Cetera Investment Advisers Purchases 3,228 Shares of CDW Co. (NASDAQ:CDW)

Cetera Investment Advisers lifted its stake in shares of CDW Co. (NASDAQ:CDW - Free Report) by 33.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,893 shares of the information technology services provider's stock after acquiring an additional 3,228 shares during the period. Cetera Investment Advisers' holdings in CDW were worth $2,886,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CDW. Acadian Asset Management LLC lifted its stake in CDW by 211.5% in the 1st quarter. Acadian Asset Management LLC now owns 44,205 shares of the information technology services provider's stock valued at $11,302,000 after acquiring an additional 30,012 shares in the last quarter. Insight Wealth Strategies LLC acquired a new position in CDW during the first quarter worth $3,940,000. Wealthcare Advisory Partners LLC bought a new position in CDW in the first quarter valued at $1,403,000. Mediolanum International Funds Ltd acquired a new stake in CDW in the 1st quarter valued at $2,461,000. Finally, Meeder Asset Management Inc. lifted its position in CDW by 33,447.6% during the 1st quarter. Meeder Asset Management Inc. now owns 7,045 shares of the information technology services provider's stock worth $1,802,000 after buying an additional 7,024 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CDW has been the subject of several recent analyst reports. Citigroup downgraded CDW from a "buy" rating to a "neutral" rating and cut their price objective for the company from $250.00 to $245.00 in a report on Tuesday, October 1st. Barclays cut their price target on shares of CDW from $232.00 to $229.00 and set an "equal weight" rating for the company in a research note on Thursday, August 1st. Finally, 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 research note on Wednesday, July 17th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, CDW currently has an average rating of "Moderate Buy" and a consensus price target of $255.00.

Insiders Place Their Bets

In related news, insider Christine A. Leahy bought 1,200 shares of the business's stock in a transaction dated Thursday, August 1st. The stock was purchased at an average cost of $216.15 per share, for a total transaction of $259,380.00. Following the transaction, the insider now owns 102,200 shares in the company, valued at $22,090,530. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other CDW news, insider Christine A. Leahy purchased 1,200 shares of the stock in a transaction dated Thursday, August 1st. The stock was bought at an average price of $216.15 per share, with a total value of $259,380.00. Following the acquisition, the insider now owns 102,200 shares of the company's stock, valued at approximately $22,090,530. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Sona Chawla sold 18,437 shares of the company's stock in a transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.90% of the company's stock.

CDW Stock Performance

Shares of NASDAQ:CDW traded up $0.31 on Friday, hitting $222.00. The company had a trading volume of 930,885 shares, compared to its average volume of 814,457. The stock has a 50 day moving average price of $220.40 and a 200 day moving average price of $227.16. The company has a current ratio of 1.13, a quick ratio of 1.02 and a debt-to-equity ratio of 2.03. The stock has a market cap of $29.84 billion, a price-to-earnings ratio of 27.72, a P/E/G ratio of 3.42 and a beta of 1.03. CDW Co. has a 1-year low of $185.04 and a 1-year high of $263.37.

CDW (NASDAQ:CDW - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The information technology services provider reported $2.34 earnings per share for the quarter, missing the consensus estimate of $2.39 by ($0.05). CDW had a net margin of 5.29% and a return on equity of 62.22%. The company had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.43 billion. During the same period in the prior year, the company earned $2.43 earnings per share. The firm's revenue was down 3.6% compared to the same quarter last year. Analysts expect that CDW Co. will post 9.4 EPS for the current year.

CDW Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders 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 1.12%. The ex-dividend date was Monday, August 26th. CDW's dividend payout ratio is 30.96%.

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.