CDW Co. (NASDAQ:CDW) Shares Acquired by Forsta AP Fonden

Forsta AP Fonden lifted its holdings in CDW Co. (NASDAQ:CDW - Free Report) by 6.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,800 shares of the information technology services provider's stock after purchasing an additional 2,700 shares during the quarter. Forsta AP Fonden's holdings in CDW were worth $10,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of CDW. RDA Financial Network raised its stake in shares of CDW by 3.0% in the second quarter. RDA Financial Network now owns 1,587 shares of the information technology services provider's stock worth $355,000 after buying an additional 46 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its stake in CDW by 1.4% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,446 shares of the information technology services provider's stock valued at $881,000 after purchasing an additional 47 shares during the period. Oregon Public Employees Retirement Fund raised its stake in CDW by 0.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 11,541 shares of the information technology services provider's stock valued at $2,583,000 after purchasing an additional 54 shares during the period. Smithfield Trust Co raised its stake in CDW by 4.1% during the 1st quarter. Smithfield Trust Co now owns 1,434 shares of the information technology services provider's stock valued at $367,000 after purchasing an additional 57 shares during the period. Finally, Profund Advisors LLC raised its stake in CDW by 0.5% during the 2nd quarter. Profund Advisors LLC now owns 12,469 shares of the information technology services provider's stock valued at $2,791,000 after purchasing an additional 58 shares during the period. Hedge funds and other institutional investors own 93.15% of the company's stock.

CDW Trading Up 0.7 %

Shares of CDW stock traded up $1.49 on Monday, reaching $218.50. 1,216,673 shares of the company's stock were exchanged, compared to its average volume of 816,723. CDW Co. has a 52 week low of $185.04 and a 52 week high of $263.37. 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 capitalization of $29.37 billion, a PE ratio of 27.28, a P/E/G ratio of 3.42 and a beta of 1.03. The company's fifty day simple moving average is $221.49 and its 200 day simple moving average is $224.33.

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

CDW Announces Dividend

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

Analyst Upgrades and Downgrades

CDW has been the topic of several recent analyst reports. Citigroup downgraded CDW from a "buy" rating to a "neutral" rating and decreased their target price for the company from $250.00 to $245.00 in a research note on Tuesday, October 1st. Barclays cut their price target on CDW from $232.00 to $229.00 and set an "equal weight" rating for the company in a report on Thursday, August 1st. Stifel Nicolaus raised their price target on CDW from $250.00 to $260.00 and gave the company a "buy" rating in a report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. cut CDW from an "overweight" rating to a "neutral" rating and cut their price target for the company from $260.00 to $235.00 in a report on Monday. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $250.71.

Insider Transactions at CDW

In related news, insider Christine A. Leahy purchased 1,200 shares of CDW stock in a transaction dated Thursday, August 1st. The stock was purchased at an average cost of $216.15 per share, with a total value of $259,380.00. Following the transaction, the insider now owns 102,200 shares in the company, valued at approximately $22,090,530. The trade was 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 this hyperlink. Corporate insiders own 0.90% of the company's stock.

CDW 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.