Bartlett & Co. LLC reduced its stake in shares of CDW Co. (NASDAQ:CDW – Get Rating) by 0.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 215,421 shares of the information technology services provider’s stock after selling 1,850 shares during the period. Bartlett & Co. LLC owned 0.16% of CDW worth $41,983,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of CDW. Allworth Financial LP raised its holdings in CDW by 76.3% in the 4th quarter. Allworth Financial LP now owns 141 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 61 shares during the last quarter. RFP Financial Group LLC acquired a new position in CDW in the 4th quarter valued at $25,000. Dark Forest Capital Management LP raised its holdings in CDW by 86.9% in the 4th quarter. Dark Forest Capital Management LP now owns 157 shares of the information technology services provider’s stock valued at $28,000 after acquiring an additional 73 shares during the last quarter. Eagle Bay Advisors LLC raised its holdings in CDW by 1,333.3% in the 4th quarter. Eagle Bay Advisors LLC now owns 172 shares of the information technology services provider’s stock valued at $31,000 after acquiring an additional 160 shares during the last quarter. Finally, Altshuler Shaham Ltd purchased a new stake in shares of CDW during the 4th quarter valued at $33,000. 92.78% of the stock is currently owned by institutional investors and hedge funds.
CDW Stock Down 0.0 %
NASDAQ CDW traded down $0.05 during trading hours on Friday, hitting $178.15. The company had a trading volume of 1,528,376 shares, compared to its average volume of 816,864. The firm’s 50 day moving average is $172.85 and its 200 day moving average is $185.82. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.31 and a quick ratio of 1.15. The company has a market capitalization of $24.01 billion, a price-to-earnings ratio of 22.32, a P/E/G ratio of 1.50 and a beta of 1.10. CDW Co. has a fifty-two week low of $147.91 and a fifty-two week high of $215.00.
CDW (NASDAQ:CDW – Get Rating) last announced its earnings results on Wednesday, May 3rd. The information technology services provider reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.08. The company had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.10 billion. CDW had a return on equity of 90.20% and a net margin of 4.78%. Sell-side analysts anticipate that CDW Co. will post 9.05 earnings per share for the current fiscal year.
CDW Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 13th. Stockholders of record on Thursday, May 25th were paid a dividend of $0.59 per share. The ex-dividend date was Wednesday, May 24th. This represents a $2.36 annualized dividend and a dividend yield of 1.32%. CDW’s dividend payout ratio is presently 29.57%.
Insider Activity
In related news, insider Christine A. Leahy purchased 3,050 shares of CDW stock in a transaction dated Thursday, May 4th. The shares were acquired at an average price of $163.62 per share, with a total value of $499,041.00. Following the completion of the transaction, the insider now owns 68,622 shares of the company’s stock, valued at approximately $11,227,931.64. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.85% of the company’s stock.
Analyst Ratings Changes
Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their price objective on shares of CDW from $225.00 to $205.00 and set an “overweight” rating for the company in a research note on Wednesday, April 19th. Credit Suisse Group lowered their price objective on shares of CDW from $195.00 to $190.00 in a research note on Thursday, May 4th. Stifel Nicolaus lowered their price objective on shares of CDW from $215.00 to $205.00 and set a “buy” rating for the company in a research note on Wednesday, April 19th. Morgan Stanley lowered their price objective on shares of CDW from $228.00 to $200.00 and set an “overweight” rating for the company in a research note on Wednesday, April 19th. Finally, Bank of America lowered their price objective on shares of CDW from $200.00 to $185.00 in a research note on Thursday, May 4th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, CDW currently has a consensus rating of “Moderate Buy” and an average target price of $205.63.
CDW Company Profile
CDW Corp. engages in the provision of information technology solutions to small, medium, and large business, government, education, and healthcare customers. It operates through the following segments: Corporate, Small Business, Public, and Other. The Public segment includes government agencies and education and healthcare institutions.