CDW Co. (NASDAQ:CDW) Stock Holdings Lowered by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC cut its holdings in shares of CDW Co. (NASDAQ:CDW) by 28.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,018 shares of the information technology services provider’s stock after selling 403 shares during the period. Fidelis Capital Partners LLC’s holdings in CDW were worth $213,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Tsfg LLC purchased a new position in CDW in the 1st quarter worth about $26,000. Rise Advisors LLC purchased a new position in shares of CDW in the first quarter worth approximately $34,000. ORG Partners LLC acquired a new stake in shares of CDW during the second quarter valued at approximately $34,000. Quest Partners LLC purchased a new stake in shares of CDW in the 2nd quarter valued at approximately $35,000. Finally, Summit Securities Group LLC acquired a new position in CDW in the 2nd quarter worth approximately $40,000. 93.15% of the stock is currently owned by institutional investors.

CDW Stock Performance

Shares of CDW stock opened at $224.11 on Tuesday. The firm has a market cap of $30.12 billion, a P/E ratio of 27.98, a PEG ratio of 3.27 and a beta of 1.04. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.13 and a quick ratio of 1.02. CDW Co. has a fifty-two week low of $185.04 and a fifty-two week high of $263.37. The stock’s 50-day moving average is $221.95 and its two-hundred day moving average is $229.68.

CDW (NASDAQ:CDW) last issued its quarterly earnings data on Wednesday, July 31st. The information technology services provider reported $2.34 earnings per share for the quarter, missing the consensus estimate of $2.39 by ($0.05). The business had revenue of $5.42 billion for 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 period in the previous year, the business posted $2.43 EPS. Analysts predict that CDW Co. will post 9.4 earnings per share 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 $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Monday, August 26th. CDW’s payout ratio is presently 30.96%.

Insider Buying and Selling

In related news, insider Christine A. Leahy bought 1,200 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were bought 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 directly owns 102,200 shares in the company, valued at $22,090,530. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Sona Chawla sold 18,437 shares of the company’s 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 SEC, which is available through this link. Also, insider Christine A. Leahy bought 1,200 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was purchased at an average price of $216.15 per share, for a total transaction of $259,380.00. Following the completion of the purchase, the insider now directly 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 currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on CDW. Northcoast Research upgraded CDW from a “neutral” rating to a “buy” rating and set a $270.00 target price for the company in a report on Friday, June 7th. Stifel Nicolaus increased their price objective 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 decreased 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 research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, CDW currently has an average rating of “Moderate Buy” and a consensus price target of $254.63.

About CDW

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.