CDW Corporation (NASDAQ:CDW) Stock Holdings Reduced by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC reduced its stake in shares of CDW Corporation (NASDAQ:CDW - Free Report) by 0.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 196,835 shares of the information technology services provider's stock after selling 1,843 shares during the quarter. Bartlett & CO. Wealth Management LLC owned about 0.15% of CDW worth $31,545,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. PDS Planning Inc increased its position in CDW by 8.7% in the 1st quarter. PDS Planning Inc now owns 1,533 shares of the information technology services provider's stock valued at $246,000 after acquiring an additional 123 shares during the period. Balefire LLC grew its position in CDW by 12.8% in the 1st quarter. Balefire LLC now owns 1,284 shares of the information technology services provider's stock valued at $206,000 after buying an additional 146 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in CDW by 30.5% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 24,112 shares of the information technology services provider's stock valued at $3,864,000 after buying an additional 5,641 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of CDW by 8.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 19,995 shares of the information technology services provider's stock worth $3,204,000 after buying an additional 1,604 shares in the last quarter. Finally, Golden State Wealth Management LLC lifted its stake in shares of CDW by 237.2% in the 1st quarter. Golden State Wealth Management LLC now owns 263 shares of the information technology services provider's stock worth $42,000 after acquiring an additional 185 shares during the period. 93.15% of the stock is owned by institutional investors and hedge funds.

CDW Price Performance

Shares of NASDAQ CDW traded up $1.26 during trading on Monday, hitting $178.67. The company had a trading volume of 604,475 shares, compared to its average volume of 1,241,894. CDW Corporation has a 52 week low of $137.31 and a 52 week high of $241.26. The business's 50-day moving average is $174.60 and its 200 day moving average is $175.35. The company has a market cap of $23.53 billion, a P/E ratio of 22.14, a PEG ratio of 2.99 and a beta of 0.95. The company has a debt-to-equity ratio of 2.42, a quick ratio of 1.20 and a current ratio of 1.32.

CDW (NASDAQ:CDW - Get Free Report) last announced its earnings results on Wednesday, May 7th. The information technology services provider reported $2.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.96 by $0.19. CDW had a return on equity of 54.90% and a net margin of 5.10%. The company had revenue of $5.20 billion for the quarter, compared to analyst estimates of $4.93 billion. During the same period in the previous year, the firm earned $1.92 earnings per share. CDW's revenue for the quarter was up 6.7% compared to the same quarter last year. Equities research analysts predict that CDW Corporation will post 9.41 earnings per share for the current fiscal year.

CDW Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 26th were issued a dividend of $0.625 per share. The ex-dividend date was Friday, May 23rd. This represents a $2.50 annualized dividend and a yield of 1.40%. CDW's payout ratio is presently 30.98%.

Insider Buying and Selling at CDW

In related news, insider Frederick J. Kulevich sold 28,159 shares of the business's 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 transaction, the insider now directly owns 36,077 shares of the company's stock, valued at approximately $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 accessible through the SEC website. Also, insider Christine A. Leahy sold 40,917 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $181.42, for a total transaction of $7,423,162.14. Following the completion of the transaction, the insider now owns 144,931 shares in the company, valued at approximately $26,293,382.02. This represents a 22.02% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.90% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Citigroup boosted their target price on CDW from $160.00 to $180.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. lowered their price target on CDW from $222.00 to $175.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. UBS Group cut their price objective on CDW from $236.00 to $210.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, Barclays decreased their target price on CDW from $223.00 to $205.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $208.71.

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.