Thompson Siegel & Walmsley LLC Raises Stock Holdings in CDW Co. (NASDAQ:CDW)

Thompson Siegel & Walmsley LLC raised its holdings in shares of CDW Co. (NASDAQ:CDW - Free Report) by 17.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,712 shares of the information technology services provider's stock after purchasing an additional 3,456 shares during the period. Thompson Siegel & Walmsley LLC's holdings in CDW were worth $5,084,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CDW. Wellington Management Group LLP boosted its holdings in CDW by 29.1% in 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 last quarter. Vanguard Group Inc. boosted its stake in shares of CDW by 4.6% in 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 buying an additional 714,393 shares during the last quarter. Lazard Asset Management LLC grew its holdings in shares of 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 period. First Trust Advisors LP increased its position in CDW by 627.3% during 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 acquiring an additional 539,745 shares during the last quarter. Finally, Norges Bank purchased a new position in CDW in the fourth quarter worth about $111,736,000. Institutional investors own 93.15% of the company's stock.

Wall Street Analyst Weigh In

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 price objective on the stock in a research note on Friday, June 7th. Stifel Nicolaus lifted their price target on shares of CDW from $250.00 to $260.00 and gave the stock a "buy" rating in a research note on Wednesday, July 17th. Finally, Barclays reduced their price objective on CDW from $232.00 to $229.00 and set an "equal weight" rating for the company 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 stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $254.63.

CDW Price Performance

CDW stock traded up $1.30 during mid-day trading on Monday, hitting $221.45. The stock had a trading volume of 535,411 shares, compared to its average volume of 827,486. The firm's 50 day moving average is $221.79 and its 200 day moving average is $230.65. CDW Co. has a one year low of $185.04 and a one year high of $263.37. The firm has a market capitalization of $29.76 billion, a P/E ratio of 27.56, a P/E/G ratio of 3.27 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.

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 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 business had revenue of $5.42 billion during the quarter, compared to analysts' expectations of $5.43 billion. During the same period in the prior year, the firm posted $2.43 earnings per share. The firm's revenue for the quarter was down 3.6% on a year-over-year basis. On average, sell-side analysts forecast that CDW Co. will post 9.4 earnings per share for the current fiscal year.

CDW Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were paid a dividend of $0.62 per share. The ex-dividend date was Monday, August 26th. This represents a $2.48 annualized dividend and a yield of 1.12%. CDW's payout ratio is 30.96%.

Insider Buying and Selling at CDW

In other news, insider Christine A. Leahy purchased 1,200 shares of the business's stock in a transaction 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 acquisition, 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 can be accessed through the SEC website. In other 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christine A. Leahy purchased 1,200 shares of the firm's stock in a transaction that occurred on Thursday, August 1st. The shares were bought at an average price of $216.15 per share, for a total transaction of $259,380.00. Following 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. 0.90% of the stock is currently owned by insiders.

CDW Company 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.