5,932 Shares in CDW Corporation $CDW Acquired by Caxton Associates LLP

Key Points

• Caxton Associates LLP invested approximately $951,000 to acquire 5,932 shares of CDW Corporation during the first quarter of the year.
• CDW reported a quarterly earnings per share (EPS) of $2.60, exceeding analysts' expectations, with revenues of $5.98 billion, marking a 10.2% increase year-over-year.
• The company announced a dividend of $0.625 per share, demonstrating an annual yield of 1.5% and a payout ratio of 31.06%.

Caxton Associates LLP bought a new stake in CDW Corporation (NASDAQ:CDW - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,932 shares of the information technology services provider's stock, valued at approximately $951,000.

Several other large investors also recently modified their holdings of CDW. Sciencast Management LP purchased a new stake in shares of CDW in the first quarter worth about $446,000. Jones Financial Companies Lllp raised its holdings in CDW by 316.0% in the first quarter. Jones Financial Companies Lllp now owns 4,896 shares of the information technology services provider's stock worth $785,000 after purchasing an additional 3,719 shares in the last quarter. UniSuper Management Pty Ltd boosted its holdings in CDW by 4.2% in the first quarter. UniSuper Management Pty Ltd now owns 32,671 shares of the information technology services provider's stock worth $5,236,000 after acquiring an additional 1,322 shares in the last quarter. Scientech Research LLC boosted its position in shares of CDW by 32.8% during the first quarter. Scientech Research LLC now owns 6,019 shares of the information technology services provider's stock valued at $965,000 after buying an additional 1,485 shares during the last quarter. Finally, Select Equity Group L.P. grew its position in CDW by 5.6% during the first quarter. Select Equity Group L.P. now owns 3,695,937 shares of the information technology services provider's stock valued at $592,311,000 after buying an additional 195,511 shares during the period. Hedge funds and other institutional investors own 93.15% of the company's stock.

Wall Street Analyst Weigh In

CDW has been the subject of a number of research reports. Citigroup increased their price target on CDW from $180.00 to $200.00 and gave the company a "neutral" rating in a research note on Friday, July 11th. 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. JPMorgan Chase & Co. boosted their target price 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. Finally, Barclays decreased their target price on shares of CDW from $205.00 to $176.00 and set an "equal weight" rating on the stock in a report on Thursday, August 7th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $202.00.

CDW Stock Performance

NASDAQ CDW traded up $3.02 during trading hours on Tuesday, hitting $166.15. The company had a trading volume of 1,452,566 shares, compared to its average volume of 1,159,812. CDW Corporation has a fifty-two week low of $137.31 and a fifty-two week high of $230.86. 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 firm has a market cap of $21.78 billion, a P/E ratio of 20.64, a price-to-earnings-growth ratio of 2.71 and a beta of 0.98. The business has a fifty day simple moving average of $170.28 and a 200-day simple moving average of $169.89.

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

CDW Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Monday, August 25th were given a dividend of $0.625 per share. The ex-dividend date was Monday, August 25th. This represents a $2.50 annualized dividend and a dividend yield of 1.5%. CDW's payout ratio is presently 31.06%.

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.