CDW (NASDAQ:CDW) insider Christina V. Rother sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, January 10th. The stock was sold at an average price of $80.65, for a total value of $322,600.00. Following the completion of the transaction, the insider now directly owns 51,077 shares in the company, valued at $4,119,360.05. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Shares of NASDAQ CDW traded down $1.35 during trading hours on Friday, hitting $80.59. 1,191,772 shares of the company traded hands, compared to its average volume of 1,101,975. The company has a market cap of $12.20 billion, a P/E ratio of 20.77 and a beta of 1.11. The company has a debt-to-equity ratio of 2.75, a quick ratio of 1.24 and a current ratio of 1.41. CDW has a 12 month low of $66.88 and a 12 month high of $96.75.

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

CDW has been the topic of several recent research reports. Zacks Investment Research cut CDW from a “buy” rating to a “hold” rating in a report on Wednesday, October 3rd. BidaskClub raised CDW from a “hold” rating to a “buy” rating in a report on Wednesday, October 17th. Finally, ValuEngine raised CDW from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $88.63.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. increased its position in shares of CDW by 8.5% during the 3rd quarter. American Century Companies Inc. now owns 2,401,828 shares of the information technology services provider’s stock valued at $213,571,000 after purchasing an additional 187,467 shares during the last quarter. AQR Capital Management LLC increased its position in shares of CDW by 16.9% during the 3rd quarter. AQR Capital Management LLC now owns 2,143,983 shares of the information technology services provider’s stock valued at $190,643,000 after purchasing an additional 310,352 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in shares of CDW by 9.4% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 1,789,055 shares of the information technology services provider’s stock valued at $159,083,000 after purchasing an additional 154,146 shares during the last quarter. Select Equity Group L.P. increased its position in shares of CDW by 119.4% during the 3rd quarter. Select Equity Group L.P. now owns 1,687,683 shares of the information technology services provider’s stock valued at $150,069,000 after purchasing an additional 918,485 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of CDW by 12.3% during the 3rd quarter. Janus Henderson Group PLC now owns 1,185,990 shares of the information technology services provider’s stock valued at $105,474,000 after purchasing an additional 130,139 shares during the last quarter. 89.73% of the stock is currently owned by hedge funds and other institutional investors.

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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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