CDW Corporation $CDW Stake Lifted by Farmers & Merchants Investments Inc.

Key Points

• Farmers & Merchants Investments increased its CDW stake by 72,415.6% in the third quarter, ending with 69,615 shares valued at approximately $8.9 million. Institutional investors collectively own 93.15% of CDW.
• Analysts maintain a favorable outlook, with CDW holding a consensus rating of “Moderate Buy” and an average price target of $150.12.
• CDW reported quarterly EPS of $2.91, beating estimates by $0.11, while revenue rose 10% year over year to $6.57 billion. The company also pays a quarterly dividend of $0.63, representing a 1.5% annualized yield.

Farmers & Merchants Investments Inc. increased its holdings in shares of CDW Corporation (NASDAQ:CDW - Free Report) by 72,415.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,615 shares of the information technology services provider's stock after purchasing an additional 69,519 shares during the period. Farmers & Merchants Investments Inc. owned 0.06% of CDW worth $8,922,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CDW. Union Savings Bank lifted its holdings in shares of CDW by 500.0% in the 3rd quarter. Union Savings Bank now owns 192 shares of the information technology services provider's stock valued at $25,000 after buying an additional 160 shares during the period. Allied Private Wealth LLC purchased a new position in CDW in the second quarter valued at about $28,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of CDW in the 2nd quarter worth approximately $28,000. Community Bank N.A. purchased a new position in CDW in the 2nd quarter valued at approximately $31,000. Finally, Hollencrest Capital Management boosted its position in CDW by 909.1% during the first quarter. Hollencrest Capital Management now owns 222 shares of the information technology services provider's stock worth $27,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

Wall Street Analyst Weigh In

CDW has been the topic of several recent research reports. Citigroup upped their price target on shares of CDW from $123.00 to $145.00 and gave the company a "neutral" rating in a report on Monday, July 13th. Weiss Ratings raised shares of CDW from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 25th. Barclays reduced their price objective on shares of CDW from $150.00 to $148.00 and set an "equal weight" rating on the stock in a research note on Monday, September 21st. Finally, Morgan Stanley boosted their price target on CDW from $170.00 to $171.00 and gave the company an "overweight" rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $150.12.

CDW Stock Up 0.3%

NASDAQ:CDW opened at $165.11 on Friday. The stock has a 50 day moving average of $144.83 and a 200-day moving average of $135.12. The firm has a market capitalization of $20.64 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 2.16 and a beta of 0.95. The company has a current ratio of 1.17, a quick ratio of 1.05 and a debt-to-equity ratio of 1.97. CDW Corporation has a 52 week low of $97.12 and a 52 week high of $166.15.

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

CDW Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Tuesday, August 25th were paid a $0.63 dividend. The ex-dividend date of this dividend was Tuesday, August 25th. This represents a $2.52 annualized dividend and a dividend yield of 1.5%. CDW's payout ratio is currently 30.29%.

Insider Activity at CDW

In related news, insider Elizabeth Connelly sold 26,695 shares of CDW stock in a transaction on Friday, August 7th. The stock was sold at an average price of $137.62, for a total value of $3,673,765.90. Following the transaction, the insider directly owned 34,215 shares in the company, valued at $4,708,668.30. The trade was a 43.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.82% of the company's stock.

CDW Company Profile

CDW Corporation NASDAQ: CDW is a provider of technology products and services for business, government, education and healthcare organizations. The company helps customers plan, procure, implement and manage information technology solutions from leading hardware, software and cloud vendors.

Its offerings include computers, servers, networking equipment, data-storage systems, cybersecurity products, collaboration tools, software licensing and cloud solutions. CDW also provides professional and managed services, including technology consulting, infrastructure deployment, cloud management, security support and lifecycle services.

Founded in 1984 as Computer Discount Warehouse, CDW serves customers primarily in the United States, Canada and the United Kingdom through sales teams, digital channels and technology partnerships.

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