Amalgamated Bank Has $6.27 Million Holdings in CDW Co. (NASDAQ:CDW)

Amalgamated Bank decreased its position in CDW Co. (NASDAQ:CDW) by 4.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,994 shares of the information technology services provider’s stock after selling 1,161 shares during the quarter. Amalgamated Bank’s holdings in CDW were worth $6,266,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Aaron Wealth Advisors LLC increased its position in CDW by 2.8% during the 1st quarter. Aaron Wealth Advisors LLC now owns 1,540 shares of the information technology services provider’s stock worth $394,000 after buying an additional 42 shares during the period. Massmutual Trust Co. FSB ADV grew its stake in shares of CDW by 5.9% in the first 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 in the last quarter. RDA Financial Network increased its position in CDW by 3.0% during the second quarter. RDA Financial Network now owns 1,587 shares of the information technology services provider’s stock worth $355,000 after acquiring an additional 46 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its stake in 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 in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in CDW by 5.0% in the 4th 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 period. Institutional investors own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

CDW has been the subject of a number of analyst reports. Stifel Nicolaus lifted their price target on shares of CDW from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Barclays cut 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. Finally, Northcoast Research upgraded CDW from a “neutral” rating to a “buy” rating and set a $270.00 price target on the stock in a research report on Friday, June 7th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $254.63.

Insider Buying and Selling at CDW

In other 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 transaction, the insider now directly owns 22,428 shares in the company, valued at $5,392,812.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Sona Chawla sold 18,437 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $240.45, for a total value of $4,433,176.65. Following the completion of the transaction, the insider now owns 22,428 shares in the company, valued at approximately $5,392,812.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Christine A. Leahy bought 1,200 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were acquired at an average price 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 disclosure for this purchase can be found here. Company insiders own 0.90% of the company’s stock.

CDW Price Performance

CDW stock 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. CDW Co. has a 52 week low of $185.04 and a 52 week high of $263.37. The stock has a market capitalization of $30.63 billion, a P/E ratio of 28.45, a price-to-earnings-growth ratio of 3.27 and a beta of 1.04. The stock has a fifty day moving average of $222.18 and a 200-day moving average of $230.23.

CDW (NASDAQ:CDW) last issued its 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 return on equity of 62.22% and a net margin of 5.29%. The business had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.43 billion. During the same period in the previous year, the firm posted $2.43 EPS. The firm’s revenue was down 3.6% compared to the same quarter last year. On average, sell-side analysts expect that CDW Co. will post 9.4 earnings per share for the current fiscal year.

CDW Announces Dividend

The business 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 yield of 1.09%. The ex-dividend date was Monday, August 26th. CDW’s payout ratio is 30.96%.

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.