CDW Co. (NASDAQ:CDW) Shares Bought by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. boosted its holdings in shares of CDW Co. (NASDAQ:CDW) by 20.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,703 shares of the information technology services provider’s stock after purchasing an additional 454 shares during the period. E Fund Management Co. Ltd.’s holdings in CDW were worth $605,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Aaron Wealth Advisors LLC lifted its position in CDW by 2.8% during the first quarter. Aaron Wealth Advisors LLC now owns 1,540 shares of the information technology services provider’s stock valued at $394,000 after purchasing an additional 42 shares during the period. Massmutual Trust Co. FSB ADV raised its position in shares of CDW by 5.9% in the first quarter. Massmutual Trust Co. FSB ADV now owns 767 shares of the information technology services provider’s stock worth $196,000 after acquiring an additional 43 shares during the period. RDA Financial Network raised its position in shares of CDW by 3.0% in the second quarter. RDA Financial Network now owns 1,587 shares of the information technology services provider’s stock worth $355,000 after acquiring an additional 46 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its position in shares of CDW by 1.4% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,446 shares of the information technology services provider’s stock worth $881,000 after acquiring an additional 47 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of CDW by 5.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,144 shares of the information technology services provider’s stock worth $260,000 after acquiring an additional 54 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

CDW Stock Down 0.8 %

Shares of NASDAQ CDW opened at $221.62 on Thursday. CDW Co. has a 12-month low of $185.04 and a 12-month high of $263.37. The stock has a market cap of $29.79 billion, a PE ratio of 27.67, a P/E/G ratio of 3.27 and a beta of 1.04. 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 company has a 50-day moving average of $222.10 and a 200 day moving average of $230.24.

CDW (NASDAQ:CDW) 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 the consensus estimate of $2.39 by ($0.05). CDW had a net margin of 5.29% and a return on equity of 62.22%. The business had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $5.43 billion. During the same period in the prior year, the company posted $2.43 EPS. The firm’s revenue was down 3.6% on a year-over-year basis. As a group, sell-side analysts predict that CDW Co. will post 9.4 EPS for the current fiscal year.

CDW Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were paid 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 dividend payout ratio is presently 30.96%.

Insider Activity at CDW

In other news, insider Christine A. Leahy purchased 1,200 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was acquired at an average price of $216.15 per share, with a total value of $259,380.00. Following the purchase, the insider now directly owns 102,200 shares in the company, valued at approximately $22,090,530. The acquisition was disclosed in a document filed with the SEC, which is available at 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 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 document filed with the SEC, which is accessible through this hyperlink. Also, insider Christine A. Leahy acquired 1,200 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was bought at an average price 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 in the company, valued at approximately $22,090,530. The disclosure for this purchase can be found here. 0.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CDW shares. Barclays decreased their price objective on shares of CDW from $232.00 to $229.00 and set an “equal weight” rating for the company in a research report on Thursday, August 1st. Northcoast Research upgraded shares of CDW from a “neutral” rating to a “buy” rating and set a $270.00 price objective for the company in a research report on Friday, June 7th. Finally, Stifel Nicolaus upped their price target on shares of CDW from $250.00 to $260.00 and gave the stock 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 issued a buy rating to the stock. According to data from MarketBeat.com, CDW has a consensus rating of “Moderate Buy” and a consensus target price of $254.63.

CDW 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.