Czech National Bank Purchases 1,600 Shares of CDW Co. (NASDAQ:CDW)

Czech National Bank boosted its position in shares of CDW Co. (NASDAQ:CDW) by 6.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,210 shares of the information technology services provider’s stock after acquiring an additional 1,600 shares during the quarter. Czech National Bank’s holdings in CDW were worth $6,158,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CDW. Tsfg LLC bought a new stake in shares of CDW during the 1st quarter valued at $26,000. Rise Advisors LLC bought a new stake in CDW during the first quarter valued at about $34,000. ORG Partners LLC purchased a new stake in CDW in the second quarter worth about $34,000. Quest Partners LLC bought a new position in shares of CDW in the second quarter worth about $35,000. Finally, Summit Securities Group LLC purchased a new position in shares of CDW during the 2nd quarter valued at about $40,000. Institutional investors own 93.15% of the company’s stock.

CDW Stock Performance

CDW stock opened at $221.69 on Friday. CDW Co. has a 1-year low of $185.04 and a 1-year high of $263.37. The company’s 50-day moving average is $220.24 and its 200 day moving average is $228.25. The firm has a market capitalization of $29.79 billion, a P/E ratio of 27.68, a price-to-earnings-growth ratio of 3.40 and a beta of 1.03. 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 (NASDAQ:CDW) last issued its quarterly earnings results on Wednesday, July 31st. The information technology services provider reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 62.22% and a net margin of 5.29%. CDW’s revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.43 earnings per share. Research analysts forecast that CDW Co. will post 9.4 EPS for the current year.

CDW Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th were paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend was Monday, August 26th. CDW’s dividend payout ratio is currently 30.96%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CDW shares. Barclays decreased their price target on CDW from $232.00 to $229.00 and set an “equal weight” rating on the stock in a report on Thursday, August 1st. Stifel Nicolaus raised their price target on CDW from $250.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Finally, Citigroup cut CDW from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $250.00 to $245.00 in a report on Tuesday, October 1st. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $255.00.

Insider Transactions at CDW

In related news, insider Christine A. Leahy purchased 1,200 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was purchased at an average price of $216.15 per share, with a total value of $259,380.00. Following the completion of the purchase, the insider now owns 102,200 shares of the company’s stock, valued at approximately $22,090,530. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. In other CDW news, insider Christine A. Leahy acquired 1,200 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was bought at an average cost of $216.15 per share, with a total value of $259,380.00. Following the completion of the purchase, the insider now directly owns 102,200 shares in the company, valued at $22,090,530. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sona Chawla sold 18,437 shares of the firm’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 transaction, the insider now directly owns 22,428 shares in the company, valued at $5,392,812.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.

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.