One Wealth Advisors LLC Grows Stake in CDW Corporation (NASDAQ:CDW)

One Wealth Advisors LLC boosted its position in CDW Corporation (NASDAQ:CDW - Free Report) by 44.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,325 shares of the information technology services provider's stock after acquiring an additional 1,953 shares during the quarter. One Wealth Advisors LLC's holdings in CDW were worth $1,014,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. TD Private Client Wealth LLC grew its stake in shares of CDW by 30.3% in the first quarter. TD Private Client Wealth LLC now owns 310 shares of the information technology services provider's stock worth $50,000 after purchasing an additional 72 shares during the last quarter. GW&K Investment Management LLC raised its holdings in CDW by 78.9% in the 1st quarter. GW&K Investment Management LLC now owns 170 shares of the information technology services provider's stock worth $27,000 after acquiring an additional 75 shares during the last quarter. Benin Management CORP raised its stake in CDW by 2.5% during the 1st quarter. Benin Management CORP now owns 3,248 shares of the information technology services provider's stock valued at $521,000 after buying an additional 80 shares during the last quarter. GAMMA Investing LLC raised its stake in CDW by 4.0% during the 1st quarter. GAMMA Investing LLC now owns 2,098 shares of the information technology services provider's stock valued at $336,000 after buying an additional 81 shares during the last quarter. Finally, Quotient Wealth Partners LLC grew its position in shares of CDW by 6.6% during the 1st quarter. Quotient Wealth Partners LLC now owns 1,340 shares of the information technology services provider's stock valued at $215,000 after acquiring an additional 83 shares during the period. 93.15% of the stock is owned by institutional investors.

Insider Buying and Selling at CDW

In related 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 completion of the transaction, the insider owned 36,077 shares of the company's stock, valued at $6,887,099.30. This trade represents a 43.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Christine A. Leahy sold 40,917 shares of the firm'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 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 disclosure for this sale can be found here. Company insiders own 0.84% of the company's stock.

CDW Stock Up 0.2%

CDW traded up $0.31 during trading on Friday, hitting $181.14. The stock had a trading volume of 631,840 shares, compared to its average volume of 867,765. The company has a market capitalization of $23.85 billion, a PE ratio of 22.45, a PEG ratio of 3.04 and a beta of 0.93. CDW Corporation has a twelve month low of $137.31 and a twelve month high of $237.48. The company has a debt-to-equity ratio of 2.42, a quick ratio of 1.20 and a current ratio of 1.32. The stock has a 50 day simple moving average of $178.76 and a two-hundred day simple moving average of $175.93.

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

CDW Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 26th were issued 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 dividend yield of 1.38%. CDW's dividend payout ratio (DPR) is presently 30.98%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. 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. JPMorgan Chase & Co. upped their price objective on CDW from $185.00 to $205.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Citigroup raised their target price on shares of CDW from $180.00 to $200.00 and gave the stock a "neutral" rating in a research report on Friday, July 11th. Finally, Barclays reduced their target price on shares of CDW from $223.00 to $205.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $208.50.

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.