Blair William & Co. IL Boosts Stake in CDW Co. (NASDAQ:CDW)

Blair William & Co. IL increased its position in CDW Co. (NASDAQ:CDW) by 2.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,547 shares of the information technology services provider’s stock after buying an additional 2,231 shares during the period. Blair William & Co. IL owned 0.08% of CDW worth $25,416,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CDW. Tsfg LLC purchased a new stake in shares of CDW in the first quarter worth about $26,000. Rise Advisors LLC purchased a new stake in shares of CDW in the first quarter worth about $34,000. ORG Partners LLC purchased a new stake in CDW during the second quarter valued at approximately $34,000. Quest Partners LLC purchased a new stake in CDW during the second quarter valued at approximately $35,000. Finally, Summit Securities Group LLC purchased a new stake in CDW during the second quarter valued at approximately $40,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

CDW Stock Down 0.8 %

Shares of CDW opened at $221.62 on Thursday. The firm has a fifty day moving average price of $222.10 and a 200-day moving average price of $230.24. The company has a current ratio of 1.13, a quick ratio of 1.02 and a debt-to-equity ratio of 2.03. The firm has a market capitalization of $29.79 billion, a P/E ratio of 27.67, a P/E/G ratio of 3.27 and a beta of 1.04. CDW Co. has a 12-month low of $185.04 and a 12-month high of $263.37.

CDW (NASDAQ:CDW) last released 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 during the quarter, compared to analysts’ expectations of $5.43 billion. CDW had a net margin of 5.29% and a return on equity of 62.22%. CDW’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period last year, the firm earned $2.43 earnings per share. Equities research analysts expect 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. Shareholders of record on Monday, August 26th were issued a dividend of $0.62 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $2.48 annualized dividend and a yield of 1.12%. CDW’s payout ratio is currently 30.96%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CDW. Northcoast Research upgraded CDW from a “neutral” rating to a “buy” rating and set a $270.00 price objective on the stock in a research report on Friday, June 7th. Barclays decreased their price objective 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. Finally, Stifel Nicolaus upped their price objective on CDW from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $254.63.

Insider Buying and Selling at CDW

In other news, insider Sona Chawla sold 18,437 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $240.45, for a total transaction of $4,433,176.65. Following the transaction, the insider now owns 22,428 shares of the company’s stock, valued at approximately $5,392,812.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Sona Chawla sold 18,437 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $240.45, for a total value of $4,433,176.65. Following the completion of the sale, the insider now owns 22,428 shares of the company’s stock, valued at approximately $5,392,812.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christine A. Leahy acquired 1,200 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were acquired at an average cost of $216.15 per share, for a total transaction of $259,380.00. Following the completion of the acquisition, the insider now owns 102,200 shares of the company’s stock, valued at $22,090,530. The disclosure for this purchase can be found here. 0.90% of the stock is currently owned by corporate insiders.

CDW Company Profile

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.