Achmea Investment Management B.V. Has $13.91 Million Stock Holdings in CDW Co. (NASDAQ:CDW)

Achmea Investment Management B.V. boosted its holdings in shares of CDW Co. (NASDAQ:CDW - Free Report) by 5.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 62,139 shares of the information technology services provider's stock after purchasing an additional 3,104 shares during the period. Achmea Investment Management B.V.'s holdings in CDW were worth $13,909,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of CDW. Wellington Management Group LLP increased its stake in shares of CDW by 29.1% in the 4th quarter. Wellington Management Group LLP now owns 3,464,886 shares of the information technology services provider's stock worth $787,638,000 after acquiring an additional 781,421 shares during the last quarter. Vanguard Group Inc. increased its holdings in CDW by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 16,407,542 shares of the information technology services provider's stock worth $4,196,721,000 after purchasing an additional 714,393 shares during the period. Lazard Asset Management LLC lifted its stake in CDW by 225.9% in the first quarter. Lazard Asset Management LLC now owns 881,586 shares of the information technology services provider's stock worth $225,491,000 after acquiring an additional 611,054 shares during the last quarter. First Trust Advisors LP increased its holdings in CDW by 627.3% in the fourth quarter. First Trust Advisors LP now owns 625,781 shares of the information technology services provider's stock valued at $142,252,000 after buying an additional 539,745 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of CDW during the 4th quarter worth about $111,736,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on CDW. Northcoast Research upgraded shares of CDW from a "neutral" rating to a "buy" rating and set a $270.00 target price for the company in a research note on Friday, June 7th. Stifel Nicolaus boosted their price objective on shares of CDW from $250.00 to $260.00 and gave the stock a "buy" rating in a report on Wednesday, July 17th. Finally, Barclays dropped their price target on CDW from $232.00 to $229.00 and set an "equal weight" rating for the company in a research report on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $254.63.

Insiders Place Their Bets

In related news, insider Sona Chawla sold 18,437 shares of the firm'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 value of $4,433,176.65. Following the sale, the insider now owns 22,428 shares of the company's stock, valued at approximately $5,392,812.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Christine A. Leahy bought 1,200 shares of the business's stock in a transaction on Thursday, August 1st. The shares were bought at an average cost of $216.15 per share, with a total value of $259,380.00. Following the purchase, the insider now directly owns 102,200 shares in the company, valued at $22,090,530. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Sona Chawla sold 18,437 shares of the 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 completion of the sale, the insider now directly owns 22,428 shares of the company's stock, valued at $5,392,812.60. The disclosure for this sale can be found here. 0.90% of the stock is owned by company insiders.

CDW Stock Up 1.3 %

CDW stock traded up $2.82 during trading on Thursday, reaching $218.62. 331,019 shares of the company's stock were exchanged, compared to its average volume of 829,795. The company's 50-day moving average is $221.74 and its two-hundred day moving average is $231.21. 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 Co. has a 52-week low of $185.04 and a 52-week high of $263.37. The firm has a market cap of $29.38 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 3.22 and a beta of 1.04.

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 analysts' expectations of $5.43 billion. CDW had a net margin of 5.29% and a return on equity of 62.22%. The company's revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.43 EPS. On average, analysts predict that CDW Co. will post 9.4 earnings per share for the current year.

CDW Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Monday, August 26th. CDW's dividend payout ratio is currently 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.