CDW Corporation $CDW Position Trimmed by Vancity Investment Management Ltd

Vancity Investment Management Ltd trimmed its holdings in shares of CDW Corporation (NASDAQ:CDW) by 19.3% during the second quarter, Holdings Channel reports. The firm owned 57,083 shares of the information technology services provider’s stock after selling 13,695 shares during the quarter. Vancity Investment Management Ltd’s holdings in CDW were worth $8,028,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of CDW. Hollencrest Capital Management grew its position in shares of CDW by 909.1% during the 1st quarter. Hollencrest Capital Management now owns 222 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 200 shares during the last quarter. Allied Private Wealth LLC bought a new position in CDW in the second quarter worth about $28,000. Keating Financial Advisory Services Inc. bought a new position in CDW in the second quarter worth about $28,000. Root Financial Partners LLC boosted its stake in CDW by 54.7% in the first quarter. Root Financial Partners LLC now owns 263 shares of the information technology services provider’s stock valued at $32,000 after acquiring an additional 93 shares during the period. Finally, Continuum Advisory LLC acquired a new position in CDW in the second quarter valued at approximately $43,000. 93.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CDW. Morgan Stanley upped their target price on CDW from $170.00 to $171.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Citigroup boosted their price objective on CDW from $123.00 to $145.00 and gave the company a “neutral” rating in a research report on Monday, July 13th. Weiss Ratings upgraded CDW from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 25th. JPMorgan Chase & Co. upgraded CDW from a “neutral” rating to an “overweight” rating and set a $130.00 price objective for the company in a research note on Wednesday, May 27th. Finally, Royal Bank Of Canada raised CDW to an “outperform” rating and set a $130.00 target price on the stock in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $147.00.

CDW News Roundup

Here are the key news stories impacting CDW this week:

• Positive Sentiment: AI-services acquisition strengthens growth strategy: CDW agreed to acquire Lovelytics, a data and AI services firm, for approximately $525 million. The deal is intended to expand CDW’s capabilities in data analytics, artificial intelligence and related consulting services, potentially increasing its exposure to customers investing in AI transformation. CDW Agrees to Acquire Lovelytics CDW To Acquire Lovelytics For Approximately $525 Million
• Positive Sentiment: Broader AI demand may support CDW: Coverage of CDW’s expanding AI expertise, along with articles discussing agentic AI adoption in K–12 IT departments and preparations by federal agencies for AI disruption, points to growing demand for AI implementation and support services across public-sector and enterprise customers. CDW Expands AI Expertise How Agentic AI Can Supplement K–12 IT Help Desks
• Positive Sentiment: Analyst sentiment remains constructive: CDW received a consensus “Moderate Buy” rating, while a Zacks review notes the stock’s strong performance since its latest earnings report. The previous quarter also featured earnings and revenue above consensus estimates, reinforcing the favorable backdrop. CDW Receives Consensus Moderate Buy Rating Why Is CDW Up Since Its Last Earnings Report?
• Negative Sentiment: Deal execution is the main risk: The roughly $525 million Lovelytics purchase increases CDW’s capital commitment and introduces integration risk. Investors will likely watch the transaction’s funding, timing and contribution to revenue and earnings before assigning greater value to the AI strategy. CDW To Acquire Lovelytics To Expand Data And AI Services

Insider Transactions at CDW

In other CDW news, insider Elizabeth Connelly sold 26,695 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $137.62, for a total transaction of $3,673,765.90. Following the completion of the transaction, the insider owned 34,215 shares in the company, valued at approximately $4,708,668.30. The trade was a 43.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.82% of the company’s stock.

CDW Stock Performance

CDW opened at $152.38 on Monday. The business’s 50 day moving average is $139.96 and its 200-day moving average is $129.25. The stock has a market cap of $19.05 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 2.00 and a beta of 0.95. The company has a current ratio of 1.17, a quick ratio of 1.05 and a debt-to-equity ratio of 1.97. CDW Corporation has a twelve month low of $97.12 and a twelve month high of $171.55.

CDW (NASDAQ:CDW) last issued its quarterly earnings data on Wednesday, August 5th. The information technology services provider reported $2.91 earnings per share (EPS) for the quarter, topping 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 business had revenue of $6.57 billion during the quarter, compared to the consensus estimate of $6.21 billion. During the same period in the previous year, the firm posted $2.60 earnings per share. The business’s revenue was up 10.0% on a year-over-year basis. On average, analysts predict that CDW Corporation will post 10.33 earnings per share for the current year.

CDW Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Tuesday, August 25th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $2.52 annualized dividend and a yield of 1.7%. CDW’s payout ratio is presently 30.29%.

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.