Unison Asset Management LLC Has $6.34 Million Holdings in CDW Corporation (NASDAQ:CDW)

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 the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 about 3.7% of Unison Asset Management LLC's investment 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 reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CDW. Orion Capital Management LLC bought a new position in shares of CDW during the 4th quarter valued at about $30,000. Allworth Financial LP boosted its holdings in CDW by 39.7% during the fourth quarter. Allworth Financial LP now owns 183 shares of the information technology services provider's stock worth $32,000 after buying an additional 52 shares in the last quarter. OFI Invest Asset Management acquired a new position in CDW in the fourth quarter worth approximately $32,000. Parkside Financial Bank & Trust grew its position in CDW by 38.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 207 shares of the information technology services provider's stock worth $36,000 after buying an additional 58 shares during the last quarter. Finally, Optiver Holding B.V. increased its holdings in shares of CDW by 107.2% in the fourth 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 in the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Frederick J. Kulevich sold 28,159 shares of the firm's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $190.90, for a total transaction of $5,375,553.10. Following the transaction, the insider now owns 36,077 shares in the company, valued at approximately $6,887,099.30. This trade represents a 43.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christine A. Leahy sold 40,917 shares of the company's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $181.42, for a total transaction of $7,423,162.14. Following the completion of the sale, the insider now owns 144,931 shares of the company's stock, valued at $26,293,382.02. This represents a 22.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.90% of the stock is owned by corporate insiders.

CDW Stock Up 3.5%

NASDAQ CDW traded up $6.07 during trading on Tuesday, reaching $179.84. 1,332,854 shares of the company's stock were exchanged, compared to its average volume of 1,238,634. The company has a current ratio of 1.32, a quick ratio of 1.20 and a debt-to-equity ratio of 2.42. 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 $172.41 and its 200-day simple moving average is $175.39. The firm has a market capitalization of $23.68 billion, a PE ratio of 22.29, a P/E/G ratio of 2.87 and a beta of 0.95.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.96 by $0.19. The business had revenue of $5.20 billion during 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%. The firm's revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.92 earnings per share. Sell-side analysts predict that CDW Corporation will post 9.41 EPS for the current year.

CDW Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, May 26th were paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Friday, May 23rd. CDW's dividend payout ratio (DPR) is presently 30.98%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. UBS Group decreased their target price on CDW from $236.00 to $210.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. JPMorgan Chase & Co. decreased their price target on CDW from $222.00 to $175.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Barclays cut their price objective on CDW from $223.00 to $205.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Finally, Citigroup raised their target price on shares of CDW from $160.00 to $180.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, CDW has an average rating of "Hold" and a consensus price target of $208.71.

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.