XTX Topco Ltd Makes New $652,000 Investment in CDW Co. (NASDAQ:CDW)

XTX Topco Ltd acquired a new position in shares of CDW Co. (NASDAQ:CDW) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 2,912 shares of the information technology services provider’s stock, valued at approximately $652,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Massmutual Trust Co. FSB ADV boosted its stake in CDW by 5.9% during the first quarter. Massmutual Trust Co. FSB ADV now owns 767 shares of the information technology services provider’s stock worth $196,000 after buying an additional 43 shares during the last quarter. RDA Financial Network boosted its stake 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 buying an additional 46 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in CDW by 1.4% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,446 shares of the information technology services provider’s stock worth $881,000 after buying an additional 47 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in CDW by 0.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 11,541 shares of the information technology services provider’s stock worth $2,583,000 after buying an additional 54 shares during the last quarter. Finally, Boltwood Capital Management boosted its stake in CDW by 3.2% during the first quarter. Boltwood Capital Management now owns 1,777 shares of the information technology services provider’s stock worth $455,000 after buying an additional 55 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Barclays reduced their target price on CDW from $232.00 to $229.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 1st. Northcoast Research upgraded CDW from a “neutral” rating to a “buy” rating and set a $270.00 target price on the stock in a research report on Friday, June 7th. 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 report on Wednesday, July 17th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $254.63.

Insiders Place Their Bets

In related news, insider Christine A. Leahy purchased 1,200 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were bought at an average price of $216.15 per share, for a total transaction of $259,380.00. Following the acquisition, the insider now directly owns 102,200 shares in the company, valued at $22,090,530. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other CDW news, insider Sona Chawla sold 18,437 shares of the company’s stock in a transaction dated 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 sale, 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 is available through the SEC website. Also, insider Christine A. Leahy purchased 1,200 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were bought at an average price of $216.15 per share, for a total transaction of $259,380.00. Following the acquisition, the insider now owns 102,200 shares in the company, valued at $22,090,530. The disclosure for this purchase can be found here. 0.90% of the stock is owned by company insiders.

CDW Price Performance

CDW stock opened at $224.11 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 1.02 and a debt-to-equity ratio of 2.03. The company has a market capitalization of $30.12 billion, a PE ratio of 27.98, a P/E/G ratio of 3.27 and a beta of 1.04. CDW Co. has a 12-month low of $185.04 and a 12-month high of $263.37. The business’s fifty day moving average price is $221.95 and its 200 day moving average price is $229.68.

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

CDW Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were issued a dividend of $0.62 per share. The ex-dividend date was Monday, August 26th. This represents a $2.48 annualized dividend and a yield of 1.11%. CDW’s dividend payout ratio (DPR) is 30.96%.

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.