Entropy Technologies LP Raises Stock Holdings in CDW Corporation $CDW

Entropy Technologies LP lifted its stake in CDW Corporation (NASDAQ:CDW) by 1,094.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,370 shares of the information technology services provider’s stock after buying an additional 20,497 shares during the quarter. Entropy Technologies LP’s holdings in CDW were worth $3,563,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CDW. Root Financial Partners LLC bought a new position in shares of CDW during the 3rd quarter valued at approximately $26,000. Quent Capital LLC bought a new stake in CDW during the 3rd quarter worth approximately $57,000. Covestor Ltd lifted its holdings in CDW by 87.9% during the third quarter. Covestor Ltd now owns 483 shares of the information technology services provider’s stock valued at $77,000 after purchasing an additional 226 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its holdings in CDW by 15.5% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 1,427 shares of the information technology services provider’s stock valued at $255,000 after purchasing an additional 192 shares in the last quarter. Finally, Franklin Street Advisors Inc. NC bought a new position in shares of CDW in the third quarter worth approximately $290,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

CDW Price Performance

CDW stock opened at $113.48 on Friday. CDW Corporation has a one year low of $112.98 and a one year high of $192.30. The company’s fifty day moving average price is $128.29 and its 200-day moving average price is $143.84. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.10 and a current ratio of 1.18. The company has a market capitalization of $14.64 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 1.64 and a beta of 1.06.

CDW (NASDAQ:CDW) last posted its earnings results on Wednesday, February 4th. The information technology services provider reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.13. The company had revenue of $5.51 billion during the quarter, compared to analysts’ expectations of $5.33 billion. CDW had a net margin of 4.76% and a return on equity of 50.66%. CDW’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the company posted $2.48 earnings per share. On average, equities analysts anticipate that CDW Corporation will post 9.41 EPS for the current fiscal year.

CDW Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 25th were given a dividend of $0.63 per share. The ex-dividend date was Wednesday, February 25th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.2%. CDW’s dividend payout ratio (DPR) is presently 31.15%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of CDW in a research note on Tuesday, January 27th. Citigroup upped their target price on shares of CDW from $148.00 to $150.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. UBS Group cut their price target on CDW from $190.00 to $162.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. Barclays decreased their price target on CDW from $148.00 to $144.00 and set an “equal weight” rating on the stock in a report on Thursday, February 5th. Finally, JPMorgan Chase & Co. lowered their price objective on CDW from $170.00 to $160.00 and set a “neutral” rating on the stock in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $160.43.

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.