Duncker Streett & Co. Inc. Has $1.46 Million Holdings in CDW Co. (NASDAQ:CDW)

Duncker Streett & Co. Inc. trimmed its position in CDW Co. (NASDAQ:CDW - Free Report) by 66.5% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 6,507 shares of the information technology services provider's stock after selling 12,914 shares during the period. Duncker Streett & Co. Inc.'s holdings in CDW were worth $1,457,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in CDW by 4.6% in the first quarter. Vanguard Group Inc. now owns 16,407,542 shares of the information technology services provider's stock valued at $4,196,721,000 after buying an additional 714,393 shares during the period. Wellington Management Group LLP grew its stake in shares of CDW by 29.1% during the fourth quarter. Wellington Management Group LLP now owns 3,464,886 shares of the information technology services provider's stock worth $787,638,000 after purchasing an additional 781,421 shares during the period. Mawer Investment Management Ltd. increased its holdings in CDW by 0.9% in the first quarter. Mawer Investment Management Ltd. now owns 3,101,924 shares of the information technology services provider's stock valued at $793,410,000 after purchasing an additional 27,753 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in CDW by 3.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,431,573 shares of the information technology services provider's stock valued at $366,168,000 after buying an additional 51,450 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in CDW by 3.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,135,792 shares of the information technology services provider's stock worth $258,196,000 after buying an additional 33,235 shares during the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity at CDW

In other CDW news, insider Sona Chawla sold 18,437 shares of the business'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 sale, the insider now directly owns 22,428 shares of the company's stock, valued at approximately $5,392,812.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Christine A. Leahy bought 1,200 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were acquired at an average cost of $216.15 per share, for a total transaction of $259,380.00. Following the completion of the acquisition, the insider now owns 102,200 shares in the company, valued at $22,090,530. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sona Chawla sold 18,437 shares of the company's stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $240.45, for a total transaction of $4,433,176.65. Following the sale, the insider now directly owns 22,428 shares in the company, valued at $5,392,812.60. The disclosure for this sale can be found here. 0.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CDW shares. Northcoast Research upgraded shares of 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. Stifel Nicolaus boosted their price target on shares of CDW from $250.00 to $260.00 and gave the company a "buy" rating in a report on Wednesday, July 17th. Finally, Barclays dropped their price objective on CDW from $232.00 to $229.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, CDW currently has an average rating of "Moderate Buy" and a consensus price target of $254.63.

CDW Stock Up 1.1 %

NASDAQ CDW traded up $2.52 on Friday, reaching $225.64. The company had a trading volume of 1,437,076 shares, compared to its average volume of 1,024,090. The company's fifty day moving average is $222.76 and its 200-day moving average is $232.54. CDW Co. has a 1-year low of $185.04 and a 1-year high of $263.37. The firm has a market capitalization of $30.14 billion, a price-to-earnings ratio of 28.17, a price-to-earnings-growth ratio of 3.42 and a beta of 1.04. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.02 and a current ratio of 1.13.

CDW (NASDAQ:CDW - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The information technology services provider reported $2.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.39 by ($0.05). The firm had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.43 billion. CDW had a return on equity of 62.22% and a net margin of 5.29%. The firm's quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.43 earnings per share. On average, research analysts forecast that CDW Co. will post 9.4 earnings per share for the current fiscal year.

CDW Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 26th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Monday, August 26th. CDW's payout ratio is 30.96%.

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.