Robeco Institutional Asset Management B.V. Has $3.86 Million Position in CDW Corporation (NASDAQ:CDW)

Robeco Institutional Asset Management B.V. lifted its position in shares of CDW Corporation (NASDAQ:CDW - Free Report) by 30.5% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 24,112 shares of the information technology services provider's stock after purchasing an additional 5,641 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in CDW were worth $3,864,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Orion Capital Management LLC acquired a new position in CDW in the 4th quarter worth $30,000. OFI Invest Asset Management purchased a new position in shares of CDW during the 4th quarter valued at approximately $32,000. Parkside Financial Bank & Trust boosted its stake in shares of CDW by 38.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 207 shares of the information technology services provider's stock valued at $36,000 after buying an additional 58 shares during the last quarter. Optiver Holding B.V. boosted its stake in shares of CDW by 107.2% during the 4th quarter. Optiver Holding B.V. now owns 230 shares of the information technology services provider's stock valued at $40,000 after buying an additional 119 shares during the last quarter. Finally, Golden State Wealth Management LLC boosted its stake in shares of CDW by 237.2% during the 1st quarter. Golden State Wealth Management LLC now owns 263 shares of the information technology services provider's stock valued at $42,000 after buying an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

Insider Transactions at CDW

In related news, insider Christine A. Leahy sold 40,917 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $181.42, for a total value of $7,423,162.14. Following the transaction, the insider directly owned 144,931 shares of the company's stock, valued at approximately $26,293,382.02. This trade represents a 22.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Frederick J. Kulevich sold 28,159 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $190.90, for a total value of $5,375,553.10. Following the completion of the transaction, the insider directly owned 36,077 shares in the company, valued at $6,887,099.30. The trade was a 43.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.84% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently commented on CDW. UBS Group reduced their target price on CDW from $236.00 to $210.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Citigroup increased their target price on CDW from $160.00 to $180.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. reduced their target price on CDW from $222.00 to $175.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Finally, Barclays reduced their target price on CDW from $223.00 to $205.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $208.71.

CDW Stock Up 0.9%

NASDAQ CDW traded up $1.68 during trading on Wednesday, reaching $182.84. 738,210 shares of the company's stock were exchanged, compared to its average volume of 1,241,053. CDW Corporation has a fifty-two week low of $137.31 and a fifty-two week high of $241.26. The company's fifty day simple moving average is $175.79 and its 200-day simple moving average is $175.41. The company has a current ratio of 1.32, a quick ratio of 1.20 and a debt-to-equity ratio of 2.42. The firm has a market capitalization of $24.08 billion, a PE ratio of 22.66, a P/E/G ratio of 3.05 and a beta of 0.93.

CDW (NASDAQ:CDW - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The information technology services provider reported $2.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.96 by $0.19. CDW had a return on equity of 54.90% and a net margin of 5.10%. The company had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $4.93 billion. During the same period last year, the business earned $1.92 EPS. The business's quarterly revenue was up 6.7% on a year-over-year basis. Sell-side analysts predict that CDW Corporation will post 9.41 EPS for the current year.

CDW Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, May 26th were paid a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Friday, May 23rd. CDW's dividend payout ratio (DPR) 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.