CDW Co. (NASDAQ:CDW) Stake Increased by Fiera Capital Corp

Fiera Capital Corp grew its position in shares of CDW Co. (NASDAQ:CDW - Free Report) by 60.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,208 shares of the information technology services provider's stock after purchasing an additional 7,619 shares during the quarter. Fiera Capital Corp's holdings in CDW were worth $4,523,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in CDW. Tsfg LLC purchased a new position in CDW during the 1st quarter worth $26,000. Rise Advisors LLC acquired a new stake in CDW during the 1st quarter worth approximately $34,000. ORG Partners LLC acquired a new position in shares of CDW in the second quarter valued at approximately $34,000. Summit Securities Group LLC purchased a new stake in shares of CDW during the second quarter worth approximately $40,000. Finally, Continuum Advisory LLC lifted its holdings in shares of CDW by 1,692.3% during the second 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. Institutional investors and hedge funds own 93.15% of the company's stock.

CDW Price Performance

Shares of CDW stock traded up $0.34 during trading hours on Thursday, hitting $214.82. The company's stock had a trading volume of 771,724 shares, compared to its average volume of 835,605. The company has a current ratio of 1.13, a quick ratio of 1.02 and a debt-to-equity ratio of 2.03. The business has a fifty day moving average of $222.33 and a 200-day moving average of $232.13. CDW Co. has a twelve month low of $185.04 and a twelve month high of $263.37. The stock has a market cap of $28.87 billion, a price-to-earnings ratio of 26.78, a P/E/G ratio of 3.42 and a beta of 1.04.

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

CDW Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 26th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Monday, August 26th. CDW's payout ratio is 30.96%.

Wall Street Analyst Weigh In

CDW has been the subject of a number of analyst reports. Stifel Nicolaus upped their price objective on shares of CDW from $250.00 to $260.00 and gave the stock a "buy" rating in a research report on Wednesday, July 17th. Northcoast Research raised CDW from a "neutral" rating to a "buy" rating and set a $270.00 price target for the company in a report on Friday, June 7th. 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 report on Thursday, August 1st. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $254.63.

Insider Transactions at CDW

In other news, insider Christine A. Leahy acquired 1,200 shares of CDW stock in a transaction that occurred on Thursday, August 1st. The shares were acquired at an average price of $216.15 per share, with a total value of $259,380.00. Following the completion of the purchase, the insider now owns 102,200 shares of the company's stock, valued at approximately $22,090,530. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Christine A. Leahy purchased 1,200 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was purchased at an average cost of $216.15 per share, for a total transaction of $259,380.00. Following the acquisition, the insider now owns 102,200 shares in the company, valued at $22,090,530. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sona Chawla sold 18,437 shares of the business'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 transaction, 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. Insiders own 0.90% of the company's stock.

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.