A number of other research firms have also issued reports on CDW. ValuEngine upgraded shares of CDW from a hold rating to a buy rating in a report on Wednesday, February 13th. Zacks Investment Research lowered shares of CDW from a buy rating to a hold rating in a report on Tuesday, January 1st. Finally, Credit Suisse Group initiated coverage on shares of CDW in a report on Thursday, April 11th. They issued an outperform rating and a $117.00 target price on the stock. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Buy and an average target price of $99.33.
Shares of NASDAQ CDW opened at $105.39 on Tuesday. The stock has a market capitalization of $15.48 billion, a P/E ratio of 20.66 and a beta of 1.05. CDW has a 52 week low of $69.97 and a 52 week high of $108.57. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.19 and a current ratio of 1.35.
CDW (NASDAQ:CDW) last issued its quarterly earnings data on Thursday, February 7th. The information technology services provider reported $1.32 EPS for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.11. The firm had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.04 billion. CDW had a net margin of 3.96% and a return on equity of 74.63%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.99 EPS. As a group, equities research analysts expect that CDW will post 5.43 earnings per share for the current year.
In other news, insider Thomas E. Richards sold 16,636 shares of the stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $105.32, for a total transaction of $1,752,103.52. Following the transaction, the insider now directly owns 643,899 shares in the company, valued at approximately $67,815,442.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Christina M. Corley sold 3,567 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $96.70, for a total transaction of $344,928.90. Following the transaction, the insider now owns 643,052 shares in the company, valued at $62,183,128.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 99,463 shares of company stock worth $9,315,140. 2.60% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in CDW. Ffcm LLC purchased a new position in shares of CDW during the 4th quarter worth about $28,000. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of CDW by 218.2% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 350 shares of the information technology services provider’s stock worth $28,000 after acquiring an additional 240 shares during the period. PRW Wealth Management LLC purchased a new position in shares of CDW during the 4th quarter worth about $30,000. Semmax Financial Advisors Inc. purchased a new position in shares of CDW during the 4th quarter worth about $34,000. Finally, Daiwa SB Investments Ltd. purchased a new position in CDW in the first quarter valued at approximately $47,000. Institutional investors and hedge funds own 91.05% of the company’s stock.
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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