2 weeks Ago By ABMN Staff
Benjamin F. Edwards & Company Inc. cut its holdings in CDW Co.
( NASDAQ:CDW – Free Report ) by 39.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149 shares of the information technology services provider’s stock after selling 97 shares during the period.
Benjamin F. Edwards & Company Inc.’s holdings in CDW were worth $33,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in CDW by 4.
6% in the first quarter. Vanguard Group Inc. now owns 16,407,542 shares of the information technology services provider’s stock valued at $4,196,721,000 after buying an additional 714,393 shares in the last quarter.
Wellington Management Group LLP raised its stake in CDW by 29.1% in the fourth quarter. Wellington Management Group LLP now owns 3,464,886 shares of the information technology services provider’s stock valued at $787,638,000 after buying an additional 781,421 shares in the last quarter.
Mawer Investment Management Ltd. raised its stake in CDW by 0.9% in the first quarter.
Mawer Investment Management Ltd. now owns 3,101,924 shares of the information technology services provider’s stock valued at $793,410,000 after buying an additional 27,753 shares in the last quarter. Mitsubishi UFJ Asset Management Co.
Ltd. raised its stake in CDW by 3.7% in the first quarter.
Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,431,573 shares of the information technology services provider’s stock valued at $366,168,000 after buying an additional 51,450 shares in the last quarter.
Finally, Dimensional Fund Advisors LP raised its stake in CDW by 11.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,292,674 shares of the information technology services provider’s stock valued at $289,357,000 after buying an additional 128,263 shares in the last quarter.
93.15% of the stock is currently owned by institutional investors and hedge funds. Analysts Set New Price Targets A number of research firms have recently commented on CDW.
Barclays cut their target price on CDW from $232.00 to $229.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 1st.
Northcoast Research upgraded CDW from a “neutral” rating to a “buy” rating and set a $270.00 target price on the stock in a research report on Friday, June 7th. Finally, Stifel Nicolaus lifted their target price on CDW from $250.
00 to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock.
According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $254.63. CDW Stock Performance NASDAQ CDW opened at $226.
55 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.
13 and a debt-to-equity ratio of 2.03. CDW Co.
has a 52-week low of $185.04 and a 52-week high of $263.37.
The business’s 50-day moving average price is $221.17 and its 200 day moving average price is $229.16.
The firm has a market cap of $30.45 billion, a P/E ratio of 28.28, a P/E/G ratio of 3.
40 and a beta of 1.04. CDW ( NASDAQ:CDW – Get Free Report ) last issued its quarterly earnings data on Wednesday, July 31st.
The information technology services provider reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.39 by ($0.
05). The company had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.
43 billion. CDW had a return on equity of 62.22% and a net margin of 5.
29%. The company’s revenue for the quarter was down 3.6% on a year-over-year basis.
During the same quarter in the prior year, the firm earned $2.43 earnings per share. On average, equities research analysts expect that CDW Co.
will post 9.4 earnings per share for the current year. CDW Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th.
Shareholders of record on Monday, August 26th were issued a $0.62 dividend. The ex-dividend date was Monday, August 26th.
This represents a $2.48 annualized dividend and a yield of 1.09%.
CDW’s dividend payout ratio (DPR) is presently 30.96%. Insider Buying and Selling at CDW In other CDW news, insider Sona Chawla sold 18,437 shares of the business’s stock in a transaction on Tuesday, July 16th.
The stock was sold at an average price of $240.45, for a total value of $4,433,176.65.
Following the completion of the transaction, the insider now directly owns 22,428 shares in the company, valued at approximately $5,392,812.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink .
In other news, insider Christine A. Leahy acquired 1,200 shares of the company’s stock in a transaction dated 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 acquisition, the insider now directly owns 102,200 shares in the company, valued at approximately $22,090,530.
The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink . Also, insider Sona Chawla sold 18,437 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $240.
45, for a total value of $4,433,176.65. Following the sale, the insider now owns 22,428 shares of the company’s stock, valued at $5,392,812.
60. The disclosure for this sale can be found here . 0.
90% of the stock is currently owned by insiders. CDW Company Profile ( 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. See Also 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.
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