Capital Investment Advisors LLC Takes $209,000 Position in CDW (NASDAQ:CDW)

Financial Advisors


Capital Investment Advisors LLC acquired new shares of CDW’s stock during the first quarter, according to the company’s most recent 13F filing with the SEC (NASDAQ: CDW – Get Rating). The company acquired 1,070 shares of an information technology service provider, valued at approximately $209,000.

Several other institutional investors and hedge funds have also recently changed positions in CDW. Allworth Financial LP increased his CDW holdings by 76.3% in the fourth quarter. Allworth Financial LP now owns 141 shares of the information technology services provider, valued at $25,000, after purchasing an additional 61 of his shares during the previous quarter. RFP Financial Group LLC purchased his new position in CDW stock for his $25,000 during the fourth quarter. Dark Forest Capital Management LP increased his CDW holdings by 86.9% in the fourth quarter. Dark Forest Capital Management LP purchased an additional 73 shares last quarter and now owns 157 shares of the information technology services provider worth $28,000. Eagle Bay Advisors LLC increased its holding of CDW shares by 1,333.3% in the fourth quarter. Eagle Bay Advisors LLC now owns 172 shares of the information technology services provider, valued at $31,000, after purchasing an additional 160 shares during the previous quarter. Finally, Altshuler Shaham Ltd purchased a new position in his CDW shares during the fourth quarter for $33,000. Hedge funds and other institutional investors own 94.73% of the company’s shares.

Insider activity at CDW

In other news from CDW, insider Christine A. Leahy bought 3,050 shares of the stock in a transaction that took place on Thursday, May 4th. The shares were purchased at her average cost per share of $163.62, giving her a total of $499,041.00. Following the transaction, the insider directly owned 68,622 shares of the company, valued at approximately $11,227,931.64. The transaction was disclosed in legal filings with the Securities and Exchange Commission, available at this hyperlink. Currently, 0.85% of the shares are owned by corporate insiders.

Wall Street analyst speaks out

CDW has been the subject of several recent research papers. StockNews.com began reporting on CDW shares in a report on Thursday, May 18. They set a “Hold” rating on the stock. Stifel Nikolaus lowered his price target on CDW shares from $215.00 to $205.00 in a report on Wednesday, April 19, setting a Buy rating on the stock. Bank of America cut its price target on CDW shares to $185.00 from $200.00 in a report on Thursday, May 4. Credit Suisse Group cut its price target on CDW shares to $190.00 from $195.00 in a report on Thursday, May 4. Finally, Morgan Stanley lowered its price target on CDW stock to $200.00 from $228.00 and set the stock’s rating to Overweight in its report on Wednesday, April 19. Two equity research analysts rate the company as a “hold” and seven rate it as a “buy.” Based on MarketBeat.com data, CDW’s Consensus Rating is currently “Moderate Buy” with a Consensus Target Price of $205.63.

CDW trading up 1.0%

NASDAQ: CDW opened Friday at $178.53. The company’s 50-day moving average price is $171.96 and its 200-day moving average price is $185.51. CDW fell to a 12-month low of $147.91 and a 12-month high of $215.00. The company has a current ratio of 1.31, a quick ratio of 1.15 and a debt to equity ratio of 3.66. The stock has a market capitalization of $24.06 billion, a price/earnings multiple of 22.37 times, a P/E ratio of 1.50 times, and a beta of 1.10 times.

CDW (NASDAQ:CDW – Get Rating) last reported earnings on Wednesday, May 3rd. The information technology service provider reported his EPS of $1.99 for the quarter, beating consensus expectations of $1.91 for him by $0.08. CDW’s net margin was 4.78% and return on equity was 90.20%. The company posted $5.1 billion in revenue for the quarter, up from $5.1 billion expected by analysts. Equity analysts expect CDW’s EPS to be 9.05 this year.

CDW Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 13th. Investors of record on Thursday, May 25, were given a dividend of $0.59 per share. The ex-dividend date for this dividend was Wednesday, May 24. This equates to his $2.36 dividend and his 1.32% yield on an annualized basis. CDW’s Dividend Payout Ratio (DPR) is currently 29.57%.

CDW Company Profile

(get rating)

CDW Corporation provides information technology (IT) solutions in the US, UK and Canada. He operates through three segments: Enterprise, Small Business and Public. The company offers discrete hardware and software products and services, as well as integrated IT solutions that include on-premises, hybrid and cloud capabilities across hybrid infrastructure, digital experience and security.

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CDW Quarterly Institutional Ownership (NASDAQ:CDW)

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