CDW Corporation (CDW) Receiving Somewhat Positive Press Coverage, Accern Reports
News headlines about CDW Corporation (NASDAQ:CDW) have been trending somewhat positive this week, according to Accern. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. CDW Corporation earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave headlines about the information technology services provider an impact score of 45.3269394342719 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have impacted Accern’s analysis:
- Can MSCI Inc. (NYSE:MSCI) or CDW Corporation (NASDAQ:CDW) Climb The Ladder? – FLBC News (flbcnews.com)
- Corporate News Blog – Science Applications International Awarded $48 Million Task Order by the National Institute of Mental Health (money.ca)
- Exxon Mobil Corporation (XOM) Stake Decreased by AMG National Trust Bank (ismboard.com)
- See How CDW Ranks Among Analysts’ Top Picks With Strong Buyback Activity (thestreet.com)
- CDW Corp. breached its 50 day moving average in a Bearish Manner : CDW-US : August 10, 2017 (finance.yahoo.com)
Several analysts recently weighed in on CDW shares. Royal Bank Of Canada restated a “buy” rating and set a $64.00 target price on shares of CDW Corporation in a research note on Monday, April 17th. Robert W. Baird restated a “buy” rating on shares of CDW Corporation in a research note on Saturday, May 13th. Zacks Investment Research upgraded CDW Corporation from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research note on Tuesday, July 11th. BidaskClub downgraded CDW Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 29th. Finally, Northcoast Research started coverage on CDW Corporation in a research note on Monday, April 24th. They set a “buy” rating and a $70.00 target price for the company. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. CDW Corporation currently has a consensus rating of “Buy” and an average target price of $65.94.
Shares of CDW Corporation (NASDAQ CDW) opened at 60.78 on Friday. The firm has a 50 day moving average price of $63.34 and a 200-day moving average price of $59.65. The company has a market cap of $9.41 billion, a P/E ratio of 23.08 and a beta of 1.08. CDW Corporation has a 12 month low of $43.46 and a 12 month high of $66.33.
CDW Corporation (NASDAQ:CDW) last announced its quarterly earnings results on Thursday, August 3rd. The information technology services provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. The firm had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.84 billion. CDW Corporation had a return on equity of 58.89% and a net margin of 2.95%. The business’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.93 earnings per share. Analysts anticipate that CDW Corporation will post $3.83 earnings per share for the current fiscal year.
CDW Corporation declared that its board has approved a stock repurchase plan on Thursday, August 3rd that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the information technology services provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Friday, August 25th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Wednesday, August 23rd. CDW Corporation’s payout ratio is 24.33%.
In other news, insider Christine A. Leahy sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $59.22, for a total value of $710,640.00. Following the transaction, the insider now owns 210,130 shares of the company’s stock, valued at $12,443,898.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathan J. Stevens sold 6,700 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $64.04, for a total value of $429,068.00. Following the completion of the transaction, the insider now directly owns 90,366 shares in the company, valued at approximately $5,787,038.64. The disclosure for this sale can be found here. Insiders sold 84,833 shares of company stock worth $5,266,312 in the last ninety days. 2.20% of the stock is owned by company insiders.
CDW Corporation 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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