CDW Corp (NASDAQ:CDW) insider Thomas E. Richards sold 13,721 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $72.93, for a total transaction of $1,000,672.53. Following the sale, the insider now directly owns 642,302 shares in the company, valued at $46,843,084.86. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Shares of CDW Corp (CDW) opened at $75.21 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.37 and a debt-to-equity ratio of 4.20. The stock has a market cap of $11,511.87, a PE ratio of 27.86 and a beta of 1.06. CDW Corp has a fifty-two week low of $50.49 and a fifty-two week high of $75.27.
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, beating the Zacks’ consensus estimate of $1.02 by $0.06. The company had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $3.99 billion. CDW had a net margin of 2.90% and a return on equity of 62.71%. CDW’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.97 EPS. analysts predict that CDW Corp will post 3.64 earnings per share for the current year.
CDW has been the topic of several analyst reports. Barclays reissued a “hold” rating and set a $69.00 price target on shares of CDW in a research 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. Morgan Stanley upped their target price on shares of CDW from $58.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, November 2nd. Zacks Investment Research cut shares of CDW from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $70.00 target price on shares of CDW in a report on Tuesday, October 17th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $68.75.
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CDW 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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