Atlas Capital Advisors Inc. Has $42,000 Holdings in CDW Corporation (NASDAQ:CDW)

Key Points

• Atlas Capital Advisors Inc. has significantly reduced its stake in CDW Corporation by 92.9%, resulting in ownership of only 264 shares after selling 3,443 shares during the first quarter.
• Insider Frederick J. Kulevich sold 28,159 shares of CDW for approximately $5.38 million, indicating a 43.84% decrease in their ownership in the company.
• CDW has recently announced a quarterly dividend of $0.625 per share, with an annualized yield of 1.5% and a payout ratio of 31.06%.

Atlas Capital Advisors Inc. decreased its holdings in CDW Corporation (NASDAQ:CDW - Free Report) by 92.9% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 264 shares of the information technology services provider's stock after selling 3,443 shares during the period. Atlas Capital Advisors Inc.'s holdings in CDW were worth $42,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. D. E. Shaw & Co. Inc. raised its stake in shares of CDW by 906.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,024,887 shares of the information technology services provider's stock valued at $352,411,000 after purchasing an additional 1,823,788 shares during the period. Alyeska Investment Group L.P. raised its stake in shares of CDW by 17,349.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,380,787 shares of the information technology services provider's stock valued at $240,312,000 after purchasing an additional 1,372,874 shares during the period. Voloridge Investment Management LLC purchased a new stake in shares of CDW during the fourth quarter valued at approximately $105,705,000. Manning & Napier Advisors LLC purchased a new stake in shares of CDW during the first quarter valued at approximately $74,908,000. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of CDW by 15.7% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,792,934 shares of the information technology services provider's stock valued at $447,596,000 after purchasing an additional 378,841 shares during the period. Hedge funds and other institutional investors own 93.15% of the company's stock.

CDW Stock Performance

CDW stock traded down $1.39 during trading on Thursday, hitting $166.09. 1,183,309 shares of the company's stock traded hands, compared to its average volume of 1,330,678. CDW Corporation has a 52 week low of $137.31 and a 52 week high of $231.38. The stock has a market capitalization of $21.77 billion, a price-to-earnings ratio of 20.63, a price-to-earnings-growth ratio of 2.76 and a beta of 0.95. The company has a quick ratio of 1.22, a current ratio of 1.35 and a debt-to-equity ratio of 2.28. The stock has a fifty day moving average price of $175.38 and a two-hundred day moving average price of $174.29.

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

CDW Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Citigroup lifted their price target on shares of CDW from $180.00 to $200.00 and gave the stock a "neutral" rating in a research note on Friday, July 11th. Barclays dropped their price target on shares of 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 price target on shares of CDW from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, August 7th. Finally, JPMorgan Chase & Co. lifted their price target on shares of CDW from $185.00 to $205.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, CDW has an average rating of "Hold" and a consensus price target of $202.00.

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.