Deutsche Bank AG increased its holdings in shares of CDW Corporation (NASDAQ:CDW - Free Report) by 6.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 568,454 shares of the information technology services provider's stock after acquiring an additional 33,247 shares during the period. Deutsche Bank AG owned approximately 0.43% of CDW worth $91,100,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of CDW. Charles Schwab Investment Management Inc. boosted its stake in shares of CDW by 2.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 819,042 shares of the information technology services provider's stock valued at $131,260,000 after acquiring an additional 22,184 shares during the last quarter. ASR Vermogensbeheer N.V. acquired a new stake in shares of CDW during the first quarter valued at $20,895,000. Exencial Wealth Advisors LLC boosted its stake in shares of CDW by 43.4% during the first quarter. Exencial Wealth Advisors LLC now owns 72,385 shares of the information technology services provider's stock valued at $11,600,000 after acquiring an additional 21,911 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of CDW by 0.4% during the first quarter. Vanguard Group Inc. now owns 16,746,334 shares of the information technology services provider's stock valued at $2,683,767,000 after acquiring an additional 72,550 shares during the last quarter. Finally, Westwood Holdings Group Inc. acquired a new stake in shares of CDW during the first quarter valued at $3,210,000. Institutional investors and hedge funds own 93.15% of the company's stock.
Analyst Ratings Changes
A number of analysts recently commented on the company. Citigroup increased their price objective on CDW from $180.00 to $200.00 and gave the company a "neutral" rating in a research note on Friday, July 11th. JPMorgan Chase & Co. increased their price objective on CDW from $185.00 to $205.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Barclays decreased their price target on CDW from $205.00 to $176.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 7th. Finally, UBS Group decreased their price target on CDW from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, August 7th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $202.00.
Read Our Latest Stock Analysis on CDW
CDW Trading Up 2.1%
NASDAQ:CDW traded up $3.42 during mid-day trading on Wednesday, reaching $167.48. The company's stock had a trading volume of 1,179,902 shares, compared to its average volume of 1,333,929. The company's fifty day simple moving average is $175.57 and its two-hundred day simple moving average is $174.34. The stock has a market cap of $21.95 billion, a P/E ratio of 20.80, a P/E/G ratio of 2.69 and a beta of 0.95. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.35 and a quick ratio of 1.22. CDW Corporation has a twelve month low of $137.31 and a twelve month high of $231.38.
CDW (NASDAQ:CDW - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The information technology services provider reported $2.60 EPS for the quarter, topping analysts' consensus estimates of $2.49 by $0.11. The company had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.51 billion. CDW had a return on equity of 53.63% and a net margin of 4.92%. The company's quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the business posted $2.50 EPS. On average, equities analysts predict that CDW Corporation will post 9.41 EPS for the current year.
CDW Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Monday, August 25th will be issued a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, August 25th. CDW's dividend payout ratio (DPR) is 31.06%.
About CDW
(
Free Report)
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.
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