Alpha Family Trust Takes $351,000 Position in CDW Corporation $CDW

Key Points

• Alpha Family Trust has acquired a new stake in CDW Corporation, purchasing 2,190 shares valued at approximately $351,000 in the first quarter of the year.
• Multiple institutional investors, including United Capital Financial Advisors and Canada Pension Plan Investment Board, have increased their holdings in CDW, with 93.15% of the stock now owned by hedge funds and institutions.
• CDW's latest earnings report showed a profit of $2.60 per share and revenue exceeding expectations at $5.98 billion, reflecting a 10.2% year-over-year increase.

Alpha Family Trust bought a new stake in CDW Corporation (NASDAQ:CDW - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,190 shares of the information technology services provider's stock, valued at approximately $351,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. United Capital Financial Advisors LLC raised its stake in CDW by 6.9% during the 4th quarter. United Capital Financial Advisors LLC now owns 3,139 shares of the information technology services provider's stock valued at $546,000 after acquiring an additional 203 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in CDW by 30.6% during the 4th quarter. Canada Pension Plan Investment Board now owns 156,449 shares of the information technology services provider's stock valued at $27,228,000 after acquiring an additional 36,656 shares during the last quarter. First Trust Advisors LP raised its stake in CDW by 27.5% during the 4th quarter. First Trust Advisors LP now owns 742,638 shares of the information technology services provider's stock valued at $129,249,000 after acquiring an additional 160,089 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in CDW by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,350,165 shares of the information technology services provider's stock valued at $234,982,000 after acquiring an additional 13,220 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S raised its stake in CDW by 44.5% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,393 shares of the information technology services provider's stock valued at $591,000 after acquiring an additional 1,045 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on CDW. Barclays reduced their price objective on CDW from $205.00 to $176.00 and set an "equal weight" rating for the company in a research note on Thursday, August 7th. UBS Group dropped their target price on CDW from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, August 7th. JPMorgan Chase & Co. boosted their target price on CDW from $185.00 to $205.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Finally, Citigroup boosted their target price on CDW from $180.00 to $200.00 and gave the stock a "neutral" rating in a research report on Friday, July 11th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, CDW has a consensus rating of "Hold" and an average price target of $202.00.

CDW Stock Performance

CDW opened at $163.76 on Monday. The stock has a market cap of $21.46 billion, a P/E ratio of 20.34, a P/E/G ratio of 2.72 and a beta of 0.95. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.35 and a quick ratio of 1.22. The stock's 50 day simple moving average is $174.90 and its 200 day simple moving average is $173.56. CDW Corporation has a 1-year low of $137.31 and a 1-year high of $231.38.

CDW (NASDAQ:CDW - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The information technology services provider reported $2.60 earnings per share for the quarter, topping analysts' consensus estimates of $2.49 by $0.11. The business had revenue of $5.98 billion for the quarter, compared to analysts' expectations of $5.51 billion. CDW had a return on equity of 53.63% and a net margin of 4.92%. The company's revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.50 EPS. As a group, equities analysts anticipate that CDW Corporation will post 9.41 EPS for the current fiscal year.

CDW Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Monday, August 25th will be issued a $0.625 dividend. The ex-dividend date is Monday, August 25th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.5%. CDW's dividend payout ratio is currently 31.06%.

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.

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