Natixis Advisors LLC Increases Holdings in CDW Co. (NASDAQ:CDW)

Natixis Advisors LLC lifted its holdings in shares of CDW Co. (NASDAQ:CDW - Free Report) by 39.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 260,484 shares of the information technology services provider's stock after buying an additional 73,397 shares during the period. Natixis Advisors LLC owned approximately 0.19% of CDW worth $58,307,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Tsfg LLC purchased a new position in CDW during the 1st quarter worth $26,000. Rise Advisors LLC purchased a new position in CDW during the first quarter worth about $34,000. ORG Partners LLC acquired a new stake in CDW in the second quarter valued at about $34,000. Summit Securities Group LLC purchased a new stake in CDW in the 2nd quarter valued at approximately $40,000. Finally, Continuum Advisory LLC increased its position in CDW by 1,692.3% during the 2nd quarter. Continuum Advisory LLC now owns 233 shares of the information technology services provider's stock worth $52,000 after purchasing an additional 220 shares during the period. Hedge funds and other institutional investors own 93.15% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CDW. Barclays lowered their price target on shares of CDW from $232.00 to $229.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 1st. Northcoast Research upgraded shares of CDW from a "neutral" rating to a "buy" rating and set a $270.00 target price 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 stock a "buy" rating in a research note on Wednesday, July 17th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, CDW presently has a consensus rating of "Moderate Buy" and an average target price of $254.63.

Insider Activity at CDW

In other CDW news, insider Sona Chawla sold 18,437 shares of CDW stock in a transaction that occurred 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 approximately $5,392,812.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other CDW news, insider Sona Chawla sold 18,437 shares of the company's stock in a transaction that occurred 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 owns 22,428 shares in the company, valued at $5,392,812.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Christine A. Leahy purchased 1,200 shares of the stock in a transaction dated Thursday, August 1st. The stock was purchased at an average price of $216.15 per share, with a total value of $259,380.00. Following the completion of the acquisition, the insider now directly owns 102,200 shares in the company, valued at approximately $22,090,530. The disclosure for this purchase can be found here. Company insiders own 0.90% of the company's stock.

CDW Trading Up 1.1 %

CDW stock traded up $2.52 on Monday, hitting $225.64. 1,437,000 shares of the company were exchanged, compared to its average volume of 836,879. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.13 and a quick ratio of 1.02. The stock has a market capitalization of $30.33 billion, a price-to-earnings ratio of 28.17, a price-to-earnings-growth ratio of 3.42 and a beta of 1.04. CDW Co. has a twelve month low of $185.04 and a twelve month high of $263.37. The business's fifty day moving average is $222.64 and its two-hundred day moving average is $232.42.

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

CDW Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Monday, August 26th. This represents a $2.48 annualized dividend and a dividend yield of 1.10%. CDW's dividend payout ratio (DPR) is presently 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.