AEGON ASSET MANAGEMENT UK Plc Boosts Stock Position in CDW Co. (NASDAQ:CDW)

AEGON ASSET MANAGEMENT UK Plc boosted its stake in CDW Co. (NASDAQ:CDW - Free Report) by 56.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,690 shares of the information technology services provider's stock after purchasing an additional 24,439 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc owned about 0.05% of CDW worth $10,843,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. increased its position in shares of CDW by 12.7% during the fourth quarter. Franklin Resources Inc. now owns 121,757 shares of the information technology services provider's stock valued at $21,191,000 after acquiring an additional 13,748 shares during the last quarter. Madison Investment Advisors LLC purchased a new stake in CDW during the fourth quarter worth about $130,996,000. Graphene Investments SAS raised its position in CDW by 17.6% in the fourth quarter. Graphene Investments SAS now owns 17,400 shares of the information technology services provider's stock worth $3,028,000 after acquiring an additional 2,600 shares during the period. Wellington Management Group LLP raised its position in 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 acquiring an additional 574,444 shares during the period. Finally, Geode Capital Management LLC boosted its stake in 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 valued at $614,220,000 after acquiring an additional 54,341 shares during the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CDW shares. JPMorgan Chase & Co. decreased their price target 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. UBS Group dropped their price target on shares of CDW from $236.00 to $210.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Citigroup lifted their price target on CDW from $160.00 to $180.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Finally, Barclays decreased their price target 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. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, CDW has an average rating of "Moderate Buy" and an average target price of $216.38.

CDW Stock Performance

Shares of NASDAQ CDW traded up $2.41 during midday trading on Friday, hitting $178.24. 615,364 shares of the stock traded hands, compared to its average volume of 1,226,516. The firm has a 50-day moving average of $167.63 and a two-hundred day moving average of $175.82. The firm has a market capitalization of $23.47 billion, a P/E ratio of 22.36, a PEG ratio of 3.21 and a beta of 0.95. CDW Co. has a one year low of $137.31 and a one year high of $241.26. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.24 and a current ratio of 1.35.

CDW (NASDAQ:CDW - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The information technology services provider reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.19. CDW had a return on equity of 55.42% and a net margin of 5.13%. The business had revenue of $5.20 billion for the quarter, compared to analysts' expectations of $4.93 billion. During the same period in the prior year, the firm earned $1.92 EPS. The company's revenue for the quarter was up 6.7% on a year-over-year basis. On average, equities analysts forecast that CDW Co. will post 9.41 EPS for the current fiscal year.

CDW Dividend Announcement

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

Insider Buying and Selling at CDW

In related news, insider Frederick J. Kulevich sold 28,159 shares of the company's 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 transaction, the insider now directly owns 36,077 shares of the company's stock, valued at $6,887,099.30. This represents a 43.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christine A. Leahy sold 40,917 shares of the business's stock in a transaction dated Thursday, May 8th. The shares were 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 in the company, valued at approximately $26,293,382.02. The trade was a 22.02% decrease in their position. The disclosure for this sale can be found here. 0.84% of the stock is owned by insiders.

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.