Rep. Robert Bresnahan, Jr. Unloads CDW Co. (NASDAQ:CDW) Shares

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of CDW Co. NASDAQ: CDW. In a filing disclosed on February 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in CDW stock on January 13th. The trade occurred in the Representative's "JOINT OWNERSHIP LPL ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Lowe's Companies NYSE: LOW on 2/7/2025.
• Purchased $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Take-Two Interactive Software NASDAQ: TTWO on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Alibaba Group NYSE: BABA on 1/30/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 1/30/2025.
• Sold $1,001 - $15,000 in shares of Robinhood Markets NASDAQ: HOOD on 1/29/2025.
• Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 1/29/2025.
• Sold $1,001 - $15,000 in shares of Manhattan Associates NASDAQ: MANH on 1/29/2025.
• Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 1/29/2025.

CDW Stock Performance

NASDAQ:CDW traded up $1.24 during mid-day trading on Tuesday, reaching $190.63. 147,360 shares of the company's stock were exchanged, compared to its average volume of 1,381,761. CDW Co. has a one year low of $168.43 and a one year high of $263.37. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.28 and a current ratio of 1.35. The business's fifty day simple moving average is $185.05 and its two-hundred day simple moving average is $200.45. The firm has a market capitalization of $25.40 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 5.40 and a beta of 1.01.

CDW (NASDAQ:CDW - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The information technology services provider reported $2.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.33 by $0.07. CDW had a return on equity of 55.42% and a net margin of 5.13%. Analysts anticipate that CDW Co. will post 9.35 earnings per share for the current fiscal year.

CDW announced that its Board of Directors has initiated a share buyback plan on Wednesday, February 5th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the information technology services provider to reacquire up to 2.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its stock is undervalued.

CDW Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th will be given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 1.31%. The ex-dividend date is Tuesday, February 25th. CDW's payout ratio is 31.37%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Orion Capital Management LLC bought a new stake in CDW in the 4th quarter valued at about $30,000. PharVision Advisers LLC bought a new position in CDW in the 4th quarter worth approximately $202,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in CDW by 15.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 936,587 shares of the information technology services provider's stock valued at $163,004,000 after acquiring an additional 123,107 shares during the period. Voloridge Investment Management LLC purchased a new stake in shares of CDW during the fourth quarter worth $105,705,000. Finally, Waverly Advisors LLC bought a new position in shares of CDW in the fourth quarter worth $374,000. Hedge funds and other institutional investors own 93.15% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on CDW shares. Redburn Atlantic initiated coverage on CDW in a research report on Friday, November 15th. They set a "buy" rating and a $230.00 price objective for the company. Barclays lifted their price target on shares of CDW from $201.00 to $223.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. UBS Group lowered their price target on shares of CDW from $233.00 to $220.00 and set a "buy" rating for the company in a report on Tuesday, January 7th. Morgan Stanley boosted their price target on shares of CDW from $193.00 to $201.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. lowered shares of CDW from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $260.00 to $235.00 in a research note on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $242.67.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.