SG Americas Securities LLC Decreases Position in CDW Co. (NASDAQ:CDW)

SG Americas Securities LLC lessened its holdings in CDW Co. (NASDAQ:CDW) by 34.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,564 shares of the information technology services provider’s stock after selling 16,995 shares during the period. SG Americas Securities LLC’s holdings in CDW were worth $7,369,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CDW. CIBC Private Wealth Group LLC boosted its position in CDW by 2.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 16,333 shares of the information technology services provider’s stock valued at $3,713,000 after buying an additional 356 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of CDW by 9.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 588,054 shares of the information technology services provider’s stock worth $133,677,000 after purchasing an additional 52,771 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its position in shares of CDW by 672.7% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 15,183 shares of the information technology services provider’s stock worth $3,451,000 after purchasing an additional 13,218 shares during the last quarter. American International Group Inc. lifted its position in shares of CDW by 24.2% during the 4th quarter. American International Group Inc. now owns 46,228 shares of the information technology services provider’s stock worth $10,509,000 after purchasing an additional 9,003 shares during the last quarter. Finally, Pinebridge Investments L.P. purchased a new stake in shares of CDW during the 4th quarter worth $472,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Insider Buying and Selling at CDW

In other CDW news, insider Christine A. Leahy acquired 1,200 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were bought at an average cost of $216.15 per share, for a total transaction of $259,380.00. Following the completion of the purchase, the insider now owns 102,200 shares in the company, valued at $22,090,530. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, 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 transaction, the insider now directly owns 22,428 shares in the company, valued at $5,392,812.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Christine A. Leahy purchased 1,200 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were purchased at an average price of $216.15 per share, for a total transaction 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. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.90% of the stock is currently owned by company insiders.

CDW Price Performance

Shares of NASDAQ:CDW opened at $221.69 on Friday. The company’s fifty day moving average price is $220.24 and its 200 day moving average price is $228.25. CDW Co. has a 12 month low of $185.04 and a 12 month high of $263.37. 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 firm has a market capitalization of $29.79 billion, a P/E ratio of 27.68, a P/E/G ratio of 3.40 and a beta of 1.03.

CDW (NASDAQ:CDW) last announced 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 return on equity of 62.22% and a net margin of 5.29%. The company had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.43 billion. During the same quarter in the prior year, the business earned $2.43 earnings per share. CDW’s revenue was down 3.6% compared to the same quarter last year. As a group, sell-side analysts predict that CDW Co. will post 9.4 earnings per share for the current fiscal year.

CDW Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CDW shares. Citigroup cut shares of 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 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 report on Wednesday, July 17th. Finally, Barclays decreased their price objective on shares of CDW from $232.00 to $229.00 and set an “equal weight” rating for the company in a research report on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $255.00.

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.