Benjamin F. Edwards & Company Inc. Decreases Holdings in CDW Co. (NASDAQ:CDW)

Benjamin F. Edwards & Company Inc. trimmed its holdings in shares of CDW Co. (NASDAQ:CDW) by 39.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 149 shares of the information technology services provider’s stock after selling 97 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in CDW were worth $33,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in CDW. Tsfg LLC purchased a new stake in CDW during the 1st quarter worth $26,000. Rise Advisors LLC purchased a new stake in CDW during the 1st quarter worth $34,000. ORG Partners LLC purchased a new stake in CDW during the 2nd quarter worth $34,000. Quest Partners LLC purchased a new stake in CDW during the 2nd quarter worth $35,000. Finally, Summit Securities Group LLC purchased a new position in CDW in the 2nd quarter valued at about $40,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Sona Chawla sold 18,437 shares of the 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 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 is available through this hyperlink. In related news, insider Sona Chawla sold 18,437 shares of the 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 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 is available through this hyperlink. Also, insider Christine A. Leahy acquired 1,200 shares of the company’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 purchase, the insider now owns 102,200 shares of the company’s stock, valued at $22,090,530. The disclosure for this purchase can be found here. 0.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Northcoast Research raised shares of CDW from a “neutral” rating to a “buy” rating and set a $270.00 price objective for the company in a research report on Friday, June 7th. Stifel Nicolaus upped their price objective 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. 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 six have assigned a buy rating to the company. Based on data from MarketBeat, CDW presently has a consensus rating of “Moderate Buy” and an average price target of $254.63.

CDW Stock Performance

Shares of CDW stock opened at $226.55 on Friday. The firm has a market cap of $30.45 billion, a PE ratio of 28.28, a price-to-earnings-growth ratio of 3.40 and a beta of 1.04. The firm’s 50-day simple moving average is $221.17 and its 200-day simple moving average is $229.16. 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 1 year low of $185.04 and a 1 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 earnings per share (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 analyst estimates of $5.43 billion. CDW had a net margin of 5.29% and a return on equity of 62.22%. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.43 EPS. Equities analysts forecast that CDW Co. will post 9.4 earnings per share for the current fiscal year.

CDW Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th were paid a $0.62 dividend. The ex-dividend date was Monday, August 26th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.09%. CDW’s dividend payout ratio (DPR) is presently 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.