Aviso Financial Inc. Purchases New Stake in CDW Corporation $CDW

Key Points

• Aviso Financial Inc. acquired a new stake in CDW Corporation valued at approximately $776,000, purchasing 4,844 shares during the first quarter.
• Research analysts have recently increased their price targets for CDW, with JPMorgan Chase raising it to $205.00 and Citigroup to $200.00, while others have lowered their estimates.
• CDW has announced a quarterly dividend of $0.625 per share, with an annualized yield of 1.5%, to be paid on September 10th to shareholders of record on August 25th.

Aviso Financial Inc. bought a new position in shares of CDW Corporation (NASDAQ:CDW - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 4,844 shares of the information technology services provider's stock, valued at approximately $776,000.

Several other hedge funds have also recently bought and sold shares of CDW. United Capital Financial Advisors LLC lifted 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 worth $546,000 after acquiring an additional 203 shares in the last quarter. Dimensional Fund Advisors LP raised its position in CDW by 1.0% in 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 purchasing an additional 13,220 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its position in CDW by 44.5% in 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 purchasing an additional 1,045 shares in the last quarter. Norinchukin Bank The raised its position in CDW by 9.0% in the 4th quarter. Norinchukin Bank The now owns 7,364 shares of the information technology services provider's stock valued at $1,282,000 after purchasing an additional 606 shares in the last quarter. Finally, MetLife Investment Management LLC raised its position in CDW by 1.2% in the 4th quarter. MetLife Investment Management LLC now owns 38,266 shares of the information technology services provider's stock valued at $6,660,000 after purchasing an additional 444 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Barclays reduced their price target on CDW from $205.00 to $176.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 7th. JPMorgan Chase & Co. raised 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. Citigroup raised 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. Finally, UBS Group cut 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. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $202.00.

CDW Stock Performance

NASDAQ:CDW traded up $2.82 during mid-day trading on Friday, reaching $167.00. 1,576,479 shares of the stock were exchanged, compared to its average volume of 1,231,103. The company has a 50 day simple moving average of $173.99 and a 200-day simple moving average of $172.79. The stock has a market capitalization of $21.89 billion, a P/E ratio of 20.75, a P/E/G ratio of 2.73 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. 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 announced its earnings results on Wednesday, August 6th. The information technology services provider reported $2.60 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.11. CDW had a return on equity of 53.63% and a net margin of 4.92%.The company had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.51 billion. During the same period last year, the business posted $2.50 EPS. The company's revenue was up 10.2% on a year-over-year basis. Analysts anticipate that CDW Corporation will post 9.41 earnings per share for the current fiscal year.

CDW Dividend Announcement

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

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.