Bessemer Group Inc. Has $183.81 Million Stake in CDW Corporation (NASDAQ:CDW)

Bessemer Group Inc. raised its stake in shares of CDW Corporation (NASDAQ:CDW - Free Report) by 1.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 1,146,953 shares of the information technology services provider's stock after purchasing an additional 20,462 shares during the quarter. Bessemer Group Inc. owned 0.87% of CDW worth $183,812,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Allworth Financial LP lifted its holdings in shares of CDW by 39.7% during the 4th quarter. Allworth Financial LP now owns 183 shares of the information technology services provider's stock worth $32,000 after acquiring an additional 52 shares during the period. Parkside Financial Bank & Trust lifted its stake in CDW by 38.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 207 shares of the information technology services provider's stock worth $36,000 after purchasing an additional 58 shares during the period. Jacobi Capital Management LLC lifted its stake in CDW by 4.5% during the fourth quarter. Jacobi Capital Management LLC now owns 1,428 shares of the information technology services provider's stock worth $248,000 after purchasing an additional 61 shares during the period. Signaturefd LLC raised its holdings in shares of CDW by 2.7% in the 4th quarter. Signaturefd LLC now owns 2,706 shares of the information technology services provider's stock worth $471,000 after buying an additional 72 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its position in shares of CDW by 16.4% during the 4th quarter. Global Retirement Partners LLC now owns 531 shares of the information technology services provider's stock worth $92,000 after buying an additional 75 shares during the period. Institutional investors and hedge funds own 93.15% of the company's stock.

Insider Buying and Selling

In related news, insider Christine A. Leahy sold 40,917 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $181.42, for a total transaction 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Frederick J. Kulevich sold 28,159 shares of CDW stock in a transaction dated 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 transaction, the insider now owns 36,077 shares in the company, valued at approximately $6,887,099.30. This represents a 43.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.84% of the stock is currently owned by insiders.

CDW Price Performance

Shares of CDW traded down $0.55 during mid-day trading on Thursday, hitting $177.28. 933,604 shares of the company traded hands, compared to its average volume of 1,239,926. 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 stock has a market capitalization of $23.34 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 2.99 and a beta of 0.95. The business has a 50-day moving average of $173.57 and a 200 day moving average of $175.44. CDW Corporation has a one year low of $137.31 and a one year high of $241.26.

CDW (NASDAQ:CDW - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The information technology services provider reported $2.15 EPS for the quarter, beating 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 firm had revenue of $5.20 billion for the quarter, compared to analyst estimates of $4.93 billion. During the same period last year, the company earned $1.92 EPS. The business's quarterly revenue was up 6.7% compared to the same quarter last year. As a group, equities analysts expect that CDW Corporation will post 9.41 earnings per share for the current fiscal year.

CDW Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, May 26th were given a dividend of $0.625 per share. 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 30.98%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CDW. UBS Group lowered their price target on CDW from $236.00 to $210.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. JPMorgan Chase & Co. cut their price target on shares of CDW from $222.00 to $175.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Citigroup raised their price objective on shares of CDW from $160.00 to $180.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Finally, Barclays cut their target price on shares of 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. According to MarketBeat.com, CDW has an average rating of "Hold" and a consensus price target of $208.71.

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.