Diversified Trust Co Has $660,000 Holdings in CDW Corporation (NASDAQ:CDW)

Diversified Trust Co reduced its position in shares of CDW Corporation (NASDAQ:CDW - Free Report) by 53.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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.

Several other institutional investors also recently modified their holdings of CDW. Oppenheimer & Co. Inc. boosted its holdings in shares of CDW by 41.5% in the fourth quarter. Oppenheimer & Co. Inc. now owns 2,389 shares of the information technology services provider's stock worth $416,000 after acquiring an additional 701 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of CDW by 38.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 207 shares of the information technology services provider's stock valued at $36,000 after acquiring an additional 58 shares during the last quarter. Metis Global Partners LLC increased its position in CDW by 5.1% during the 4th quarter. Metis Global Partners LLC now owns 4,516 shares of the information technology services provider's stock valued at $786,000 after purchasing an additional 221 shares during the period. Jacobi Capital Management LLC boosted its position in CDW by 4.5% during the 4th quarter. Jacobi Capital Management LLC now owns 1,428 shares of the information technology services provider's stock valued at $248,000 after acquiring an additional 61 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in CDW by 19.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 779 shares of the information technology services provider's stock worth $135,000 after purchasing an additional 129 shares during the period. 93.15% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Christine A. Leahy sold 40,917 shares of the firm's stock in a transaction dated 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 transaction, the insider owned 144,931 shares in the company, valued at approximately $26,293,382.02. This trade represents a 22.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Frederick J. Kulevich sold 28,159 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $190.90, for a total value of $5,375,553.10. Following the completion of the transaction, the insider directly owned 36,077 shares in the company, valued at $6,887,099.30. This represents a 43.84% decrease in their position. The disclosure for this sale can be found here. 0.84% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CDW has been the topic of a number of research analyst reports. UBS Group lowered their price target on CDW from $236.00 to $210.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Citigroup boosted their price target on shares of CDW from $160.00 to $180.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. dropped their price objective on CDW from $222.00 to $175.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Finally, Barclays reduced their price target 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. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, CDW currently has a consensus rating of "Hold" and a consensus price target of $208.71.

CDW Stock Down 0.4%

CDW stock traded down $0.79 during trading on Thursday, hitting $182.06. 494,454 shares of the company's stock were exchanged, compared to its average volume of 1,238,079. The company has a current ratio of 1.32, a quick ratio of 1.20 and a debt-to-equity ratio of 2.42. The business has a 50-day moving average price of $176.35 and a two-hundred day moving average price of $175.46. The stock has a market capitalization of $23.97 billion, a price-to-earnings ratio of 22.56, a PEG ratio of 3.05 and a beta of 0.93. CDW Corporation has a 52-week low of $137.31 and a 52-week high of $241.26.

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

CDW Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 26th were given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Friday, May 23rd. CDW's dividend payout ratio is currently 30.98%.

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.