Somewhat Favorable News Coverage Somewhat Unlikely to Impact CDW (NASDAQ:CDW) Share Price

Media headlines about CDW (NASDAQ:CDW) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. CDW earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned news coverage about the information technology services provider an impact score of 47.3934123476846 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news articles that may have impacted Accern Sentiment’s rankings:

Several analysts have issued reports on CDW shares. Royal Bank of Canada reaffirmed a “buy” rating and set a $80.00 price target on shares of CDW in a research report on Monday, January 15th. Zacks Investment Research downgraded shares of CDW from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Morgan Stanley decreased their price objective 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. BidaskClub upgraded shares of CDW from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. Finally, ValuEngine upgraded shares of CDW from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. CDW presently has an average rating of “Buy” and an average price target of $74.56.

CDW (CDW) traded down $0.42 during midday trading on Wednesday, reaching $75.23. 24,680 shares of the company traded hands, compared to its average volume of 910,613. The company has a current ratio of 1.34, a quick ratio of 1.16 and a debt-to-equity ratio of 3.27. CDW has a twelve month low of $55.80 and a twelve month high of $76.73. The firm has a market cap of $11,480.53, a P/E ratio of 22.72 and a beta of 1.06.

CDW (NASDAQ:CDW) last issued its quarterly earnings data on Wednesday, February 7th. The information technology services provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.05. The business had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.85 billion. CDW had a return on equity of 65.93% and a net margin of 3.44%. The business’s revenue was up 9.9% on a year-over-year basis. During the same period last year, the business earned $0.86 EPS. sell-side analysts anticipate that CDW will post 4.56 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Monday, February 26th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date was Friday, February 23rd. CDW’s payout ratio is 25.23%.

In other CDW news, insider Christina M. Corley sold 4,000 shares of CDW stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $74.35, for a total transaction of $297,400.00. Following the completion of the transaction, the insider now owns 40,177 shares of the company’s stock, valued at approximately $2,987,159.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Neil B. Fairfield sold 700 shares of CDW stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $74.26, for a total value of $51,982.00. Following the transaction, the insider now directly owns 3,168 shares of the company’s stock, valued at approximately $235,255.68. The disclosure for this sale can be found here. Insiders sold a total of 65,375 shares of company stock worth $4,649,732 over the last 90 days. 2.60% of the stock is currently owned by company insiders.

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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.

Insider Buying and Selling by Quarter for CDW (NASDAQ:CDW)

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