Blair William & Co. IL Raises Stock Position in CDW Co. (NASDAQ:CDW)

Blair William & Co. IL boosted its position in shares of CDW Co. (NASDAQ:CDW) by 2.0% in the second quarter, HoldingsChannel reports. The fund owned 113,547 shares of the information technology services provider’s stock after purchasing an additional 2,231 shares during the quarter. Blair William & Co. IL’s holdings in CDW were worth $25,416,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. UBS Group AG lifted its holdings in shares of CDW by 60.7% during the 4th quarter. UBS Group AG now owns 194,686 shares of the information technology services provider’s stock valued at $44,256,000 after purchasing an additional 73,503 shares during the last quarter. Acadian Asset Management LLC raised its stake in CDW by 211.5% in the first quarter. Acadian Asset Management LLC now owns 44,205 shares of the information technology services provider’s stock valued at $11,302,000 after buying an additional 30,012 shares during the last quarter. Rafferty Asset Management LLC boosted its holdings in CDW by 157.3% in the fourth quarter. Rafferty Asset Management LLC now owns 90,362 shares of the information technology services provider’s stock worth $20,541,000 after acquiring an additional 55,239 shares in the last quarter. Insight Wealth Strategies LLC purchased a new stake in shares of CDW during the first quarter worth about $3,940,000. Finally, Madison Asset Management LLC increased its holdings in shares of CDW by 2.8% during the fourth quarter. Madison Asset Management LLC now owns 374,505 shares of the information technology services provider’s stock valued at $85,132,000 after acquiring an additional 10,183 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

CDW Price Performance

NASDAQ:CDW opened at $221.62 on Thursday. The firm’s fifty day moving average is $222.10 and its two-hundred day moving average is $230.24. The firm has a market cap of $29.79 billion, a price-to-earnings ratio of 27.67, a PEG ratio of 3.27 and a beta of 1.04. 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 one year low of $185.04 and a one year high of $263.37.

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 analysts’ consensus estimates of $2.39 by ($0.05). The company had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.43 billion. CDW had a return on equity of 62.22% and a net margin of 5.29%. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.43 EPS. Research analysts expect that CDW Co. will post 9.4 EPS for the current year.

CDW Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Barclays lowered 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. Northcoast Research upgraded shares of CDW from a “neutral” rating to a “buy” rating and set a $270.00 price objective for the company in a research note on Friday, June 7th. Finally, Stifel Nicolaus upped their target price on CDW from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, CDW presently has a consensus rating of “Moderate Buy” and an average target price of $254.63.

Insider Activity at CDW

In related news, insider Sona Chawla sold 18,437 shares of the firm’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 sale, the insider now owns 22,428 shares in the company, valued at $5,392,812.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other CDW news, insider Christine A. Leahy bought 1,200 shares of CDW stock in a transaction dated Thursday, August 1st. The stock was acquired at an average cost 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 approximately $22,090,530. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Sona Chawla sold 18,437 shares of CDW 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 sale, the insider now directly owns 22,428 shares in the company, valued at approximately $5,392,812.60. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.

About CDW

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.