Insider Selling: CDW (NASDAQ:CDW) Insider Sells 18,750 Shares of Stock

CDW (NASDAQ:CDW) insider Thomas E. Richards sold 18,750 shares of the firm’s stock in a transaction on Tuesday, January 15th. The shares were sold at an average price of $79.95, for a total transaction of $1,499,062.50. Following the sale, the insider now owns 596,525 shares in the company, valued at $47,692,173.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

CDW traded up $0.20 on Monday, reaching $90.51. 805,300 shares of the company traded hands, compared to its average volume of 987,174. CDW has a one year low of $67.44 and a one year high of $96.75. The firm has a market capitalization of $13.61 billion, a price-to-earnings ratio of 17.75 and a beta of 1.05. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.41 and a quick ratio of 1.24.

CDW (NASDAQ:CDW) last announced its quarterly earnings data on Thursday, February 7th. The information technology services provider reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.11. CDW had a net margin of 3.96% and a return on equity of 72.89%. The company had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.04 billion. During the same quarter last year, the business posted $0.99 EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities analysts anticipate that CDW will post 5.3 earnings per share for the current fiscal year.

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, February 22nd. This represents a $1.18 annualized dividend and a dividend yield of 1.30%. CDW’s dividend payout ratio is currently 23.14%.

A number of brokerages have issued reports on CDW. Zacks Investment Research downgraded shares of CDW from a “buy” rating to a “hold” rating in a report on Tuesday, January 1st. ValuEngine raised shares of CDW from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Finally, BidaskClub raised shares of CDW from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 4th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $91.50.

Several large investors have recently bought and sold shares of the company. Ffcm LLC bought a new position in shares of CDW during the 4th quarter worth approximately $28,000. Bremer Trust National Association purchased a new stake in CDW during the 4th quarter worth approximately $82,000. Bessemer Group Inc. grew its position in CDW by 149.5% during the 3rd quarter. Bessemer Group Inc. now owns 1,295 shares of the information technology services provider’s stock worth $115,000 after purchasing an additional 776 shares during the last quarter. First Mercantile Trust Co. grew its position in CDW by 9.7% during the 4th quarter. First Mercantile Trust Co. now owns 1,470 shares of the information technology services provider’s stock worth $119,000 after purchasing an additional 130 shares during the last quarter. Finally, Synovus Financial Corp grew its position in CDW by 62.1% during the 3rd quarter. Synovus Financial Corp now owns 1,470 shares of the information technology services provider’s stock worth $131,000 after purchasing an additional 563 shares during the last quarter. Institutional investors and hedge funds own 90.04% of the company’s stock.

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About CDW

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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