SG Americas Securities LLC Has $7.37 Million Position in CDW Co. (NASDAQ:CDW)

SG Americas Securities LLC reduced its holdings in CDW Co. (NASDAQ:CDW - Free Report) by 34.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,564 shares of the information technology services provider's stock after selling 16,995 shares during the quarter. SG Americas Securities LLC's holdings in CDW were worth $7,369,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Czech National Bank boosted its stake in shares of CDW by 6.2% in the 3rd quarter. Czech National Bank now owns 27,210 shares of the information technology services provider's stock worth $6,158,000 after buying an additional 1,600 shares during the last quarter. Abacus Planning Group Inc. grew its holdings in shares of CDW by 14.1% in the third quarter. Abacus Planning Group Inc. now owns 3,445 shares of the information technology services provider's stock valued at $780,000 after purchasing an additional 427 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of CDW by 825.0% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 12,423 shares of the information technology services provider's stock worth $2,781,000 after buying an additional 11,080 shares during the last quarter. SS&H Financial Advisors Inc. purchased a new position in shares of CDW in the 2nd quarter worth approximately $314,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of CDW in the 2nd quarter worth about $1,285,000. 93.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Barclays lowered their price objective on shares of CDW from $232.00 to $229.00 and set an "equal weight" rating for the company in a research report on Thursday, August 1st. Citigroup cut shares of CDW from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $250.00 to $245.00 in a research note on Tuesday, October 1st. Finally, Stifel Nicolaus lifted their price target on CDW from $250.00 to $260.00 and gave the company a "buy" rating in a research report on Wednesday, July 17th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $255.00.

Insiders Place Their Bets

In related 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 owns 22,428 shares of the company's stock, valued at $5,392,812.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Christine A. Leahy purchased 1,200 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was acquired at an average price 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. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sona Chawla sold 18,437 shares of the 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 transaction, the insider now directly owns 22,428 shares in the company, valued at approximately $5,392,812.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is owned by corporate insiders.

CDW Stock Performance

NASDAQ CDW traded up $3.43 on Friday, hitting $221.69. 499,908 shares of the company's stock were exchanged, compared to its average volume of 817,798. The firm's 50-day moving average price is $220.24 and its two-hundred day moving average price is $228.09. CDW Co. has a fifty-two week low of $185.04 and a fifty-two week high of $263.37. The firm has a market cap of $29.79 billion, a price-to-earnings ratio of 27.68, a P/E/G ratio of 3.40 and a beta of 1.03. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.13 and a quick ratio of 1.02.

CDW (NASDAQ:CDW - Get Free Report) last announced its quarterly earnings data 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). The business had revenue of $5.42 billion during 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%. CDW's revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.43 EPS. On average, research analysts expect that CDW Co. will post 9.4 EPS for the current year.

CDW Announces Dividend

The company also recently announced 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 was Monday, August 26th. This represents a $2.48 annualized dividend and a dividend yield of 1.12%. CDW's payout ratio is 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.