Knollwood Investment Advisory LLC Sells 4,168 Shares of CDW Corporation $CDW

Knollwood Investment Advisory LLC decreased its stake in shares of CDW Corporation (NASDAQ:CDW) by 24.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 13,208 shares of the information technology services provider’s stock after selling 4,168 shares during the period. Knollwood Investment Advisory LLC’s holdings in CDW were worth $1,858,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Allied Private Wealth LLC bought a new position in CDW during the second quarter worth $28,000. Keating Financial Advisory Services Inc. bought a new stake in CDW in the second quarter valued at $28,000. Hollencrest Capital Management raised its holdings in shares of CDW by 909.1% during the first quarter. Hollencrest Capital Management now owns 222 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 200 shares during the period. Root Financial Partners LLC raised its holdings in shares of CDW by 54.7% during the first quarter. Root Financial Partners LLC now owns 263 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 93 shares during the period. Finally, Continuum Advisory LLC bought a new position in shares of CDW during the 2nd quarter worth about $43,000. Institutional investors own 93.15% of the company’s stock.

Analyst Ratings Changes

CDW has been the subject of several recent research reports. Morgan Stanley boosted their price objective on CDW from $170.00 to $171.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Royal Bank Of Canada raised shares of CDW to an “outperform” rating and set a $130.00 price target on the stock in a research report on Wednesday, May 27th. Weiss Ratings raised shares of CDW from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 25th. JPMorgan Chase & Co. upgraded CDW from a “neutral” rating to an “overweight” rating and set a $130.00 target price on the stock in a research note 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 investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, CDW currently has an average rating of “Moderate Buy” and an average price target of $147.00.

CDW Stock Performance

NASDAQ:CDW opened at $153.92 on Friday. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.17 and a quick ratio of 1.05. The business has a fifty day simple moving average of $139.58 and a two-hundred day simple moving average of $129.07. CDW Corporation has a 1 year low of $97.12 and a 1 year high of $171.55. The company has a market capitalization of $19.24 billion, a P/E ratio of 18.50, a P/E/G ratio of 1.95 and a beta of 0.95.

CDW (NASDAQ:CDW) last issued its earnings results on Wednesday, August 5th. The information technology services provider reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.11. CDW had a return on equity of 50.61% and a net margin of 4.60%.The firm had revenue of $6.57 billion for the quarter, compared to analyst estimates of $6.21 billion. During the same period in the previous year, the company posted $2.60 earnings per share. The business’s revenue was up 10.0% on a year-over-year basis. On average, analysts expect that CDW Corporation will post 10.33 earnings per share for the current year.

CDW Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Tuesday, August 25th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Tuesday, August 25th. CDW’s payout ratio is currently 30.29%.

Trending Headlines about CDW

Here are the key news stories impacting CDW this week:

• Positive Sentiment: AI and data-services expansion: Lovelytics specializes in helping organizations turn data into business value, adding consulting and implementation expertise to CDW’s technology-solutions portfolio. The acquisition supports CDW’s strategy of expanding beyond hardware and traditional IT distribution into faster-growing AI services. CDW Agrees to Acquire Lovelytics
• Positive Sentiment: Potential cross-selling opportunity: CDW can combine Lovelytics’ data and AI capabilities with its broad customer relationships and technology ecosystem, potentially increasing the value of its services engagements with businesses and public-sector clients. CDW To Acquire Lovelytics For Approximately $525 Million to Expand Data and AI Services
• Positive Sentiment: Analyst sentiment remains supportive: CDW received a consensus “Moderate Buy” rating, providing an additional favorable backdrop for the stock. CDW Corporation Receives Consensus Rating of Moderate Buy
• Neutral Sentiment: Coverage from technology and legal publications confirms the acquisition and highlights CDW’s growing AI focus. However, the articles provide limited detail on Lovelytics’ financial contribution, integration plans, or the deal’s effect on near-term earnings. CDW Expands AI Expertise
• Negative Sentiment: Execution and valuation risks: The roughly $525 million purchase price creates integration and return-on-investment risks. Investors will likely watch the funding structure, closing conditions, and whether Lovelytics produces enough growth and profit to justify the investment.

Insider Transactions at CDW

In other CDW news, insider Elizabeth Connelly sold 26,695 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $137.62, for a total transaction of $3,673,765.90. Following the sale, the insider directly owned 34,215 shares of the company’s stock, valued at $4,708,668.30. This represents a 43.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.82% of the company’s stock.

CDW Company 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.