Aperio Group LLC lifted its stake in CDW common stock (NASDAQ:CDW) by 3.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,569 shares of the information technology services provider’s stock after buying an additional 1,372 shares during the period. Aperio Group LLC’s holdings in CDW common stock were worth $3,274,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of CDW. Delpha Capital Management LLC acquired a new stake in shares of CDW common stock in the 4th quarter worth $154,000. SG Americas Securities LLC acquired a new stake in shares of CDW common stock in the fourth quarter valued at about $184,000. Bank of Hawaii acquired a new stake in shares of CDW common stock in the fourth quarter valued at about $202,000. Two Sigma Securities LLC acquired a new stake in shares of CDW common stock in the fourth quarter valued at about $208,000. Finally, Biltmore Wealth Management LLC acquired a new stake in shares of CDW common stock in the fourth quarter valued at about $228,000. 89.88% of the stock is currently owned by institutional investors.
Several analysts recently commented on the stock. Morgan Stanley lifted their target price on shares of CDW common stock from $70.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 3rd. Robert W. Baird restated a “buy” rating on shares of CDW common stock in a research report on Wednesday, May 2nd. Zacks Investment Research downgraded shares of CDW common stock from a “buy” rating to a “hold” rating in a report on Thursday, May 10th. BidaskClub upgraded shares of CDW common stock from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 2nd. Finally, JPMorgan Chase & Co. initiated coverage on shares of CDW common stock in a report on Wednesday, March 7th. They set a “neutral” rating and a $83.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. CDW common stock has a consensus rating of “Buy” and a consensus price target of $78.50.
CDW common stock (NASDAQ:CDW) last posted its earnings results on Wednesday, May 2nd. The information technology services provider reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.17. The business had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.46 billion. CDW common stock had a net margin of 3.83% and a return on equity of 69.59%. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.75 earnings per share. research analysts anticipate that CDW common stock will post 4.68 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, June 11th. Shareholders of record on Friday, May 25th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, May 24th. This represents a $0.84 annualized dividend and a yield of 1.00%. CDW common stock’s payout ratio is 21.65%.
In other news, insider Thomas E. Richards sold 17,647 shares of the company’s stock in a transaction dated Friday, June 15th. The shares were sold at an average price of $82.31, for a total transaction of $1,452,524.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paul J. Finnegan sold 2,293 shares of the company’s stock in a transaction dated Wednesday, May 9th. The stock was sold at an average price of $77.04, for a total transaction of $176,652.72. Following the transaction, the director now owns 12,384 shares of the company’s stock, valued at approximately $954,063.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 108,564 shares of company stock valued at $8,740,200. 2.60% of the stock is owned by insiders.
CDW common stock Profile
CDW Corporation provides integrated information technology (IT) solutions to business, government, education, and healthcare customers in the United States, Canada, and the United Kingdom. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products, as well as integrated IT solutions, including mobility, security, data center optimization, cloud computing, virtualization, and collaboration.
Receive News & Ratings for CDW common stock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CDW common stock and related companies with MarketBeat.com's FREE daily email newsletter.