Copeland Capital Management LLC lessened its stake in CDW Co. (NASDAQ:CDW – Free Report) by 3.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,192 shares of the information technology services provider’s stock after selling 2,680 shares during the period. Copeland Capital Management LLC’s holdings in CDW were worth $14,979,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of CDW by 4.6% in the 1st 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 purchasing an additional 714,393 shares in the last quarter. Mawer Investment Management Ltd. boosted its stake in shares of CDW by 0.9% in the 1st quarter. Mawer Investment Management Ltd. now owns 3,101,924 shares of the information technology services provider’s stock valued at $793,410,000 after purchasing an additional 27,753 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of CDW by 3.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,431,573 shares of the information technology services provider’s stock valued at $366,168,000 after purchasing an additional 51,450 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of CDW by 11.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,292,674 shares of the information technology services provider’s stock valued at $289,357,000 after purchasing an additional 128,263 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its stake in shares of CDW by 225.9% in the 1st quarter. Lazard Asset Management LLC now owns 881,586 shares of the information technology services provider’s stock valued at $225,491,000 after purchasing an additional 611,054 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.
Insider Transactions at CDW
In other CDW news, insider Christine A. Leahy bought 1,200 shares of CDW stock in a transaction dated Thursday, August 1st. The shares were purchased at an average cost of $216.15 per share, with a total value of $259,380.00. Following the transaction, the insider now directly owns 102,200 shares of the company’s stock, valued at $22,090,530. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.90% of the company’s stock.
Analysts Set New Price Targets
Get Our Latest Stock Report on CDW
CDW Stock Down 1.5 %
Shares of NASDAQ CDW opened at $217.08 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 1.02 and a debt-to-equity ratio of 2.03. CDW Co. has a 12 month low of $185.04 and a 12 month high of $263.37. The firm has a market capitalization of $29.18 billion, a PE ratio of 27.10, a price-to-earnings-growth ratio of 3.42 and a beta of 1.03. The firm has a fifty day simple moving average of $221.65 and a two-hundred day simple moving average of $225.26.
CDW (NASDAQ:CDW – Get Free Report) last issued 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). The company had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.43 billion. CDW had a return on equity of 62.22% and a net margin of 5.29%. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.43 earnings per share. Equities analysts expect that CDW Co. will post 9.4 earnings per share for the current year.
CDW Announces Dividend
The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend was Monday, August 26th. CDW’s dividend payout ratio is presently 30.96%.
About CDW
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.
Featured Stories
- Five stocks we like better than CDW
- Stock Sentiment Analysis: How it Works
- How Verizon Could Offer Stress-Free Double-Digit Returns in 2025
- Most Volatile Stocks, What Investors Need to Know
- Can Roche Challenge Lilly and Novo in the Weight Loss Market?
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Roblox Stock: Key Metrics Surge, Is This the Perfect Entry?
Want to see what other hedge funds are holding CDW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CDW Co. (NASDAQ:CDW – Free Report).
Receive News & Ratings for CDW Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CDW and related companies with MarketBeat.com's FREE daily email newsletter.