Kathmere Capital Management LLC Sells 319 Shares of CDW Co. (NASDAQ:CDW)

Kathmere Capital Management LLC cut its position in CDW Co. (NASDAQ:CDW) by 12.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,206 shares of the information technology services provider’s stock after selling 319 shares during the period. Kathmere Capital Management LLC’s holdings in CDW were worth $494,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CDW shares. Northcoast Research raised shares of CDW from a “neutral” rating to a “buy” rating and set a $270.00 price objective on the stock in a research note on Friday, June 7th. Barclays dropped their price target on shares of CDW from $232.00 to $229.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 1st. Finally, Stifel Nicolaus boosted their price objective on CDW from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $254.63.

CDW Stock Down 0.9 %

CDW stock opened at $226.55 on Friday. 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 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. CDW Co. has a fifty-two week low of $185.04 and a fifty-two week high of $263.37. The firm’s 50-day simple moving average is $221.17 and its 200 day simple moving average is $229.16.

CDW (NASDAQ:CDW) last issued its quarterly 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). CDW had a net margin of 5.29% and a return on equity of 62.22%. The business had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $5.43 billion. During the same period in the previous year, the business posted $2.43 earnings per share. The business’s revenue was down 3.6% compared to the same quarter last year. Research analysts predict that CDW Co. will post 9.4 EPS for the current fiscal year.

CDW Dividend Announcement

The business also recently declared 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 1.09%. The ex-dividend date of this dividend was Monday, August 26th. CDW’s dividend payout ratio (DPR) is currently 30.96%.

Insider Activity at CDW

In related news, insider Christine A. Leahy acquired 1,200 shares of the stock in a transaction on Thursday, August 1st. The shares were acquired at an average price of $216.15 per share, with a total value of $259,380.00. Following the completion of the transaction, the insider now owns 102,200 shares in the company, valued at approximately $22,090,530. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Christine A. Leahy bought 1,200 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 102,200 shares of the company’s stock, valued at approximately $22,090,530. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Sona Chawla sold 18,437 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $240.45, for a total value of $4,433,176.65. Following the completion of the sale, the insider now owns 22,428 shares in the company, valued at $5,392,812.60. The disclosure for this sale can be found here. 0.90% of the stock is owned by company insiders.

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.