Elo Mutual Pension Insurance Co Raises Stock Holdings in CDW Co. (NASDAQ:CDW)

Elo Mutual Pension Insurance Co boosted its holdings in CDW Co. (NASDAQ:CDW) by 0.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,301 shares of the information technology services provider’s stock after purchasing an additional 61 shares during the period. Elo Mutual Pension Insurance Co’s holdings in CDW were worth $2,753,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Aaron Wealth Advisors LLC grew 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 buying an additional 42 shares during the period. Massmutual Trust Co. FSB ADV grew its position in shares of CDW by 5.9% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 767 shares of the information technology services provider’s stock valued at $196,000 after acquiring an additional 43 shares during the period. RDA Financial Network increased its stake in shares of CDW by 3.0% during the 2nd quarter. RDA Financial Network now owns 1,587 shares of the information technology services provider’s stock worth $355,000 after purchasing an additional 46 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of CDW by 1.4% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,446 shares of the information technology services provider’s stock worth $881,000 after purchasing an additional 47 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in 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 valued at $260,000 after purchasing an additional 54 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

CDW Stock Performance

Shares of CDW opened at $227.87 on Friday. 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 stock has a market capitalization of $30.63 billion, a price-to-earnings ratio of 28.45, a price-to-earnings-growth ratio of 3.27 and a beta of 1.04. CDW Co. has a 52-week low of $185.04 and a 52-week high of $263.37. The stock’s 50-day simple moving average is $222.18 and its 200 day simple moving average is $230.23.

CDW (NASDAQ:CDW) last released its quarterly earnings data on Wednesday, July 31st. The information technology services provider reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $2.39 by ($0.05). The firm had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.43 billion. CDW had a net margin of 5.29% and a return on equity of 62.22%. CDW’s revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.43 earnings per share. Research analysts forecast that CDW Co. will post 9.4 EPS for the current fiscal year.

CDW Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders 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 dividend yield of 1.09%. CDW’s payout ratio is currently 30.96%.

Analyst Ratings Changes

CDW has been the subject of a number of recent research reports. Barclays decreased their target price 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. 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 note on Friday, June 7th. Finally, Stifel Nicolaus increased their target price 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 research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, CDW currently has a consensus rating of “Moderate Buy” and a consensus target price of $254.63.

Insider Buying and Selling

In other CDW news, insider Christine A. Leahy bought 1,200 shares of CDW stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 102,200 shares in the company, valued at $22,090,530. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Sona Chawla sold 18,437 shares of CDW stock in a transaction 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 completion of the sale, the insider now directly owns 22,428 shares of the company’s stock, valued at approximately $5,392,812.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christine A. Leahy bought 1,200 shares of CDW stock in a transaction that occurred on Thursday, August 1st. The stock was purchased at an average cost 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 $22,090,530. The disclosure for this purchase can be found here. 0.90% of the stock is currently owned by company 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.