CDW Corporation (NASDAQ:CDW) Insider Sells $459,352.00 in Stock

CDW Corporation (NASDAQ:CDW) insider Jonathan J. Stevens sold 6,700 shares of the company’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $68.56, for a total transaction of $459,352.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

CDW Corporation (CDW) traded up 0.169% during mid-day trading on Monday, reaching $68.195. The company’s stock had a trading volume of 410,384 shares. CDW Corporation has a 12 month low of $43.64 and a 12 month high of $71.53. The company has a market cap of $10.56 billion, a price-to-earnings ratio of 25.890 and a beta of 1.08. The stock’s 50 day moving average is $64.36 and its 200 day moving average is $61.73.

CDW Corporation (NASDAQ:CDW) last issued its earnings results on Thursday, August 3rd. The information technology services provider reported $1.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.05. CDW Corporation had a return on equity of 58.89% and a net margin of 2.95%. The firm had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $3.84 billion. During the same quarter last year, the business earned $0.93 earnings per share. The company’s revenue was up 9.0% compared to the same quarter last year. Equities research analysts predict that CDW Corporation will post $3.83 EPS for the current year.

CDW Corporation declared that its Board of Directors has initiated a share buyback program on Thursday, August 3rd that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the information technology services provider to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

TRADEMARK VIOLATION NOTICE: This news story was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://ledgergazette.com/2017/10/16/cdw-corporation-cdw-insider-jonathan-j-stevens-sells-6700-shares-of-stock.html.

A number of institutional investors and hedge funds have recently modified their holdings of CDW. Toronto Dominion Bank boosted its holdings in CDW Corporation by 24.8% during the second 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. Brown Advisory Securities LLC bought a new position in CDW Corporation during the first quarter worth about $212,000. Achmea Investment Management B.V. bought a new position in CDW Corporation during the first quarter worth about $226,000. United Services Automobile Association bought a new position in CDW Corporation during the first quarter worth about $239,000. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in CDW Corporation by 1.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,542 shares of the information technology services provider’s stock worth $262,000 after buying an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 90.57% of the company’s stock.

Several equities research analysts recently weighed in on CDW shares. BidaskClub raised shares of CDW Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Needham & Company LLC reissued a “buy” rating and issued a $71.00 price target on shares of CDW Corporation in a report on Monday, September 18th. Zacks Investment Research raised shares of CDW Corporation from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a report on Tuesday, July 11th. J P Morgan Chase & Co reissued a “neutral” rating and issued a $60.00 price target (up from $59.00) on shares of CDW Corporation in a report on Wednesday, August 9th. Finally, Raymond James Financial, Inc. downgraded shares of CDW Corporation from a “market perform” rating to an “underperform” rating in a report on Friday. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $66.95.

CDW Corporation 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

CDW Corporation (CDW) traded up 0.169% during mid-day trading on Monday, reaching $68.195. The company’s stock had a trading volume of 410,384 shares. CDW Corporation has a 12 month low of $43.64 and a 12 month high of $71.53. The company has a market cap of $10.56 billion, a price-to-earnings ratio of 25.890 and a beta of 1.08. The stock’s 50 day moving average is $64.36 and its 200 day moving average is $61.73.

CDW Corporation (NASDAQ:CDW) last issued its earnings results on Thursday, August 3rd. The information technology services provider reported $1.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.05. CDW Corporation had a return on equity of 58.89% and a net margin of 2.95%. The firm had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $3.84 billion. During the same quarter last year, the business earned $0.93 earnings per share. The company’s revenue was up 9.0% compared to the same quarter last year. Equities research analysts predict that CDW Corporation will post $3.83 EPS for the current year.

CDW Corporation declared that its Board of Directors has initiated a share buyback program on Thursday, August 3rd that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the information technology services provider to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

TRADEMARK VIOLATION NOTICE: This news story was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://ledgergazette.com/2017/10/16/cdw-corporation-cdw-insider-jonathan-j-stevens-sells-6700-shares-of-stock.html.

A number of institutional investors and hedge funds have recently modified their holdings of CDW. Toronto Dominion Bank boosted its holdings in CDW Corporation by 24.8% during the second 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. Brown Advisory Securities LLC bought a new position in CDW Corporation during the first quarter worth about $212,000. Achmea Investment Management B.V. bought a new position in CDW Corporation during the first quarter worth about $226,000. United Services Automobile Association bought a new position in CDW Corporation during the first quarter worth about $239,000. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in CDW Corporation by 1.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,542 shares of the information technology services provider’s stock worth $262,000 after buying an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 90.57% of the company’s stock.

Several equities research analysts recently weighed in on CDW shares. BidaskClub raised shares of CDW Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Needham & Company LLC reissued a “buy” rating and issued a $71.00 price target on shares of CDW Corporation in a report on Monday, September 18th. Zacks Investment Research raised shares of CDW Corporation from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a report on Tuesday, July 11th. J P Morgan Chase & Co reissued a “neutral” rating and issued a $60.00 price target (up from $59.00) on shares of CDW Corporation in a report on Wednesday, August 9th. Finally, Raymond James Financial, Inc. downgraded shares of CDW Corporation from a “market perform” rating to an “underperform” rating in a report on Friday. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $66.95.

CDW Corporation 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.

Insider Buying and Selling by Quarter for CDW Corporation (NASDAQ:CDW)

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