CDW Co. (NASDAQ:CDW) Shares Purchased by Alliance Wealth Advisors LLC UT

Alliance Wealth Advisors LLC UT boosted its position in shares of CDW Co. (NASDAQ:CDWFree Report) by 7.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,675 shares of the information technology services provider’s stock after purchasing an additional 196 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in CDW were worth $540,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. WBI Investments Inc. acquired a new stake in shares of CDW during the third quarter valued at about $2,826,000. Greenleaf Trust grew its holdings in shares of CDW by 4.8% in the third quarter. Greenleaf Trust now owns 2,121 shares of the information technology services provider’s stock valued at $428,000 after purchasing an additional 98 shares in the last quarter. Boston Financial Mangement LLC grew its holdings in shares of CDW by 1.7% in the third quarter. Boston Financial Mangement LLC now owns 184,030 shares of the information technology services provider’s stock valued at $37,130,000 after purchasing an additional 3,122 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in CDW by 68.8% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 112,052 shares of the information technology services provider’s stock worth $22,608,000 after buying an additional 45,664 shares during the period. Finally, Blair William & Co. IL increased its stake in CDW by 1.4% during the 3rd quarter. Blair William & Co. IL now owns 96,523 shares of the information technology services provider’s stock worth $19,474,000 after buying an additional 1,321 shares during the period. 93.04% of the stock is currently owned by institutional investors and hedge funds.

CDW Trading Down 1.3 %

Shares of CDW stock opened at $242.00 on Tuesday. The company has a fifty day simple moving average of $224.40 and a 200-day simple moving average of $212.75. CDW Co. has a 12-month low of $160.66 and a 12-month high of $247.63. The company has a current ratio of 1.23, a quick ratio of 1.11 and a debt-to-equity ratio of 2.46. The stock has a market cap of $32.42 billion, a price-to-earnings ratio of 29.88, a PEG ratio of 1.93 and a beta of 1.10.

CDW (NASDAQ:CDWGet Free Report) last issued its earnings results on Wednesday, February 7th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.56 by $0.01. CDW had a net margin of 5.17% and a return on equity of 73.93%. The business had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $5.32 billion. During the same quarter in the prior year, the business posted $2.40 EPS. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. On average, equities analysts forecast that CDW Co. will post 9.71 EPS for the current fiscal year.

CDW declared that its board has authorized a stock buyback plan on Wednesday, February 7th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the information technology services provider to repurchase up to 2.4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

CDW Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 12th. Investors of record on Monday, February 26th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Friday, February 23rd. CDW’s dividend payout ratio is currently 30.62%.

Insider Buying and Selling

In other news, insider Christina M. Corley sold 700 shares of the firm’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $220.01, for a total value of $154,007.00. Following the completion of the sale, the insider now owns 62,536 shares in the company, valued at approximately $13,758,545.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Christina M. Corley sold 700 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $220.01, for a total value of $154,007.00. Following the completion of the transaction, the insider now owns 62,536 shares in the company, valued at approximately $13,758,545.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christina M. Corley sold 48,320 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $217.23, for a total transaction of $10,496,553.60. Following the completion of the transaction, the insider now owns 62,536 shares of the company’s stock, valued at approximately $13,584,695.28. The disclosure for this sale can be found here. 0.85% of the stock is owned by company insiders.

Analysts Set New Price Targets

CDW has been the topic of several recent research reports. Morgan Stanley downgraded shares of CDW from an “overweight” rating to an “equal weight” rating and set a $216.00 target price on the stock. in a research note on Tuesday, December 12th. Barclays upped their target price on shares of CDW from $219.00 to $261.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 8th. Finally, JPMorgan Chase & Co. upped their target price on shares of CDW from $253.00 to $267.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $223.60.

Get Our Latest Analysis on CDW

CDW Profile

(Free Report)

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, hybrid, and cloud capabilities across hybrid infrastructure, digital experience, and security.

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Institutional Ownership by Quarter for CDW (NASDAQ:CDW)

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