CDW Corp (NASDAQ: CDW) is 8.82% higher on its value in year-to-date trading and has touched a low of $168.43 and a high of $263.37 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CDW stock was last observed hovering at around $187.59 in the last trading session, with the day’s gains setting it 1.8%.
Currently trading at $189.39, the stock is -2.71% and 2.47% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.73 million and changing 0.96% at the moment leaves the stock -9.39% off its SMA200. CDW registered -20.25% loss for a year compared to 6-month loss of -12.59%. The firm has a 50-day simple moving average (SMA 50) of $184.826 and a 200-day simple moving average (SMA200) of $209.0063.
The stock witnessed a 1.03% gain in the last 1 month and extending the period to 3 months gives it a -1.31%, and is -1.37% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.80% over the week and 2.47% over the month.
CDW Corp (CDW) has around 15100 employees, a market worth around $25.24B and $21.00B in sales. Current P/E ratio is 23.74 and Fwd P/E is 17.96. Profit margin for the company is 5.13%. Distance from 52-week low is 12.44% and -28.09% from its 52-week high. The company has generated returns on investments over the last 12 months (13.29%).
with sales reaching $4.93B over the same period.The EPS is expected to grow by 2.99% this year, but quarterly earnings will post 2.98% year-over-year. Quarterly sales are estimated to grow 1.24% in year-over-year returns.
CDW Corp (CDW) Top Institutional Holders
1221.0 institutions hold shares in CDW Corp (CDW), with institutional investors hold 96.33% of the company’s shares. The shares outstanding are 133.26M, and float is at 132.76M with Short Float at 2.39%. Institutions hold 95.89% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 16.48 million shares valued at $3.69 billion. The investor’s holdings represent 12.2604% of the CDW Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 10.87 million shares valued at $2.43 billion to account for 8.091 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 6.1 million shares representing 4.5392% and valued at over $1.37 billion, while STATE STREET CORP holds 4.2167 of the shares totaling 5.65 million with a market value of $1.27 billion.
CDW Corp (CDW) Insider Activity
The most recent transaction is an insider purchase by LEAHY CHRISTINE A. SEC filings show that LEAHY CHRISTINE A bought 1,200 shares of the company’s common stock on Aug 01 ’24 at a price of $216.15 per share for a total of $0.26 million. Following the purchase, the insider now owns 0.1 million shares.
CDW Corp disclosed in a document filed with the SEC on Aug 01 ’24 that MIRALLES ALBERT JOSEPH JRbought a total of 1,050 shares of the company’s common stock. The trade occurred on Aug 01 ’24 and was made at $216.62 per share for $0.23 million. Following the transaction, the insider now directly holds 16876.0 shares of the CDW stock.
Still, SEC filings show that on Jul 16 ’24, Chawla Sona disposed off 18,437 shares at an average price of $240.45 for $4.43 million. The insider now directly holds 22,428 shares of CDW Corp (CDW).
