Mondrian Investment Partners LTD Cuts Stock Position in CDW Co. (NASDAQ:CDW)

Mondrian Investment Partners LTD lessened its position in CDW Co. (NASDAQ:CDW - Free Report) by 3.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 508,529 shares of the information technology services provider's stock after selling 16,112 shares during the quarter. Mondrian Investment Partners LTD owned 0.38% of CDW worth $110,915,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CDW. Norges Bank bought a new stake in shares of CDW in the 4th quarter worth about $111,736,000. UBS Group AG increased its stake in CDW by 60.7% in the 4th quarter. UBS Group AG now owns 194,686 shares of the information technology services provider's stock worth $44,256,000 after buying an additional 73,503 shares during the period. Balentine LLC increased its stake in CDW by 21.3% in the 4th quarter. Balentine LLC now owns 1,558 shares of the information technology services provider's stock worth $354,000 after buying an additional 274 shares during the period. D.A. Davidson & CO. purchased a new position in CDW in the 4th quarter worth about $348,000. Finally, Corient Private Wealth LLC increased its stake in CDW by 22.1% in the 4th quarter. Corient Private Wealth LLC now owns 102,621 shares of the information technology services provider's stock worth $23,328,000 after buying an additional 18,577 shares during the period. Institutional investors own 93.15% of the company's stock.

CDW Stock Down 0.8 %

Shares of CDW stock traded down $1.70 on Wednesday, reaching $221.62. The stock had a trading volume of 528,075 shares, compared to its average volume of 824,316. The company has a 50 day moving average price of $222.05 and a 200 day moving average price of $230.30. The company has a quick ratio of 1.02, a current ratio of 1.13 and a debt-to-equity ratio of 2.03. CDW Co. has a 1 year low of $185.04 and a 1 year high of $263.37. The stock has a market capitalization of $29.79 billion, a P/E ratio of 27.88, a P/E/G ratio of 3.27 and a beta of 1.04.

CDW (NASDAQ:CDW - Get Free Report) last issued 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 during the quarter, compared to analysts' expectations of $5.43 billion. CDW had a return on equity of 62.22% and a net margin of 5.29%. The firm's quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.43 EPS. As a group, equities research analysts forecast that CDW Co. will post 9.4 EPS for the current 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 $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date was Monday, August 26th. CDW's dividend payout ratio (DPR) is presently 30.96%.

Wall Street Analyst Weigh In

CDW has been the topic of several recent analyst reports. Northcoast Research raised shares of CDW from a "neutral" rating to a "buy" rating and set a $270.00 price target on the stock in a research note on Friday, June 7th. Stifel Nicolaus raised 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 cut their target price 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 equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $254.63.

Insider Buying and Selling

In related news, insider Christine A. Leahy bought 1,200 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was bought at an average cost of $216.15 per share, for a total transaction of $259,380.00. Following the purchase, the insider now directly owns 102,200 shares of the company's stock, valued at $22,090,530. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other CDW news, insider Sona Chawla sold 18,437 shares of CDW stock in a transaction that occurred on 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 sale, the insider now directly owns 22,428 shares in the company, valued at approximately $5,392,812.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Christine A. Leahy acquired 1,200 shares of the firm's stock in a transaction 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 in the company, valued at approximately $22,090,530. The disclosure for this purchase can be found here. 0.90% of the stock is owned by company insiders.

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.