.38% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have weighed in on CDW. JPMorgan Chase & Co. downgraded CDW from a “neutral” rating to an “underweight” rating and set a $116.00 target price on the stock. in a report on Monday, August 5th. They noted that the move was a valuation call. Zacks Investment Research raised CDW from a “hold” rating to a “strong-buy” rating and set a $113.00 target price on the stock in a report on Tuesday, August 6th. Bank of America began coverage on CDW in a report on Tuesday, July 30th. They issued a “buy” rating and a $140.00 target price on the stock. Deutsche Bank began coverage on CDW in a report on Tuesday, June 11th. They issued a “buy” rating and a $113.00 target price on the stock. Finally, ValuEngine downgraded CDW from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. CDW has an average rating of “Buy” and a consensus price target of $118.13.
CDW Company Profile
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.
Further Reading: Depreciation
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