CDW Corporation $CDW Shares Acquired by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S grew its holdings in CDW Corporation (NASDAQ:CDW) by 35.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,926 shares of the information technology services provider’s stock after acquiring an additional 17,541 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in CDW were worth $9,115,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. New Mexico Educational Retirement Board grew its stake in shares of CDW by 1.7% in the fourth quarter. New Mexico Educational Retirement Board now owns 6,050 shares of the information technology services provider’s stock worth $824,000 after acquiring an additional 100 shares in the last quarter. Empowered Funds LLC lifted its position in shares of CDW by 1.2% during the 1st quarter. Empowered Funds LLC now owns 18,076 shares of the information technology services provider’s stock worth $2,897,000 after purchasing an additional 216 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of CDW by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 41,100 shares of the information technology services provider’s stock worth $6,546,000 after purchasing an additional 255 shares during the last quarter. Covestor Ltd lifted its position in shares of CDW by 53.4% during the 4th quarter. Covestor Ltd now owns 741 shares of the information technology services provider’s stock worth $101,000 after purchasing an additional 258 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of CDW by 30.4% during the 4th quarter. Farther Finance Advisors LLC now owns 1,188 shares of the information technology services provider’s stock worth $162,000 after purchasing an additional 277 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Insider Buying and Selling

In other CDW news, Director David W. Nelms acquired 18,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were bought at an average cost of $111.43 per share, for a total transaction of $2,005,740.00. Following the completion of the purchase, the director owned 51,025 shares in the company, valued at $5,685,715.75. This trade represents a 54.50% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.82% of the company’s stock.

CDW Price Performance

Shares of CDW opened at $133.04 on Friday. CDW Corporation has a 1-year low of $97.12 and a 1-year high of $183.91. The stock has a market cap of $17.00 billion, a PE ratio of 16.18, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.16 and a quick ratio of 1.06. The firm has a fifty day moving average price of $122.51 and a 200 day moving average price of $129.01.

CDW (NASDAQ:CDW) last posted its quarterly earnings data on Wednesday, May 6th. The information technology services provider reported $2.28 EPS for the quarter, meeting analysts’ consensus estimates of $2.28. The company had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.48 billion. CDW had a net margin of 4.70% and a return on equity of 49.67%. CDW’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.15 earnings per share. As a group, sell-side analysts anticipate that CDW Corporation will post 10.09 EPS for the current year.

CDW Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Monday, May 25th will be paid a $0.63 dividend. The ex-dividend date is Friday, May 22nd. This represents a $2.52 dividend on an annualized basis and a yield of 1.9%. CDW’s payout ratio is currently 30.66%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CDW. Weiss Ratings cut shares of CDW from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, May 26th. Royal Bank Of Canada raised shares of CDW to an “outperform” rating and set a $130.00 price objective for the company in a research report on Wednesday, May 27th. Citigroup reduced their price target on shares of CDW from $150.00 to $123.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. JPMorgan Chase & Co. raised shares of CDW from a “neutral” rating to an “overweight” rating and set a $130.00 price target for the company in a research report on Wednesday, May 27th. Finally, UBS Group reduced their price target on shares of CDW from $162.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $140.63.

CDW Profile

CDW (NASDAQ: CDW) is a leading provider of information technology products and integrated solutions for business, government, education and healthcare customers. The company sources and resells hardware and software from major technology vendors and packages those products with professional services, managed services and lifecycle support. Its offerings span IT infrastructure, cloud and data center solutions, cybersecurity, networking, unified communications, endpoint devices, and software licensing and procurement services designed to simplify IT operations for customers.

CDW combines a broad product portfolio with consultative sales, implementation and technical support capabilities.