CDW Co. (NASDAQ:CDW) Stock Holdings Increased by Vontobel Holding Ltd.

Vontobel Holding Ltd. lifted its holdings in CDW Co. (NASDAQ:CDW) by 2.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,989 shares of the information technology services provider’s stock after purchasing an additional 78 shares during the quarter. Vontobel Holding Ltd.’s holdings in CDW were worth $676,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of CDW. Vanguard Group Inc. increased its stake in shares of CDW by 4.6% during the first quarter. Vanguard Group Inc. now owns 16,407,542 shares of the information technology services provider’s stock valued at $4,196,721,000 after acquiring an additional 714,393 shares during the period. Perpetual Ltd acquired a new position in shares of CDW during the 3rd quarter valued at $158,300,000. Lazard Asset Management LLC raised its stake in shares of CDW by 225.9% in the 1st quarter. Lazard Asset Management LLC now owns 881,586 shares of the information technology services provider’s stock worth $225,491,000 after buying an additional 611,054 shares in the last quarter. Ceredex Value Advisors LLC acquired a new stake in shares of CDW in the second quarter valued at $79,549,000. Finally, Canada Pension Plan Investment Board boosted its stake in CDW by 2,045.4% during the second quarter. Canada Pension Plan Investment Board now owns 294,302 shares of the information technology services provider’s stock valued at $65,877,000 after buying an additional 280,584 shares in the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

CDW Price Performance

CDW stock opened at $220.35 on Tuesday. CDW Co. has a one year low of $185.04 and a one year high of $263.37. The firm has a 50-day moving average of $221.63 and a two-hundred day moving average of $225.53. The firm has a market capitalization of $29.61 billion, a PE ratio of 27.51, a P/E/G ratio of 3.42 and a beta of 1.03. The company has a current ratio of 1.13, a quick ratio of 1.02 and a debt-to-equity ratio of 2.03.

CDW (NASDAQ:CDW) last issued its quarterly earnings results on Wednesday, July 31st. The information technology services provider reported $2.34 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 firm had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.43 billion. During the same quarter last year, the company posted $2.43 EPS. The firm’s revenue was down 3.6% compared to the same quarter last year. On average, analysts forecast that CDW Co. will post 9.4 earnings per share for the current year.

CDW Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 1.13%. The ex-dividend date was Monday, August 26th. CDW’s payout ratio is 30.96%.

Insider Buying and Selling

In other CDW news, insider Christine A. Leahy bought 1,200 shares of the stock in a transaction on Thursday, August 1st. The shares were bought 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 $22,090,530. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CDW shares. Citigroup cut shares of CDW from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $250.00 to $245.00 in a research report on Tuesday, October 1st. Stifel Nicolaus lifted their price objective on shares of CDW from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Finally, Barclays cut their target price on shares of 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, CDW presently has an average rating of “Moderate Buy” and a consensus target price of $255.00.

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.