CDW Co. (NASDAQ:CDW) Shares Acquired by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd raised its stake in shares of CDW Co. (NASDAQ:CDW) by 29.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,056 shares of the information technology services provider’s stock after acquiring an additional 4,845 shares during the period. UniSuper Management Pty Ltd’s holdings in CDW were worth $5,386,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Tsfg LLC purchased a new position in CDW during the 1st quarter worth approximately $26,000. Larson Financial Group LLC purchased a new stake in shares of CDW in the fourth quarter valued at $30,000. Rise Advisors LLC purchased a new stake in shares of CDW during the 1st quarter valued at $34,000. ORG Partners LLC acquired a new position in shares of CDW during the 4th quarter valued at $36,000. Finally, Oakworth Capital Inc. purchased a new position in shares of CDW in the fourth quarter valued at $36,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

CDW Stock Performance

Shares of NASDAQ CDW traded down $2.37 during trading hours on Tuesday, reaching $230.15. 417,854 shares of the stock were exchanged, compared to its average volume of 787,719. The company has a debt-to-equity ratio of 2.35, a quick ratio of 1.13 and a current ratio of 1.26. The firm has a market capitalization of $30.93 billion, a price-to-earnings ratio of 28.73, a P/E/G ratio of 3.37 and a beta of 1.04. CDW Co. has a 52 week low of $184.99 and a 52 week high of $263.37. The stock’s fifty day simple moving average is $226.00 and its 200 day simple moving average is $234.07.

CDW (NASDAQ:CDW) last announced its quarterly earnings data on Wednesday, May 1st. The information technology services provider reported $1.89 earnings per share for the quarter, missing the consensus estimate of $2.04 by ($0.15). The business had revenue of $4.87 billion for the quarter, compared to the consensus estimate of $4.94 billion. CDW had a return on equity of 67.56% and a net margin of 5.16%. Sell-side analysts predict that CDW Co. will post 9.67 EPS for the current year.

CDW Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Friday, May 24th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Thursday, May 23rd. CDW’s dividend payout ratio (DPR) is 30.96%.

Wall Street Analyst Weigh In

A number of brokerages have commented on CDW. Citigroup decreased their target price on CDW from $295.00 to $260.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. JPMorgan Chase & Co. dropped their price objective on shares of CDW from $280.00 to $265.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Barclays reduced their price objective on shares of CDW from $261.00 to $232.00 and set an “equal weight” rating for the company in a research note on Thursday, May 2nd. Northcoast Research raised CDW from a “neutral” rating to a “buy” rating and set a $270.00 price target on the stock in a research report on Friday, June 7th. Finally, Stifel Nicolaus boosted their price target on CDW from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, CDW has an average rating of “Moderate Buy” and an average price target of $251.11.

Insider Activity

In related news, insider Sona Chawla sold 18,437 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $240.45, for a total transaction of $4,433,176.65. Following the transaction, the insider now directly owns 22,428 shares of the company’s stock, valued at $5,392,812.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.90% of the stock is currently owned by company insiders.

CDW Profile

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