Bartlett & CO. Wealth Management LLC Sells 1,843 Shares of CDW Corporation (NASDAQ:CDW)

Bartlett & CO. Wealth Management LLC trimmed its stake in CDW Corporation (NASDAQ:CDW - Free Report) by 0.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,835 shares of the information technology services provider's stock after selling 1,843 shares during the period. Bartlett & CO. Wealth Management LLC owned 0.15% of CDW worth $31,545,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Franklin Resources Inc. lifted its position in shares of CDW by 12.7% during the 4th quarter. Franklin Resources Inc. now owns 121,757 shares of the information technology services provider's stock valued at $21,191,000 after buying an additional 13,748 shares in the last quarter. Madison Investment Advisors LLC bought a new stake in CDW during the 4th quarter worth approximately $130,996,000. Unison Asset Management LLC lifted its holdings in CDW by 9.4% during the first quarter. Unison Asset Management LLC now owns 42,389 shares of the information technology services provider's stock valued at $6,339,000 after purchasing an additional 3,657 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of CDW by 29.2% in the fourth quarter. Wellington Management Group LLP now owns 2,538,775 shares of the information technology services provider's stock worth $441,848,000 after purchasing an additional 574,444 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of CDW by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 3,535,405 shares of the information technology services provider's stock worth $614,220,000 after purchasing an additional 54,341 shares in the last quarter. 93.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on CDW. UBS Group cut their price target on CDW from $236.00 to $210.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Barclays lowered their target price on shares of CDW from $223.00 to $205.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. JPMorgan Chase & Co. cut their target price on shares of CDW from $222.00 to $175.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Finally, Citigroup increased their price objective on shares of CDW from $160.00 to $180.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $208.71.

Insider Transactions at CDW

In other CDW news, insider Frederick J. Kulevich sold 28,159 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $190.90, for a total value of $5,375,553.10. Following the sale, the insider now owns 36,077 shares in the company, valued at $6,887,099.30. This trade represents a 43.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Christine A. Leahy sold 40,917 shares of CDW stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $181.42, for a total value of $7,423,162.14. Following the sale, the insider now owns 144,931 shares of the company's stock, valued at approximately $26,293,382.02. This trade represents a 22.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.84% of the company's stock.

CDW Stock Down 0.3%

Shares of NASDAQ:CDW opened at $177.28 on Friday. The company has a market cap of $23.34 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 2.99 and a beta of 0.95. CDW Corporation has a 12 month low of $137.31 and a 12 month high of $241.26. The company has a current ratio of 1.32, a quick ratio of 1.20 and a debt-to-equity ratio of 2.42. The company has a 50-day moving average price of $174.08 and a 200 day moving average price of $175.40.

CDW (NASDAQ:CDW - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The information technology services provider reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.19. The business had revenue of $5.20 billion during the quarter, compared to analyst estimates of $4.93 billion. CDW had a return on equity of 54.90% and a net margin of 5.10%. The company's revenue for the quarter was up 6.7% on a year-over-year basis. During the same period last year, the company earned $1.92 EPS. As a group, equities research analysts predict that CDW Corporation will post 9.41 earnings per share for the current year.

CDW Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, May 26th were paid a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 1.41%. The ex-dividend date was Friday, May 23rd. CDW's dividend payout ratio is currently 30.98%.

CDW 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.

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