SVB Wealth LLC Has $11.59 Million Stake in CDW Co. (NASDAQ:CDW)

SVB Wealth LLC decreased its stake in shares of CDW Co. (NASDAQ:CDW - Free Report) by 4.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,776 shares of the information technology services provider's stock after selling 2,614 shares during the period. SVB Wealth LLC's holdings in CDW were worth $11,589,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Tsfg LLC acquired a new stake in shares of CDW during the first quarter worth $26,000. Rise Advisors LLC acquired a new stake in CDW during the first quarter worth about $34,000. ORG Partners LLC bought a new position in CDW in the second quarter worth about $34,000. Summit Securities Group LLC acquired a new position in CDW in the second quarter valued at approximately $40,000. Finally, Continuum Advisory LLC grew 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 valued at $52,000 after purchasing an additional 220 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Northcoast Research upgraded CDW from a "neutral" rating to a "buy" rating and set a $270.00 price objective for the company 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 shares of CDW from $232.00 to $229.00 and set an "equal weight" rating on the stock in a report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $254.63.

CDW Price Performance

CDW stock traded down $2.61 during trading on Friday, hitting $212.21. The company had a trading volume of 709,034 shares, compared to its average volume of 834,884. The firm has a market capitalization of $28.52 billion, a price-to-earnings ratio of 26.49, a P/E/G ratio of 3.42 and a beta of 1.04. 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 50 day moving average of $221.91 and a 200 day moving average of $231.74. CDW Co. has a fifty-two week low of $185.04 and a fifty-two week high of $263.37.

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 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 company had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.43 billion. During the same quarter last year, the business earned $2.43 earnings per share. The company's revenue was down 3.6% on a year-over-year basis. As a group, research analysts predict that CDW Co. will post 9.4 earnings per share for the current year.

CDW Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Monday, August 26th. CDW's dividend payout ratio (DPR) is presently 30.96%.

Insider Transactions at CDW

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