2 weeks Ago By Defense World Staff
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of CDW Co. ( NASDAQ:CDW – Free Report ) by 60.7% during the 2nd quarter, according to its most recent 13F filing with the SEC.
The fund owned 25,704 shares of the information technology services provider’s stock after purchasing an additional 9,710 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in CDW were worth $5,754,000 at the end of the most recent reporting period. Other institutional investors and hedge funds have also bought and sold shares of the company.
Massmutual Trust Co. FSB ADV lifted its holdings in shares of CDW by 5.9% during the first quarter.
Massmutual Trust Co. FSB ADV now owns 767 shares of the information technology services provider’s stock valued at $196,000 after purchasing an additional 43 shares in the last quarter. RDA Financial Network raised its position in CDW by 3.
0% in the 2nd quarter. RDA Financial Network now owns 1,587 shares of the information technology services provider’s stock worth $355,000 after buying an additional 46 shares during the last quarter. Tokio Marine Asset Management Co.
Ltd. lifted its stake in CDW by 1.4% during the 1st quarter.
Tokio Marine Asset Management Co. Ltd. now owns 3,446 shares of the information technology services provider’s stock valued at $881,000 after acquiring an additional 47 shares during the period.
Oregon Public Employees Retirement Fund boosted its holdings in shares of CDW by 0.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 11,541 shares of the information technology services provider’s stock valued at $2,583,000 after acquiring an additional 54 shares during the last quarter.
Finally, Boltwood Capital Management grew its stake in shares of CDW by 3.2% in the first quarter. Boltwood Capital Management now owns 1,777 shares of the information technology services provider’s stock worth $455,000 after acquiring an additional 55 shares during the period.
93.15% of the stock is currently owned by institutional investors. Analyst Upgrades and Downgrades Several equities research analysts recently issued reports on CDW shares.
Northcoast Research upgraded shares of CDW from a “neutral” rating to a “buy” rating and set a $270.00 target price on the stock in a report on Friday, June 7th. Stifel Nicolaus raised their price target on CDW from $250.
00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Finally, Barclays reduced their price objective on CDW from $232.
00 to $229.00 and set an “equal weight” rating for the company in a research report on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company.
According to MarketBeat.com, CDW currently has an average rating of “Moderate Buy” and a consensus target price of $254.63.
CDW Price Performance NASDAQ CDW opened at $228.63 on Friday. The business’s fifty day moving average is $221.
22 and its 200 day moving average is $229.45. CDW Co.
has a fifty-two week low of $185.04 and a fifty-two week high of $263.37.
The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.02 and a current ratio of 1.
13. The company has a market capitalization of $30.73 billion, a PE ratio of 28.
54, a price-to-earnings-growth ratio of 3.40 and a beta of 1.04.
CDW ( NASDAQ:CDW – Get Free Report ) last announced its quarterly earnings data on Wednesday, July 31st. The information technology services provider reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.
39 by ($0.05). CDW had a net margin of 5.
29% and a return on equity of 62.22%. The company had revenue of $5.
42 billion for the quarter, compared to the consensus estimate of $5.43 billion. During the same quarter last year, the firm posted $2.
43 earnings per share. The company’s revenue was down 3.6% compared to the same quarter last year.
Sell-side analysts predict that CDW Co. will post 9.4 earnings per share for the current year.
CDW Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th were paid a $0.62 dividend.
The ex-dividend date of this dividend was Monday, August 26th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.
08%. CDW’s dividend payout ratio (DPR) is presently 30.96%.
Insider Activity In other CDW news, insider Christine A. Leahy purchased 1,200 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was acquired at an average price of $216.
15 per share, for a total transaction of $259,380.00. Following the purchase, the insider now owns 102,200 shares of the company’s stock, valued at approximately $22,090,530.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link . In other CDW news, insider Christine A. Leahy purchased 1,200 shares of the company’s stock in a transaction on Thursday, August 1st.
The stock was acquired at an average cost of $216.15 per share, for a total transaction of $259,380.00.
Following the purchase, the insider now directly owns 102,200 shares of the company’s stock, valued at approximately $22,090,530. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link . Also, insider Sona Chawla sold 18,437 shares of CDW stock in a transaction that occurred on Tuesday, July 16th.
The shares were sold at an average price of $240.45, for a total transaction of $4,433,176.65.
Following the sale, the insider now owns 22,428 shares in the company, valued at approximately $5,392,812.60. The disclosure for this sale can be found here .
Insiders own 0.90% of the company’s stock. About CDW ( Free Report ) CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada.
It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products and services, as well as integrated IT solutions, including on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security. Recommended Stories Five stocks we like better than CDW What is the Euro STOXX 50 Index? Rocket Lab Stock Soars: Should Investors Chase the Rally? What Is WallStreetBets and What Stocks Are They Targeting? KB Home Slips After Earnings: What’s Next for Homebuilders? Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness Micron Stock Soars as AI Demand Fuels Big Q4 Earnings Beat Want to see what other hedge funds are holding CDW? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for CDW Co. ( NASDAQ:CDW – Free Report ). Receive News & Ratings for CDW Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CDW and related companies with MarketBeat.
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