Insider Selling: CDW (CDW) Insider Sells $535,382.19 in Stock

CDW (NASDAQ:CDW) insider Matthew A. Troka sold 6,139 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $87.21, for a total transaction of $535,382.19. Following the transaction, the insider now directly owns 160,004 shares in the company, valued at $13,953,948.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of NASDAQ:CDW opened at $91.08 on Friday. The company has a market capitalization of $13.53 billion, a P/E ratio of 18.83 and a beta of 1.02. The company has a current ratio of 1.41, a quick ratio of 1.24 and a debt-to-equity ratio of 2.75. CDW has a 1 year low of $65.59 and a 1 year high of $92.18.

CDW (NASDAQ:CDW) last announced its quarterly earnings data on Wednesday, October 31st. The information technology services provider reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.08. The business had revenue of $4.37 billion for the quarter, compared to analysts’ expectations of $4.24 billion. CDW had a net margin of 4.24% and a return on equity of 70.39%. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period last year, the firm posted $1.08 earnings per share. As a group, equities analysts predict that CDW will post 4.88 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Monday, November 26th will be paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 1.30%. This is a boost from CDW’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Friday, November 23rd. CDW’s dividend payout ratio (DPR) is 21.65%.

A number of large investors have recently made changes to their positions in the stock. Bessemer Group Inc. boosted its position in CDW by 149.5% in the third quarter. Bessemer Group Inc. now owns 1,295 shares of the information technology services provider’s stock valued at $115,000 after buying an additional 776 shares in the last quarter. Synovus Financial Corp boosted its position in CDW by 62.1% in the third quarter. Synovus Financial Corp now owns 1,470 shares of the information technology services provider’s stock valued at $131,000 after buying an additional 563 shares in the last quarter. Bank of Hawaii acquired a new stake in CDW in the second quarter valued at approximately $209,000. Measured Wealth Private Client Group LLC acquired a new stake in CDW in the second quarter valued at approximately $224,000. Finally, Alta Capital Management LLC acquired a new stake in CDW in the third quarter valued at approximately $232,000. 89.40% of the stock is currently owned by institutional investors and hedge funds.

CDW has been the topic of several recent research reports. BidaskClub raised shares of CDW from a “hold” rating to a “buy” rating in a report on Wednesday, October 17th. Zacks Investment Research cut shares of CDW from a “buy” rating to a “hold” rating in a report on Wednesday, October 3rd. ValuEngine cut shares of CDW from a “buy” rating to a “hold” rating in a report on Monday, October 8th. Morgan Stanley raised their target price on shares of CDW from $78.00 to $89.00 and gave the stock an “equal weight” rating in a report on Friday, August 3rd. Finally, Needham & Company LLC lifted their price objective on shares of CDW from $84.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, August 3rd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $88.63.

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

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