Mount Yale Investment Advisors LLC Lowers Holdings in CDW Co. (NASDAQ:CDW)

Mount Yale Investment Advisors LLC lowered its stake in shares of CDW Co. (NASDAQ:CDW) by 3.9% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 2,402 shares of the information technology services provider’s stock after selling 97 shares during the period. Mount Yale Investment Advisors LLC’s holdings in CDW were worth $538,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CDW. Tsfg LLC acquired a new stake in shares of CDW during the 1st quarter worth approximately $26,000. Rise Advisors LLC acquired a new stake in CDW during the first quarter valued at $34,000. ORG Partners LLC purchased a new position in CDW in the second quarter valued at $34,000. Quest Partners LLC acquired a new position in shares of CDW in the second quarter worth about $35,000. Finally, Summit Securities Group LLC acquired a new position in shares of CDW in the second quarter worth about $40,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CDW. Northcoast Research upgraded CDW from a “neutral” rating to a “buy” rating and set a $270.00 price target for the company in a research note on Friday, June 7th. Stifel Nicolaus boosted 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. Finally, Barclays reduced their target price on CDW from $232.00 to $229.00 and set an “equal weight” rating for the company in a research note on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, CDW presently has a consensus rating of “Moderate Buy” and an average target price of $254.63.

CDW Stock Performance

NASDAQ CDW opened at $224.11 on Tuesday. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.13 and a quick ratio of 1.02. The stock’s 50 day simple moving average is $221.95 and its 200-day simple moving average is $229.68. The company has a market cap of $30.12 billion, a PE ratio of 27.98, a price-to-earnings-growth ratio of 3.27 and a beta of 1.04. CDW Co. has a 1-year low of $185.04 and a 1-year high of $263.37.

CDW (NASDAQ:CDW) last announced its earnings results 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 business 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% compared to the same quarter last year. During the same period last year, the firm earned $2.43 EPS. As a group, equities research analysts anticipate that CDW Co. will post 9.4 EPS for the current fiscal year.

CDW Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 1.11%. CDW’s payout ratio is 30.96%.

Insiders Place Their Bets

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 stock was 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 directly owns 22,428 shares in the company, valued at $5,392,812.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Christine A. Leahy acquired 1,200 shares of the business’s 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 completion of the transaction, the insider now owns 102,200 shares in the company, valued at $22,090,530. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sona Chawla sold 18,437 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 22,428 shares in the company, valued at $5,392,812.60. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company’s stock.

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.