CDW Co. (NASDAQ:CDW) Shares Sold by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC decreased its stake in shares of CDW Co. (NASDAQ:CDW - Free Report) by 92.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,501 shares of the information technology services provider's stock after selling 122,539 shares during the period. Silvercrest Asset Management Group LLC's holdings in CDW were worth $1,654,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Royal Bank of Canada raised its stake in shares of CDW by 20.1% in the 4th quarter. Royal Bank of Canada now owns 470,318 shares of the information technology services provider's stock worth $81,853,000 after buying an additional 78,576 shares in the last quarter. Rafferty Asset Management LLC grew its holdings in CDW by 21.9% during the fourth quarter. Rafferty Asset Management LLC now owns 118,994 shares of the information technology services provider's stock worth $20,710,000 after acquiring an additional 21,409 shares during the period. Point72 Asset Management L.P. bought a new stake in CDW in the fourth quarter worth about $42,557,000. ProShare Advisors LLC raised its position in CDW by 16.3% in the fourth quarter. ProShare Advisors LLC now owns 211,884 shares of the information technology services provider's stock worth $36,876,000 after acquiring an additional 29,762 shares in the last quarter. Finally, Mufg Securities Americas Inc. acquired a new stake in CDW in the 4th quarter valued at about $343,000. Institutional investors and hedge funds own 93.15% of the company's stock.

Insider Buying and Selling at CDW

In other CDW news, insider Frederick J. Kulevich sold 28,159 shares of the company's 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 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 sale 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 the business'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 value of $7,423,162.14. Following the completion of the sale, the insider now directly owns 144,931 shares of the company's stock, 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. Company insiders own 0.84% of the company's stock.

Wall Street Analysts Forecast Growth

CDW has been the topic of a number of research reports. Barclays dropped 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. Citigroup lifted their price target on shares of CDW from $160.00 to $180.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. UBS Group cut their price objective on CDW from $236.00 to $210.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. JPMorgan Chase & Co. decreased their target price on CDW from $222.00 to $175.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Finally, Morgan Stanley boosted their target price on CDW from $193.00 to $201.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, CDW currently has a consensus rating of "Moderate Buy" and an average target price of $216.38.

CDW Trading Up 0.0%

CDW stock opened at $188.10 on Wednesday. CDW Co. has a 52 week low of $137.31 and a 52 week 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. The firm has a market capitalization of $24.77 billion, a price-to-earnings ratio of 23.60, a P/E/G ratio of 3.21 and a beta of 0.91. The company has a 50 day moving average price of $164.10 and a 200 day moving average price of $176.56.

CDW (NASDAQ:CDW - Get Free Report) last released its earnings results on Wednesday, May 7th. The information technology services provider reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.96 by $0.19. CDW had a return on equity of 55.42% and a net margin of 5.13%. The company had revenue of $5.20 billion during the quarter, compared to analyst estimates of $4.93 billion. During the same quarter in the prior year, the company earned $1.92 earnings per share. The company's revenue for the quarter was up 6.7% on a year-over-year basis. Research analysts forecast that CDW Co. will post 9.41 EPS for the current year.

CDW declared that its board has authorized a stock buyback plan on Wednesday, February 5th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the information technology services provider to repurchase up to 2.7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its shares are undervalued.

CDW Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 1.33%. CDW's payout ratio is presently 30.98%.

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.

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