1,683 Shares in CDW Co. (NASDAQ:CDW) Purchased by Lansforsakringar Fondforvaltning AB publ

Lansforsakringar Fondforvaltning AB publ acquired a new stake in CDW Co. (NASDAQ:CDW - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,683 shares of the information technology services provider's stock, valued at approximately $293,000.

Several other large investors have also modified their holdings of CDW. Orion Capital Management LLC acquired a new stake in shares of CDW in the fourth quarter valued at approximately $30,000. Allworth Financial LP boosted its holdings in shares of CDW by 39.7% in the fourth quarter. Allworth Financial LP now owns 183 shares of the information technology services provider's stock valued at $32,000 after acquiring an additional 52 shares during the period. OFI Invest Asset Management acquired a new stake in shares of CDW in the fourth quarter valued at approximately $32,000. Parkside Financial Bank & Trust boosted its holdings in shares of CDW by 38.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 207 shares of the information technology services provider's stock valued at $36,000 after acquiring an additional 58 shares during the period. Finally, Optiver Holding B.V. boosted its holdings in shares of CDW by 107.2% in the fourth quarter. Optiver Holding B.V. now owns 230 shares of the information technology services provider's stock valued at $40,000 after acquiring an additional 119 shares during the period. 93.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CDW has been the subject of several recent research reports. Barclays decreased their price target on CDW from $223.00 to $205.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. JPMorgan Chase & Co. decreased their price target on CDW from $222.00 to $175.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. UBS Group decreased their price target on CDW from $236.00 to $210.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Morgan Stanley increased their price target on CDW from $193.00 to $201.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Finally, Citigroup increased their price target on CDW from $160.00 to $180.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $216.38.

CDW Price Performance

NASDAQ:CDW traded up $4.59 during trading hours on Tuesday, hitting $179.35. The company's stock had a trading volume of 819,461 shares, compared to its average volume of 1,223,377. The business's 50-day moving average is $166.70 and its two-hundred day moving average is $175.80. The company has a market capitalization of $23.62 billion, a PE ratio of 22.50, a PEG ratio of 3.21 and a beta of 0.91. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.24 and a current ratio of 1.35. CDW Co. has a 52-week low of $137.31 and a 52-week high of $241.26.

CDW (NASDAQ:CDW - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The information technology services provider reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.19. The firm had revenue of $5.20 billion during the quarter, compared to analysts' expectations of $4.93 billion. CDW had a return on equity of 55.42% and a net margin of 5.13%. CDW's revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.92 earnings per share. As a group, research analysts anticipate that CDW Co. will post 9.41 EPS for the current fiscal year.

CDW Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 26th will be given a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Friday, May 23rd. CDW's payout ratio is 30.98%.

CDW declared that its board has initiated a stock repurchase program on Wednesday, February 5th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the information technology services provider to reacquire up to 2.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company's leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, insider Frederick J. Kulevich sold 28,159 shares of CDW stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $190.90, for a total transaction of $5,375,553.10. Following the completion of the transaction, the insider now owns 36,077 shares of the company's stock, valued at $6,887,099.30. The trade was a 43.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Christine A. Leahy sold 40,917 shares of CDW stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $181.42, for a total value of $7,423,162.14. Following the transaction, the insider now directly owns 144,931 shares of the company's stock, valued at $26,293,382.02. This trade represents a 22.02% decrease in their position. The disclosure for this sale can be found here. 0.84% of the stock is currently owned by company insiders.

CDW 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.