CDW (NASDAQ:CDW) Director Steven W. Alesio sold 14,013 shares of the business’s stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $89.09, for a total value of $1,248,418.17. Following the transaction, the director now owns 24,183 shares of the company’s stock, valued at $2,154,463.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
CDW stock opened at $92.71 on Thursday. CDW has a 52 week low of $67.44 and a 52 week high of $96.75. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.41 and a quick ratio of 1.24. The stock has a market cap of $13.88 billion, a P/E ratio of 18.18 and a beta of 1.05.
CDW (NASDAQ:CDW) last posted its quarterly earnings data on Thursday, February 7th. The information technology services provider reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.11. CDW had a return on equity of 72.89% and a net margin of 3.96%. The firm had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.04 billion. During the same period in the prior year, the business earned $0.99 EPS. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities research analysts predict that CDW will post 5.3 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 12th. Stockholders of record on Monday, February 25th will be issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, February 22nd. CDW’s payout ratio is currently 23.14%.
Institutional investors and hedge funds have recently bought and sold shares of the company. Riverhead Capital Management LLC boosted its holdings in shares of CDW by 82.4% in the 3rd quarter. Riverhead Capital Management LLC now owns 1,550 shares of the information technology services provider’s stock worth $138,000 after purchasing an additional 700 shares in the last quarter. Cerebellum GP LLC boosted its holdings in shares of CDW by 62.3% in the 4th quarter. Cerebellum GP LLC now owns 3,316 shares of the information technology services provider’s stock worth $269,000 after purchasing an additional 1,273 shares in the last quarter. Twin Capital Management Inc. purchased a new position in shares of CDW in the 3rd quarter worth about $1,445,000. CIBC World Markets Inc. boosted its holdings in shares of CDW by 31.6% in the 3rd quarter. CIBC World Markets Inc. now owns 60,140 shares of the information technology services provider’s stock worth $5,348,000 after purchasing an additional 14,444 shares in the last quarter. Finally, Calamos Wealth Management LLC purchased a new position in shares of CDW in the 4th quarter worth about $405,000. Hedge funds and other institutional investors own 90.04% of the company’s stock.
Several equities analysts recently commented on CDW shares. BidaskClub upgraded CDW from a “hold” rating to a “buy” rating in a research report on Wednesday, October 17th. Zacks Investment Research upgraded CDW from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a research report on Tuesday, October 23rd. Finally, ValuEngine upgraded CDW from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $91.50.
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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.
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