CDW Corporation $CDW Stock Bought by Yousif Capital Management LLC

Key Points

• Yousif Capital Management increased its CDW stake by 585.6% in the third quarter, adding 100,017 shares to own 117,095 shares valued at approximately $15 million. Institutional investors collectively own 93.15% of CDW.
• CDW reported quarterly EPS of $2.91, beating estimates of $2.80, while revenue reached $6.57 billion and rose 10% year over year. The company also pays a quarterly dividend of $0.63 per share, yielding about 1.5% annually.
• CDW shares recently traded near their 52-week high at $165.11, above their 50-day and 200-day moving averages. Analysts maintain a “Moderate Buy” consensus, with an average price target of $150.12, while an insider recently sold 26,695 shares.

Yousif Capital Management LLC grew its holdings in CDW Corporation (NASDAQ:CDW - Free Report) by 585.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 117,095 shares of the information technology services provider's stock after purchasing an additional 100,017 shares during the period. Yousif Capital Management LLC owned about 0.09% of CDW worth $15,007,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CDW. Parkside Financial Bank & Trust grew its position in CDW by 48.1% in the second quarter. Parkside Financial Bank & Trust now owns 268 shares of the information technology services provider's stock valued at $38,000 after purchasing an additional 87 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in shares of CDW by 2.8% during the 3rd quarter. V Square Quantitative Management LLC now owns 3,252 shares of the information technology services provider's stock worth $417,000 after buying an additional 89 shares during the last quarter. Root Financial Partners LLC boosted its stake in shares of CDW by 54.7% during the 1st quarter. Root Financial Partners LLC now owns 263 shares of the information technology services provider's stock worth $32,000 after buying an additional 93 shares during the last quarter. CX Institutional boosted its stake in shares of CDW by 4.0% during the 3rd quarter. CX Institutional now owns 2,585 shares of the information technology services provider's stock worth $331,000 after buying an additional 99 shares during the last quarter. Finally, Studio Investment Management LLC grew its holdings in shares of CDW by 6.0% in the 2nd quarter. Studio Investment Management LLC now owns 2,667 shares of the information technology services provider's stock valued at $375,000 after acquiring an additional 150 shares in the last quarter. Institutional investors own 93.15% of the company's stock.

CDW Stock Performance

CDW stock traded up $0.49 during trading hours on Friday, reaching $165.11. The stock had a trading volume of 1,678,601 shares, compared to its average volume of 1,470,009. The stock has a 50-day simple moving average of $144.83 and a 200 day simple moving average of $135.12. CDW Corporation has a fifty-two week low of $97.12 and a fifty-two week high of $166.15. The stock 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 debt-to-equity ratio of 1.97, a current ratio of 1.17 and a quick ratio of 1.05.

CDW (NASDAQ:CDW - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The information technology services provider reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.11. The company had revenue of $6.57 billion for 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 for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.60 EPS. Analysts predict that CDW Corporation will post 10.33 EPS for the current fiscal year.

CDW Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Tuesday, August 25th were issued a dividend of $0.63 per share. The ex-dividend date was Tuesday, August 25th. This represents a $2.52 dividend on an annualized basis and a yield of 1.5%. CDW's dividend payout ratio (DPR) is presently 30.29%.

Insider Buying and Selling

In other CDW 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 transaction, the insider owned 34,215 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.82% of the company's stock.

Analyst Ratings Changes

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

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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