CDW Corporation $CDW Shares Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd raised its holdings in shares of CDW Corporation (NASDAQ:CDW - Free Report) by 1,136.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,502 shares of the information technology services provider's stock after purchasing an additional 42,742 shares during the quarter. WINTON GROUP Ltd's holdings in CDW were worth $6,540,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets grew its position in shares of CDW by 20.5% during the fourth quarter. BNP Paribas Financial Markets now owns 284,965 shares of the information technology services provider's stock worth $38,812,000 after buying an additional 48,547 shares in the last quarter. Kendall Capital Management acquired a new stake in CDW in the second quarter valued at $3,584,000. Pzena Investment Management LLC acquired a new stake in CDW in the second quarter valued at $371,135,000. Man Group plc bought a new position in CDW during the 2nd quarter valued at $1,262,000. Finally, Canada Pension Plan Investment Board acquired a new position in CDW during the 2nd quarter worth $1,295,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at CDW

In other news, insider Elizabeth Connelly sold 26,695 shares of the business's stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $137.62, for a total transaction of $3,673,765.90. Following the completion of the transaction, the insider directly owned 34,215 shares in the company, valued at approximately $4,708,668.30. The trade was a 43.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.82% of the company's stock.

CDW Price Performance

Shares of NASDAQ CDW opened at $142.37 on Thursday. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.17 and a quick ratio of 1.05. The firm has a market capitalization of $17.80 billion, a PE ratio of 17.11, a P/E/G ratio of 1.89 and a beta of 0.95. CDW Corporation has a 1-year low of $97.12 and a 1-year high of $171.55. The business's fifty day moving average price is $140.36 and its two-hundred day moving average price is $129.72.

CDW (NASDAQ:CDW - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The information technology services provider reported $2.91 EPS for the quarter, topping the consensus estimate of $2.80 by $0.11. CDW had a net margin of 4.60% and a return on equity of 50.61%. The business had revenue of $6.57 billion during the quarter, compared to analyst estimates of $6.21 billion. During the same quarter in the prior year, the firm earned $2.60 earnings per share. The company's quarterly revenue was up 10.0% on a year-over-year basis. On average, research analysts expect that CDW Corporation will post 10.33 EPS for the current year.

CDW Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Tuesday, August 25th will be paid a $0.63 dividend. The ex-dividend date is Tuesday, August 25th. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. CDW's dividend payout ratio (DPR) is presently 30.29%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Citigroup upped their target price on shares of CDW from $123.00 to $145.00 and gave the company a "neutral" rating in a research note on Monday, July 13th. Royal Bank Of Canada upgraded CDW to an "outperform" rating and set a $130.00 price objective on the stock in a research note on Wednesday, May 27th. Morgan Stanley lifted their target price on CDW from $170.00 to $171.00 and gave the stock an "overweight" rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. upgraded CDW from a "neutral" rating to an "overweight" rating and set a $130.00 price target for the company in a report on Wednesday, May 27th. Finally, Barclays raised their price objective on CDW from $123.00 to $150.00 and gave the stock an "equal weight" rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $150.38.

CDW Profile

CDW Corporation NASDAQ: CDW is a provider of technology products and services for businesses, government agencies, educational institutions and healthcare organizations. The company helps customers design, acquire, configure and manage information technology environments.

Its offerings include computers, servers, networking equipment, software, data storage, cybersecurity products, cloud solutions and collaboration tools. CDW also provides professional, managed and lifecycle services, including solution design, implementation, security support, cloud management and IT asset management.

Founded in 1984, CDW serves customers primarily in the United States, Canada and the United Kingdom through a combination of sales specialists, technology partners and digital commerce platforms.

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