Media coverage about CDW (NASDAQ:CDW) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. CDW earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the information technology services provider an impact score of 45.29635945369 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern’s scoring:
- CDW Corp (CDW) Insider Neal J. Campbell Sells 3,805 Shares (americanbankingnews.com)
- Biometrics stocks this week: IWSY, Hawk Systems Inc (biometricupdate.com)
- Brokerages Expect CDW Corp (CDW) Will Announce Quarterly Sales of $3.46 Billion (americanbankingnews.com)
- Is This Small-Cap Value Stock Play Getting Ready To Run? (finance.yahoo.com)
- The VP, Controller and Chief Accounting Officer of CDW Corp (NASDAQ: CDW) is Selling Shares – Analyst Ratings (analystratings.com)
A number of analysts have recently commented on CDW shares. Robert W. Baird restated a “buy” rating and set a $80.00 target price on shares of CDW in a report on Wednesday, February 7th. BidaskClub upgraded shares of CDW from a “hold” rating to a “buy” rating in a report on Monday, February 5th. ValuEngine upgraded shares of CDW from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Royal Bank of Canada restated a “buy” rating and set a $80.00 target price on shares of CDW in a report on Monday, January 15th. Finally, Morgan Stanley dropped their target price on shares of CDW from $72.00 to $70.00 and set an “equal weight” rating on the stock in a report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $74.56.
CDW (NASDAQ:CDW) last announced its quarterly earnings results on Wednesday, February 7th. The information technology services provider reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.05. The company had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.85 billion. CDW had a net margin of 3.44% and a return on equity of 65.93%. CDW’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.86 EPS. research analysts anticipate that CDW will post 4.56 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Monday, February 26th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Friday, February 23rd. CDW’s payout ratio is 25.23%.
In related news, insider Neal J. Campbell sold 3,805 shares of the company’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $75.36, for a total value of $286,744.80. Following the transaction, the insider now owns 35,829 shares in the company, valued at approximately $2,700,073.44. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Christina M. Corley sold 4,000 shares of the company’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $72.59, for a total transaction of $290,360.00. Following the completion of the transaction, the insider now owns 39,843 shares in the company, valued at approximately $2,892,203.37. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,812 shares of company stock worth $3,952,269. 2.60% of the stock is currently owned by company insiders.
CDW Company Profile
CDW Corporation (CDW) is a provider of integrated information technology (IT) solutions in the United States, Canada and the United Kingdom. The Company’s segments include Corporate, Public and Other. The Corporate segment consists of private sector business customers in the United States based on employee size between Medium/Large customers, which primarily includes organizations with more than 100 employees, and Small Business customers, which primarily includes organizations with up to 100 employees.
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