4,689 Shares in CDW Corporation $CDW Purchased by Callan Family Office LLC

Callan Family Office LLC purchased a new stake in shares of CDW Corporation (NASDAQ:CDW) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,689 shares of the information technology services provider’s stock, valued at approximately $659,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp increased its stake in shares of CDW by 316.0% during the first quarter. Jones Financial Companies Lllp now owns 4,896 shares of the information technology services provider’s stock valued at $785,000 after buying an additional 3,719 shares during the period. Empowered Funds LLC boosted its holdings in CDW by 1.2% in the first quarter. Empowered Funds LLC now owns 18,076 shares of the information technology services provider’s stock valued at $2,897,000 after acquiring an additional 216 shares in the last quarter. California State Teachers Retirement System increased its position in CDW by 0.6% during the 2nd quarter. California State Teachers Retirement System now owns 225,709 shares of the information technology services provider’s stock valued at $40,309,000 after purchasing an additional 1,242 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its holdings in CDW by 1,339.7% in the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 49,380 shares of the information technology services provider’s stock worth $8,819,000 after purchasing an additional 45,950 shares in the last quarter. Finally, State of Tennessee Department of Treasury lifted its position in shares of CDW by 17.7% in the 2nd quarter. State of Tennessee Department of Treasury now owns 40,927 shares of the information technology services provider’s stock worth $7,309,000 after purchasing an additional 6,143 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Insider Activity at CDW

In other news, insider Elizabeth H. Connelly sold 26,695 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $137.62, for a total value of $3,673,765.90. Following the sale, the insider directly owned 34,215 shares of the company’s stock, valued at $4,708,668.30. The trade was a 43.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.82% of the stock is currently owned by corporate insiders.

CDW Stock Up 7.2%

NASDAQ:CDW opened at $142.09 on Wednesday. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.17 and a quick ratio of 1.05. The firm’s 50-day moving average price is $136.63 and its 200-day moving average price is $128.48. The company has a market capitalization of $17.76 billion, a PE ratio of 17.08, a P/E/G ratio of 1.74 and a beta of 0.96. CDW Corporation has a 1-year low of $97.12 and a 1-year high of $171.55.

CDW (NASDAQ:CDW) last posted its quarterly earnings data on Wednesday, August 5th. The information technology services provider reported $2.91 EPS for the quarter, topping the consensus estimate of $2.80 by $0.11. The business had revenue of $6.57 billion for the quarter, compared to analyst estimates of $6.21 billion. CDW had a net margin of 4.60% and a return on equity of 50.61%. CDW’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.60 earnings per share. On average, equities analysts predict that CDW Corporation will post 10.28 EPS for the current fiscal year.

CDW Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Tuesday, August 25th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Tuesday, August 25th. CDW’s dividend payout ratio (DPR) is presently 30.29%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CDW. Barclays reduced their price target on shares of CDW from $144.00 to $123.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 7th. UBS Group cut their price objective on CDW from $162.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Morgan Stanley upped their target price on CDW from $170.00 to $171.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Citigroup increased their target price on CDW from $123.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. Finally, JPMorgan Chase & Co. upgraded CDW from a “neutral” rating to an “overweight” rating and set a $130.00 target price for the company in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $147.00.

CDW Company Profile

CDW (NASDAQ: CDW) is a leading provider of information technology products and integrated solutions for business, government, education and healthcare customers. The company sources and resells hardware and software from major technology vendors and packages those products with professional services, managed services and lifecycle support. Its offerings span IT infrastructure, cloud and data center solutions, cybersecurity, networking, unified communications, endpoint devices, and software licensing and procurement services designed to simplify IT operations for customers.

CDW combines a broad product portfolio with consultative sales, implementation and technical support capabilities.