CDW Corporation (NASDAQ:CDW) Shares Purchased by Unison Asset Management LLC

Unison Asset Management LLC increased its position in shares of CDW Corporation (NASDAQ:CDW - Free Report) by 9.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,389 shares of the information technology services provider's stock after purchasing an additional 3,657 shares during the period. CDW accounts for 3.7% of Unison Asset Management LLC's portfolio, making the stock its 13th largest holding. Unison Asset Management LLC's holdings in CDW were worth $6,339,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CDW. Allworth Financial LP lifted its position in shares of CDW by 39.7% during the fourth quarter. Allworth Financial LP now owns 183 shares of the information technology services provider's stock valued at $32,000 after buying an additional 52 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in 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 acquiring an additional 58 shares during the period. Jacobi Capital Management LLC grew its position in CDW by 4.5% during the 4th quarter. Jacobi Capital Management LLC now owns 1,428 shares of the information technology services provider's stock worth $248,000 after purchasing an additional 61 shares during the period. Signaturefd LLC boosted its position in CDW by 2.7% in the 4th quarter. Signaturefd LLC now owns 2,706 shares of the information technology services provider's stock worth $471,000 after purchasing an additional 72 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in CDW by 16.4% during the fourth quarter. Global Retirement Partners LLC now owns 531 shares of the information technology services provider's stock worth $92,000 after buying an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

Insider Buying and Selling at CDW

In other news, insider Christine A. Leahy sold 40,917 shares of CDW stock in a transaction 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Frederick J. Kulevich sold 28,159 shares of the business's stock in a transaction 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 sale, the insider now owns 36,077 shares in the company, valued at $6,887,099.30. This represents a 43.84% 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 subject of several recent analyst reports. Barclays cut their price target on shares of CDW from $223.00 to $205.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. Citigroup lifted their target price on shares of CDW from $160.00 to $180.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. UBS Group dropped their target price on shares of CDW from $236.00 to $210.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. reduced their target price on shares of CDW from $222.00 to $175.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, CDW presently has a consensus rating of "Hold" and a consensus target price of $208.71.

CDW Stock Up 0.1%

NASDAQ CDW opened at $177.41 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.32 and a debt-to-equity ratio of 2.42. CDW Corporation has a 52 week low of $137.31 and a 52 week high of $241.26. The business's fifty day simple moving average is $174.60 and its 200-day simple moving average is $175.39. The firm has a market cap of $23.36 billion, a PE ratio of 21.98, a P/E/G ratio of 2.98 and a beta of 0.95.

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

CDW Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 26th were paid a dividend of $0.625 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.50 annualized dividend and a yield of 1.41%. CDW's dividend payout ratio (DPR) is 30.98%.

CDW Profile

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.