Czech National Bank Boosts Stock Position in CDW Co. (NASDAQ:CDW)

Czech National Bank boosted its holdings in shares of CDW Co. (NASDAQ:CDW - Free Report) by 5.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,608 shares of the information technology services provider's stock after acquiring an additional 1,713 shares during the period. Czech National Bank's holdings in CDW were worth $4,905,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Rhumbline Advisers raised its stake in CDW by 6.1% during the first quarter. Rhumbline Advisers now owns 273,080 shares of the information technology services provider's stock valued at $43,764,000 after buying an additional 15,590 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in shares of CDW by 6.8% during the first quarter. Fifth Third Wealth Advisors LLC now owns 1,315 shares of the information technology services provider's stock valued at $211,000 after acquiring an additional 84 shares in the last quarter. GAMMA Investing LLC raised its position in shares of CDW by 16,569.6% in the 1st quarter. GAMMA Investing LLC now owns 336,225 shares of the information technology services provider's stock worth $53,883,000 after purchasing an additional 334,208 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its stake in CDW by 2.6% in the 1st quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 13,049 shares of the information technology services provider's stock worth $2,091,000 after purchasing an additional 335 shares in the last quarter. Finally, Insight Wealth Strategies LLC boosted its stake in CDW by 4.1% in the 1st quarter. Insight Wealth Strategies LLC now owns 20,577 shares of the information technology services provider's stock worth $3,298,000 after purchasing an additional 805 shares in the last quarter. Institutional investors own 93.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CDW shares. Citigroup raised their price objective on shares of CDW from $160.00 to $180.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. UBS Group reduced their price target on shares of CDW from $236.00 to $210.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Barclays decreased their price objective 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. Morgan Stanley increased their target price on CDW from $193.00 to $201.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Finally, 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 note on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, CDW has an average rating of "Moderate Buy" and an average price target of $216.38.

CDW Stock Performance

Shares of CDW traded up $2.45 during mid-day trading on Friday, hitting $178.28. 317,455 shares of the company traded hands, compared to its average volume of 1,222,695. The stock has a market cap of $23.48 billion, a price-to-earnings ratio of 22.37, a P/E/G ratio of 3.21 and a beta of 0.95. The stock has a 50-day moving average price of $167.31 and a two-hundred day moving average price of $175.79. CDW Co. has a 1 year low of $137.31 and a 1 year high of $241.26. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.24 and a current ratio of 1.35.

CDW (NASDAQ:CDW - Get Free Report) last posted its earnings results on Wednesday, May 7th. The information technology services provider reported $2.15 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 the consensus estimate of $4.93 billion. CDW had a net margin of 5.13% and a return on equity of 55.42%. The firm's revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.92 EPS. Equities analysts anticipate that CDW Co. will post 9.41 earnings per share for the current year.

CDW Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 26th will be given a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date is Friday, May 23rd. CDW's dividend payout ratio (DPR) is presently 30.98%.

Insider Activity at CDW

In related news, insider Christine A. Leahy sold 40,917 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The shares were 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 directly owns 144,931 shares in the company, 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 the SEC website. Also, insider Frederick J. Kulevich sold 28,159 shares of the company'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 transaction of $5,375,553.10. Following the sale, the insider now directly owns 36,077 shares of the company's stock, valued at approximately $6,887,099.30. This represents 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.

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.