Alyeska Investment Group L.P. Purchases 1,230,517 Shares of CDW Corporation $CDW

Key Points

• Alyeska Investment Group increased its CDW position by 197.1%, purchasing 1,230,517 additional shares to own 1.85 million shares worth approximately $260.9 million.
• CDW exceeded quarterly expectations, reporting $2.91 EPS on $6.57 billion in revenue, with revenue up 10% year over year. The company also declared a $0.63 quarterly dividend, yielding about 1.7% annually.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and a $147 target price; institutional investors own 93.15% of CDW, while an insider recently sold 26,695 shares.

Alyeska Investment Group L.P. increased its position in CDW Corporation (NASDAQ:CDW - Free Report) by 197.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,854,952 shares of the information technology services provider's stock after purchasing an additional 1,230,517 shares during the period. CDW makes up 0.7% of Alyeska Investment Group L.P.'s investment portfolio, making the stock its 22nd largest holding. Alyeska Investment Group L.P. owned about 1.48% of CDW worth $260,880,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BNP Paribas Financial Markets lifted its position in CDW by 20.5% in the 4th quarter. BNP Paribas Financial Markets now owns 284,965 shares of the information technology services provider's stock valued at $38,812,000 after acquiring an additional 48,547 shares in the last quarter. Kendall Capital Management bought a new stake in CDW during the 2nd quarter worth approximately $3,584,000. Pzena Investment Management LLC bought a new stake in CDW during the 2nd quarter worth approximately $371,135,000. Fenimore Asset Management Inc raised its stake in shares of CDW by 0.8% in the fourth quarter. Fenimore Asset Management Inc now owns 1,150,567 shares of the information technology services provider's stock worth $156,707,000 after purchasing an additional 9,485 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI purchased a new stake in shares of CDW in the first quarter worth approximately $1,587,000. Institutional investors own 93.15% of the company's stock.

Insiders Place Their Bets

In other CDW news, insider Elizabeth H. Connelly sold 26,695 shares of the firm's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $137.62, for a total value of $3,673,765.90. Following the sale, the insider owned 34,215 shares of the company's stock, valued at $4,708,668.30. This trade represents a 43.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.82% of the stock is owned by corporate insiders.

CDW Stock Performance

Shares of CDW opened at $147.69 on Friday. CDW Corporation has a 52-week low of $97.12 and a 52-week high of $171.55. The stock's 50-day simple moving average is $137.73 and its 200 day simple moving average is $128.66. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.05 and a current ratio of 1.17. The stock has a market capitalization of $18.46 billion, a price-to-earnings ratio of 17.75, a price-to-earnings-growth ratio of 1.94 and a beta of 0.96.

CDW (NASDAQ:CDW - Get Free Report) last posted its earnings results on Wednesday, August 5th. The information technology services provider reported $2.91 earnings per share for the quarter, beating analysts' consensus estimates of $2.80 by $0.11. The business had revenue of $6.57 billion during the quarter, compared to analyst estimates of $6.21 billion. CDW had a return on equity of 50.61% and a net margin of 4.60%.The company's quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.60 EPS. Research analysts forecast that CDW Corporation will post 10.33 EPS for the current fiscal 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 $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Tuesday, August 25th. CDW's dividend payout ratio is currently 30.29%.

Analyst Ratings Changes

CDW has been the subject of several analyst reports. UBS Group lowered their target price on shares of CDW from $162.00 to $147.00 and set a "buy" rating for the company in a report on Thursday, May 7th. Barclays cut their price target on shares of CDW from $144.00 to $123.00 and set an "equal weight" rating on the stock in a report on Thursday, May 7th. Morgan Stanley raised their target price on CDW from $170.00 to $171.00 and gave the company an "overweight" rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. upgraded shares of 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, Weiss Ratings raised shares of CDW from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $147.00.

CDW News Roundup

Here are the key news stories impacting CDW this week:

• Positive Sentiment: Zacks increased its 2026 EPS forecast to $10.25 from $10.02 and lifted its Q3 and Q4 2026 estimates to $2.73 and $2.62, respectively. These revisions suggest modestly improved expectations for near-term profitability.
• Positive Sentiment: Forecasts for 2027 were raised broadly: Q1 EPS increased to $2.34, Q2 to $2.53, Q3 to $2.89, and Q4 to $3.72. Zacks’ full-year 2027 estimate rose to $11.48 from $10.85, signaling stronger anticipated earnings growth.
• Positive Sentiment: Zacks also raised its FY2028 EPS forecast to $12.72 from $11.93 and increased its Q1 2028 estimate to $4.40 from $4.07. The revisions support a favorable longer-term earnings outlook for CDW.
• Neutral Sentiment: Zacks’ FY2026 forecast of $10.25 remains just below the broader consensus estimate of $10.28, indicating that the improved outlook is relatively modest for the current year.
• Negative Sentiment: Zacks cut its Q2 2028 EPS estimate to $2.53 from $2.86. Although the broader FY2028 forecast increased, the sharp quarterly reduction introduces some uncertainty around the timing and consistency of future earnings.
• Neutral Sentiment: A separate announcement concerned CDW Holding Limited’s Thai subsidiary, not CDW Corporation. It is therefore unlikely to affect CDW’s stock. CDW Holding Names New Legal Representative for Thai Subsidiary

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source