14,388 Shares in CDW Co. (NASDAQ:CDW) Purchased by Quantbot Technologies LP

Quantbot Technologies LP acquired a new position in shares of CDW Co. (NASDAQ:CDW - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,388 shares of the information technology services provider's stock, valued at approximately $3,221,000.

Other large investors also recently added to or reduced their stakes in the company. Tsfg LLC purchased a new stake in shares of CDW during the first quarter worth $26,000. Rise Advisors LLC purchased a new stake in shares of CDW during the first quarter worth $34,000. Quest Partners LLC purchased a new stake in shares of CDW during the second quarter worth $35,000. ORG Partners LLC purchased a new stake in shares of CDW during the second quarter worth $34,000. Finally, Summit Securities Group LLC purchased a new stake in shares of CDW during the second quarter worth $40,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CDW. Northcoast Research raised 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 increased their price target 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. Finally, Barclays reduced 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 report 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, CDW has a consensus rating of "Moderate Buy" and an average target price of $254.63.

Insider Transactions at CDW

In other CDW news, insider Christine A. Leahy purchased 1,200 shares of the firm's stock in a transaction on Thursday, August 1st. The shares were purchased at an average cost of $216.15 per share, with a total value of $259,380.00. Following the purchase, 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 accessible through this link. In other 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 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 approximately $5,392,812.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Christine A. Leahy acquired 1,200 shares of the company's stock in a transaction dated 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 owns 102,200 shares in the company, valued at $22,090,530. The disclosure for this purchase can be found here. Insiders own 0.90% of the company's stock.

CDW Stock Performance

Shares of CDW traded up $1.87 during mid-day trading on Tuesday, reaching $223.32. 556,323 shares of the company's stock were exchanged, compared to its average volume of 825,971. 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 $30.01 billion, a PE ratio of 27.70, a price-to-earnings-growth ratio of 3.27 and a beta of 1.04. The business's fifty day simple moving average is $221.88 and its 200-day simple moving average is $230.47. CDW Co. has a 52-week low of $185.04 and a 52-week high of $263.37.

CDW (NASDAQ:CDW - Get Free Report) last released its 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 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 analyst estimates of $5.43 billion. During the same period last year, the business posted $2.43 EPS. CDW's revenue was down 3.6% compared to the same quarter last year. On average, equities research analysts expect 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. Stockholders of record on Monday, August 26th were given a $0.62 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $2.48 annualized dividend and a dividend yield of 1.11%. CDW's dividend payout ratio is presently 30.96%.

About CDW

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.