Key Points
- Sona Chawla sold 7,400 CDW shares on Dec. 8 at an average price of $146.17 for about $1.08M, trimming her stake by 20.84% to 28,110 shares (≈$4.11M).
- CDW beat quarterly EPS estimates ($2.71 vs. $2.62) with revenue roughly in line ($5.74B vs. $5.75B) and reported a 51.9% ROE and a 4.76% net margin.
- CDW pays a quarterly dividend of $0.63 (annualized $2.52, yield ~1.7%, payout ratio ~31.8%), and analysts’ consensus is a Moderate Buy with an average target of about $189.86.
CDW Corporation (NASDAQ:CDW - Get Free Report) insider Sona Chawla sold 7,400 shares of the company's stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $146.17, for a total value of $1,081,658.00. Following the completion of the sale, the insider directly owned 28,110 shares of the company's stock, valued at $4,108,838.70. The trade was a 20.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
CDW Stock Performance
Shares of NASDAQ:CDW opened at $149.54 on Thursday. The business's 50-day simple moving average is $148.80 and its 200 day simple moving average is $163.75. The company has a market cap of $19.47 billion, a P/E ratio of 18.88, a PEG ratio of 2.05 and a beta of 1.07. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.30 and a current ratio of 1.39. CDW Corporation has a one year low of $135.63 and a one year high of $222.92.
CDW (NASDAQ:CDW - Get Free Report) last released its quarterly earnings results on Tuesday, November 4th. The information technology services provider reported $2.71 earnings per share for the quarter, topping analysts' consensus estimates of $2.62 by $0.09. CDW had a return on equity of 51.89% and a net margin of 4.76%.The firm had revenue of $5.74 billion during the quarter, compared to analysts' expectations of $5.75 billion. On average, sell-side analysts forecast that CDW Corporation will post 9.41 earnings per share for the current fiscal year.
CDW Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th were paid a dividend of $0.63 per share. This is a positive change from CDW's previous quarterly dividend of $0.63. The ex-dividend date of this dividend was Tuesday, November 25th. This represents a $2.52 annualized dividend and a yield of 1.7%. CDW's payout ratio is presently 31.82%.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in CDW by 2.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 819,042 shares of the information technology services provider's stock worth $131,260,000 after purchasing an additional 22,184 shares during the last quarter. Citigroup Inc. raised its holdings in shares of CDW by 53.2% during the first quarter. Citigroup Inc. now owns 223,359 shares of the information technology services provider's stock worth $35,796,000 after purchasing an additional 77,603 shares during the period. Zions Bancorporation National Association UT bought a new position in shares of CDW in the 1st quarter worth about $102,000. Covestor Ltd lifted its position in shares of CDW by 134.1% in the 1st quarter. Covestor Ltd now owns 384 shares of the information technology services provider's stock worth $62,000 after buying an additional 220 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of CDW by 1.9% in the 1st quarter. Invesco Ltd. now owns 2,471,963 shares of the information technology services provider's stock valued at $396,157,000 after buying an additional 45,217 shares during the period. Institutional investors and hedge funds own 93.15% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on CDW. Barclays decreased their price objective on shares of CDW from $176.00 to $148.00 and set an "equal weight" rating for the company in a research report on Wednesday, November 5th. Evercore ISI cut their price target on CDW from $215.00 to $200.00 and set an "outperform" rating on the stock in a research note on Monday, October 20th. Raymond James Financial upgraded CDW from an "outperform" rating to a "strong-buy" rating and set a $185.00 price objective for the company in a research note on Tuesday, November 25th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of CDW in a research report on Thursday, October 30th. Finally, UBS Group decreased their price target on shares of CDW from $200.00 to $190.00 and set a "buy" rating for the company in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $189.86.
Get Our Latest Analysis on CDW
CDW Company Profile
(
Get Free Report)
CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products and services, as well as integrated IT solutions, including on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security.
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