ASR Vermogensbeheer N.V. Takes $20.90 Million Position in CDW Corporation (NASDAQ:CDW)

Key Points

• ASR Vermogensbeheer N.V. acquired 130,392 shares of CDW Corporation, valued at approximately $20.9 million, representing 0.10% ownership as per its recent SEC filing.
• CDW announced a quarterly dividend of $0.625 per share, which translates to an annual yield of 1.5% and reflects a 30.98% dividend payout ratio.
• Despite positive earnings results, CDW stock is down 4.0% and currently has an average target price of $208.50 from analysts, showing a mixed outlook on the company's performance.

ASR Vermogensbeheer N.V. purchased a new position in shares of CDW Corporation (NASDAQ:CDW - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 130,392 shares of the information technology services provider's stock, valued at approximately $20,895,000. ASR Vermogensbeheer N.V. owned approximately 0.10% of CDW as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. GW&K Investment Management LLC boosted its position in shares of CDW by 78.9% during the first quarter. GW&K Investment Management LLC now owns 170 shares of the information technology services provider's stock valued at $27,000 after buying an additional 75 shares during the last quarter. Orion Capital Management LLC purchased a new position in CDW in the fourth quarter worth $30,000. Bayforest Capital Ltd bought a new stake in shares of CDW during the 1st quarter worth $31,000. Optiver Holding B.V. boosted its holdings in shares of CDW by 107.2% in the 4th quarter. Optiver Holding B.V. now owns 230 shares of the information technology services provider's stock worth $40,000 after buying an additional 119 shares during the last quarter. Finally, Golden State Wealth Management LLC grew its position in CDW by 237.2% during the first quarter. Golden State Wealth Management LLC now owns 263 shares of the information technology services provider's stock valued at $42,000 after buying an additional 185 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CDW

In other CDW news, insider Frederick J. Kulevich sold 28,159 shares of CDW stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $190.90, for a total transaction of $5,375,553.10. Following the completion of the sale, the insider directly owned 36,077 shares in the company, valued at $6,887,099.30. The trade was a 43.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.84% of the company's stock.

CDW Price Performance

Shares of CDW stock traded up $1.04 during trading hours on Friday, reaching $162.92. The stock had a trading volume of 1,066,641 shares, compared to its average volume of 1,080,320. The stock's fifty day simple moving average is $176.17 and its 200 day simple moving average is $174.95. The firm has a market capitalization of $21.45 billion, a PE ratio of 20.24, a PEG ratio of 2.72 and a beta of 0.95. CDW Corporation has a 12 month low of $137.31 and a 12 month high of $231.38. The company has a current ratio of 1.35, a quick ratio of 1.20 and a debt-to-equity ratio of 2.28.

CDW (NASDAQ:CDW - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The information technology services provider reported $2.60 EPS for the quarter, beating analysts' consensus estimates of $2.49 by $0.11. CDW had a net margin of 4.92% and a return on equity of 53.63%. The firm had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.51 billion. During the same period in the previous year, the business earned $2.50 EPS. The business's revenue for the quarter was up 10.2% on a year-over-year basis. On average, equities research analysts predict that CDW Corporation will post 9.41 EPS for the current year.

CDW Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Monday, August 25th will be given a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, August 25th. CDW's dividend payout ratio (DPR) is 31.06%.

Analyst Ratings Changes

A number of research analysts have weighed in on CDW shares. Barclays dropped their target price on shares of CDW from $205.00 to $176.00 and set an "equal weight" rating on the stock in a research note on Thursday. JPMorgan Chase & Co. boosted their target price on CDW from $185.00 to $205.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Citigroup increased their price target on CDW from $180.00 to $200.00 and gave the stock a "neutral" rating in a research note on Friday, July 11th. Finally, UBS Group dropped their price objective on shares of CDW from $210.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $202.00.

CDW Company 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.