CDW Corporation $CDW Stock: Yousif Capital Management LLC Grows Holdings

Yousif Capital Management LLC grew its stake in CDW Corporation (NASDAQ:CDW) by 585.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 117,095 shares of the information technology services provider’s stock after purchasing an additional 100,017 shares during the quarter. Yousif Capital Management LLC’s holdings in CDW were worth $15,007,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Parkside Financial Bank & Trust boosted its holdings in shares of CDW by 48.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 268 shares of the information technology services provider’s stock worth $38,000 after buying an additional 87 shares during the period. V Square Quantitative Management LLC grew its stake in CDW by 2.8% in the 3rd quarter. V Square Quantitative Management LLC now owns 3,252 shares of the information technology services provider’s stock valued at $417,000 after buying an additional 89 shares during the last quarter. Root Financial Partners LLC raised its holdings in CDW by 54.7% in the 1st quarter. Root Financial Partners LLC now owns 263 shares of the information technology services provider’s stock valued at $32,000 after acquiring an additional 93 shares during the period. CX Institutional raised its holdings in CDW by 4.0% in the 3rd quarter. CX Institutional now owns 2,585 shares of the information technology services provider’s stock valued at $331,000 after acquiring an additional 99 shares during the period. Finally, Studio Investment Management LLC raised its holdings in CDW by 6.0% in the 2nd quarter. Studio Investment Management LLC now owns 2,667 shares of the information technology services provider’s stock valued at $375,000 after acquiring an additional 150 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CDW. Morgan Stanley raised their price objective on shares of CDW from $170.00 to $171.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Citigroup upped their target price on CDW from $123.00 to $145.00 and gave the company a “neutral” rating in a research report on Monday, July 13th. Weiss Ratings upgraded CDW from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 25th. Finally, Barclays dropped their price target on CDW from $150.00 to $148.00 and set an “equal weight” rating for the company in a report on Monday, September 21st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.12.

CDW Price Performance

NASDAQ:CDW traded up $0.49 during trading hours on Friday, reaching $165.11. 1,678,601 shares of the company were exchanged, compared to its average volume of 1,470,009. The business has a 50 day moving average of $144.83 and a 200 day moving average of $135.12. CDW Corporation has a 1-year low of $97.12 and a 1-year high of $166.15. 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 company has a market capitalization of $20.64 billion, a P/E ratio of 19.84, a P/E/G ratio of 2.16 and a beta of 0.95.

CDW (NASDAQ:CDW) last posted its quarterly earnings results on Wednesday, August 5th. The information technology services provider reported $2.91 EPS for the quarter, beating analysts’ consensus estimates of $2.80 by $0.11. CDW had a return on equity of 50.61% and a net margin of 4.60%. The business had revenue of $6.57 billion during the quarter, compared to the consensus estimate of $6.21 billion. During the same quarter in the previous year, the firm earned $2.60 earnings per share. CDW’s revenue for the quarter was up 10.0% compared to the same quarter last year. Research analysts forecast that CDW Corporation will post 10.33 EPS for the current year.

CDW Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Tuesday, August 25th were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, August 25th. CDW’s dividend payout ratio (DPR) is currently 30.29%.

Insider Activity at CDW

In other news, insider Elizabeth Connelly sold 26,695 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $137.62, for a total value of $3,673,765.90. Following the completion of the transaction, the insider directly owned 34,215 shares in the company, valued at approximately $4,708,668.30. The trade was a 43.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.82% of the company’s stock.

CDW Company Profile

CDW Corporation (NASDAQ: CDW) is a provider of technology products and services for business, government, education and healthcare organizations. The company helps customers plan, procure, implement and manage information technology solutions from leading hardware, software and cloud vendors.

Its offerings include computers, servers, networking equipment, data-storage systems, cybersecurity products, collaboration tools, software licensing and cloud solutions. CDW also provides professional and managed services, including technology consulting, infrastructure deployment, cloud management, security support and lifecycle services.

Founded in 1984 as Computer Discount Warehouse, CDW serves customers primarily in the United States, Canada and the United Kingdom through sales teams, digital channels and technology partnerships.