CDW Co. (NASDAQ:CDW) Position Increased by 1832 Asset Management L.P.

1832 Asset Management L.P. increased its stake in CDW Co. (NASDAQ:CDW) by 1.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 300,487 shares of the information technology services provider’s stock after purchasing an additional 3,979 shares during the period. 1832 Asset Management L.P. owned 0.22% of CDW worth $67,261,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CDW. Wellington Management Group LLP lifted its holdings in shares of CDW by 29.1% in the 4th quarter. Wellington Management Group LLP now owns 3,464,886 shares of the information technology services provider’s stock worth $787,638,000 after purchasing an additional 781,421 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of CDW by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 16,407,542 shares of the information technology services provider’s stock worth $4,196,721,000 after purchasing an additional 714,393 shares during the last quarter. Lazard Asset Management LLC lifted its holdings 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 purchasing an additional 611,054 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of CDW by 627.3% in the 4th quarter. First Trust Advisors LP now owns 625,781 shares of the information technology services provider’s stock worth $142,252,000 after purchasing an additional 539,745 shares during the last quarter. Finally, Ceredex Value Advisors LLC bought a new stake in CDW during the 2nd quarter valued at $79,549,000. Institutional investors own 93.15% of the company’s stock.

CDW Stock Down 1.1 %

CDW opened at $225.30 on Monday. CDW Co. has a one year low of $185.04 and a one year high of $263.37. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.02 and a current ratio of 1.13. The stock’s fifty day moving average is $222.12 and its 200-day moving average is $229.85. The company has a market capitalization of $30.28 billion, a PE ratio of 28.13, a P/E/G ratio of 3.27 and a beta of 1.04.

CDW (NASDAQ:CDW) last posted its quarterly earnings data on Wednesday, July 31st. The information technology services provider reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $2.39 by ($0.05). CDW had a return on equity of 62.22% and a net margin of 5.29%. The firm had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.43 billion. During the same period in the prior year, the firm posted $2.43 EPS. The firm’s quarterly revenue was down 3.6% on a year-over-year basis. On average, equities analysts predict that CDW Co. will post 9.4 EPS for the current fiscal year.

CDW Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.10%. 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 purchased 1,200 shares of the stock in a transaction dated 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 acquisition, the insider now owns 102,200 shares of the company’s stock, valued at approximately $22,090,530. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Sona Chawla sold 18,437 shares of CDW stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $240.45, for a total transaction of $4,433,176.65. Following the transaction, the insider now owns 22,428 shares in the company, valued at $5,392,812.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christine A. Leahy bought 1,200 shares of the stock in a transaction 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 purchase, the insider now directly owns 102,200 shares of the company’s stock, valued at $22,090,530. The disclosure for this purchase can be found here. Insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

CDW has been the topic of several recent analyst reports. Northcoast Research raised CDW from a “neutral” rating to a “buy” rating and set a $270.00 target price on the stock in a research note on Friday, June 7th. Barclays cut their target price on CDW from $232.00 to $229.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 1st. Finally, Stifel Nicolaus lifted their target price on CDW from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $254.63.

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.