5 Large-Cap Stocks with Insider Buying

4. CDW Corporation (NASDAQ:CDW)

Market Cap as of May 19: $23.26 Billion

On April 19, Stifel analyst Matthew Sheerin updated his price target on CDW Corporation (NASDAQ:CDW) to $205 from $215 and maintained a Buy rating on the shares.

CDW Corporation (NASDAQ:CDW) is one of the large-cap stocks that insiders are piling into right now. On May 4 the company disclosed in a regulatory filing that its president and CEO, Christine A Leahy, purchased 3,050 company shares at an average share price of $163.62 for a total transaction amount of $0.49 million. As of May 19, CDW Corporation (NASDAQ:CDW) is valued at $23.26 billion on the open market.

As of March 31, Select Equity Group is the most prominent shareholder in CDW Corporation (NASDAQ:CDW) and has a stake worth $1 billion in the company.

Here is what Wedgewood Partners had to say about CDW Corporation (NASDAQ:CDW) in its Q4 2022 investor letter:

“CDW contributed to performance during the quarter after logging +19% currency-neutral revenue growth and +26% operating earnings growth. The Company’s “omni-office” strategy of outfitting small and medium businesses with software, hardware and services, wherever workers decide or need to work continues to resonate. CDW organizes itself across several end-markets, with each of these end markets at different stages of building out their omni-office presences. In the meantime, the post-Pandemic IT environment has quickly evolved from supply scarcity (due to vendor shortages and strong demand) where CDW flexed its balance sheet to ensure inventory availability, to more recently helping customers manage never before seen levels of complexity related to a work-from-every-where workforce. CDW’s consistent returns, cheap multiple, and mission-critical functions it offers to vendors and customers continues to be an attractive risk-reward for portfolios.”