Diversified Trust Co Cuts Stake in CDW Corporation (NASDAQ:CDW)

Diversified Trust Co lessened its holdings in CDW Corporation (NASDAQ:CDW - Free Report) by 53.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,117 shares of the information technology services provider's stock after selling 4,666 shares during the period. Diversified Trust Co's holdings in CDW were worth $660,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CDW. Orion Capital Management LLC bought a new stake in shares of CDW in the 4th quarter worth about $30,000. OFI Invest Asset Management purchased a new stake in CDW during the fourth quarter valued at approximately $32,000. Parkside Financial Bank & Trust lifted its stake in shares of CDW by 38.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 207 shares of the information technology services provider's stock valued at $36,000 after purchasing an additional 58 shares during the last quarter. Optiver Holding B.V. boosted its holdings in shares of CDW by 107.2% in the 4th quarter. Optiver Holding B.V. now owns 230 shares of the information technology services provider's stock worth $40,000 after purchasing an additional 119 shares during the period. Finally, Golden State Wealth Management LLC boosted its holdings in shares of CDW by 237.2% in the 1st quarter. Golden State Wealth Management LLC now owns 263 shares of the information technology services provider's stock worth $42,000 after purchasing an additional 185 shares during the period. Hedge funds and other institutional investors own 93.15% of the company's stock.

CDW Stock Performance

CDW stock opened at $177.41 on Monday. 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 company has a market capitalization of $23.36 billion, a PE ratio of 21.98, a P/E/G ratio of 2.99 and a beta of 0.95. The company has a 50 day moving average price of $174.60 and a 200-day moving average price of $175.35. CDW Corporation has a fifty-two week low of $137.31 and a fifty-two week high of $241.26.

CDW (NASDAQ:CDW - Get Free Report) last released 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 return on equity of 54.90% and a net margin of 5.10%. The company had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $4.93 billion. During the same period last year, the business posted $1.92 EPS. CDW's quarterly revenue was up 6.7% on a year-over-year basis. As a group, equities analysts forecast that CDW Corporation will post 9.41 earnings per share for the current year.

CDW Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 26th were issued a $0.625 dividend. The ex-dividend date was Friday, May 23rd. This represents a $2.50 annualized dividend and a dividend yield of 1.41%. CDW's payout ratio is currently 30.98%.

Analysts Set New Price Targets

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

Insider Activity at CDW

In related news, insider Christine A. Leahy sold 40,917 shares of CDW 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 transaction, the insider now directly owns 144,931 shares of the company's stock, valued at $26,293,382.02. This trade represents a 22.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Frederick J. Kulevich sold 28,159 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was 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 now directly owns 36,077 shares of the company's stock, valued at $6,887,099.30. This trade represents a 43.84% decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by corporate insiders.

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.

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