Walter Public Investments Inc. Purchases New Holdings in CDW Co. (NASDAQ:CDW)

Walter Public Investments Inc. bought a new stake in shares of CDW Co. (NASDAQ:CDW - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,560 shares of the information technology services provider's stock, valued at approximately $579,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of CDW by 4.6% during the first quarter. Vanguard Group Inc. now owns 16,407,542 shares of the information technology services provider's stock valued at $4,196,721,000 after buying an additional 714,393 shares during the last quarter. Perpetual Ltd purchased a new stake in shares of CDW during the third quarter valued at approximately $158,300,000. Lazard Asset Management LLC grew its holdings in shares of CDW by 225.9% during the first quarter. Lazard Asset Management LLC now owns 881,586 shares of the information technology services provider's stock valued at $225,491,000 after buying an additional 611,054 shares during the last quarter. Ceredex Value Advisors LLC purchased a new stake in shares of CDW during the second quarter valued at approximately $79,549,000. Finally, Canada Pension Plan Investment Board grew its holdings in shares of CDW by 2,045.4% during the second quarter. Canada Pension Plan Investment Board now owns 294,302 shares of the information technology services provider's stock valued at $65,877,000 after buying an additional 280,584 shares during the last quarter. Institutional investors own 93.15% of the company's stock.

Analysts Set New Price Targets

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

Insider Activity

In other news, insider Christine A. Leahy bought 1,200 shares of the company's stock in a transaction that occurred on 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.90% of the company's stock.

CDW Stock Performance

Shares of CDW stock traded up $1.02 on Thursday, hitting $221.18. 1,176,488 shares of the company's stock were exchanged, compared to its average volume of 816,630. The company has a 50-day simple moving average of $221.37 and a 200-day simple moving average of $226.38. The stock has a market capitalization of $29.73 billion, a PE ratio of 27.61, a PEG 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. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.02 and a current ratio of 1.13.

CDW (NASDAQ:CDW - Get Free Report) last issued 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). The business had revenue of $5.42 billion for 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 company's revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.43 EPS. As a group, equities analysts anticipate that CDW Co. will post 9.4 EPS 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 paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 1.12%. The ex-dividend date was Monday, August 26th. CDW's dividend payout ratio is presently 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.