CDW Corporation $CDW Shares Sold by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP sold 2,008 shares of CDW Corporation, reducing its stake by 0.1%, and now holds approximately 1.02% of the company valued at $216 million.
• Several other institutional investors have increased their positions in CDW, with a total of 93.15% of the shares currently owned by institutional investors.
• Analysts have mixed ratings on CDW, with an average price target of $202 and ratings ranging from "buy" to "equal weight," indicating varied confidence in the stock's future performance.

Dimensional Fund Advisors LP cut its holdings in CDW Corporation (NASDAQ:CDW - Free Report) by 0.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,348,157 shares of the information technology services provider's stock after selling 2,008 shares during the period. Dimensional Fund Advisors LP owned about 1.02% of CDW worth $216,055,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of CDW by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 16,746,334 shares of the information technology services provider's stock worth $2,683,767,000 after buying an additional 72,550 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in CDW by 15.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,792,934 shares of the information technology services provider's stock valued at $447,596,000 after purchasing an additional 378,841 shares in the last quarter. Invesco Ltd. lifted its holdings in CDW by 1.9% in the 1st quarter. Invesco Ltd. now owns 2,471,963 shares of the information technology services provider's stock valued at $396,157,000 after purchasing an additional 45,217 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its holdings in CDW by 906.9% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,024,887 shares of the information technology services provider's stock valued at $352,411,000 after purchasing an additional 1,823,788 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in CDW by 10.8% in the 4th quarter. Janus Henderson Group PLC now owns 1,624,344 shares of the information technology services provider's stock valued at $282,701,000 after purchasing an additional 157,747 shares in the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CDW has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their target price on shares of CDW from $185.00 to $205.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Citigroup upped their target price on shares of CDW from $180.00 to $200.00 and gave the company a "neutral" rating in a report on Friday, July 11th. Barclays reduced their target price on shares of CDW from $205.00 to $176.00 and set an "equal weight" rating on the stock in a report on Thursday, August 7th. Finally, UBS Group cut their price objective on shares of CDW from $210.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, August 7th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $202.00.

CDW Trading Up 1.7%

CDW traded up $2.82 on Friday, reaching $167.00. 1,576,479 shares of the company's stock were exchanged, compared to its average volume of 1,231,103. The company's 50 day moving average is $173.99 and its 200-day moving average is $172.79. The company has a market cap of $21.89 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 2.73 and a beta of 0.95. CDW Corporation has a twelve month low of $137.31 and a twelve month high of $231.38. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.22 and a current ratio of 1.35.

CDW (NASDAQ:CDW - Get Free Report) last posted its earnings results on Wednesday, August 6th. The information technology services provider reported $2.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.49 by $0.11. The firm had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $5.51 billion. CDW had a net margin of 4.92% and a return on equity of 53.63%. The company's revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.50 EPS. Equities analysts predict that CDW Corporation will post 9.41 earnings per share for the current year.

CDW Announces Dividend

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 paid a dividend of $0.625 per share. The ex-dividend date is Monday, August 25th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.5%. CDW's dividend payout ratio (DPR) is currently 31.06%.

CDW Company 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.