International Assets Investment Management LLC Takes Position in CDW Co. (NASDAQ:CDW)

International Assets Investment Management LLC acquired a new stake in shares of CDW Co. (NASDAQ:CDW - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 76,907 shares of the information technology services provider's stock, valued at approximately $174,040,000. International Assets Investment Management LLC owned about 0.06% of CDW as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. ORG Partners LLC bought a new stake in shares of CDW during the second quarter valued at about $34,000. Quest Partners LLC bought a new position in shares of CDW in the second quarter worth approximately $35,000. Summit Securities Group LLC bought a new position in shares of CDW in the second quarter worth approximately $40,000. Continuum Advisory LLC increased its position in shares of CDW by 1,692.3% in the second quarter. Continuum Advisory LLC now owns 233 shares of the information technology services provider's stock worth $52,000 after purchasing an additional 220 shares during the last quarter. Finally, Kimelman & Baird LLC bought a new position in shares of CDW in the second quarter worth approximately $56,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Christine A. Leahy bought 1,200 shares of the company's stock in a transaction on Thursday, August 1st. The shares were acquired at an average cost of $216.15 per share, with a total value of $259,380.00. Following the completion of the transaction, the insider now owns 102,200 shares of the company's stock, valued at approximately $22,090,530. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.90% of the company's stock.

CDW Stock Down 1.0 %

Shares of NASDAQ:CDW traded down $2.15 on Friday, hitting $217.01. 981,373 shares of the company traded hands, compared to its average volume of 814,791. CDW Co. has a 52 week low of $185.04 and a 52 week high of $263.37. The company has a quick ratio of 1.02, a current ratio of 1.13 and a debt-to-equity ratio of 2.03. The stock has a 50 day simple moving average of $221.50 and a 200-day simple moving average of $224.70. The company has a market cap of $29.17 billion, a PE ratio of 27.09, a PEG ratio of 3.42 and a beta of 1.03.

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

CDW Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were issued a $0.62 dividend. The ex-dividend date was Monday, August 26th. This represents a $2.48 annualized dividend and a yield of 1.14%. CDW's payout ratio is 30.96%.

Analysts Set New Price Targets

Several research firms recently weighed in on CDW. Barclays decreased their price objective 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. Citigroup lowered CDW from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $250.00 to $245.00 in a research note on Tuesday, October 1st. Finally, Stifel Nicolaus increased their price objective on CDW from $250.00 to $260.00 and gave the company a "buy" rating in a research note on Wednesday, July 17th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $255.00.

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.