Exencial Wealth Advisors LLC Has $11.60 Million Stock Holdings in CDW Corporation (NASDAQ:CDW)

Key Points

• Exencial Wealth Advisors LLC increased its stake in CDW Corporation by 43.4%, owning approximately 72,385 shares valued at $11.6 million as of its latest SEC filing.
• Several institutional investors, including Vanguard Group and ING Groep NV, also made significant changes to their positions in CDW during the first quarter of the year, highlighting growing interest in the stock.
• CDW Corporation reported $2.15 earnings per share for the last quarter, exceeding expectations and showing a 6.7% increase in year-over-year revenue.

Exencial Wealth Advisors LLC raised its holdings in shares of CDW Corporation (NASDAQ:CDW - Free Report) by 43.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,385 shares of the information technology services provider's stock after buying an additional 21,911 shares during the period. Exencial Wealth Advisors LLC owned about 0.05% of CDW worth $11,600,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CDW. World Investment Advisors grew its stake in shares of CDW by 5.2% during the fourth quarter. World Investment Advisors now owns 1,847 shares of the information technology services provider's stock valued at $321,000 after acquiring an additional 91 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new position in shares of CDW during the 4th quarter valued at approximately $6,889,000. Aviva PLC grew its position in shares of CDW by 1,447.5% during the fourth quarter. Aviva PLC now owns 80,469 shares of the information technology services provider's stock worth $14,005,000 after buying an additional 75,269 shares in the last quarter. Wedbush Securities Inc. raised its holdings in CDW by 50.5% in the fourth quarter. Wedbush Securities Inc. now owns 2,047 shares of the information technology services provider's stock valued at $356,000 after acquiring an additional 687 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in CDW by 11.8% during the 4th quarter. Russell Investments Group Ltd. now owns 70,623 shares of the information technology services provider's stock valued at $12,276,000 after acquiring an additional 7,469 shares during the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on CDW from $185.00 to $205.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. UBS Group dropped their price target on shares of CDW from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday. Citigroup boosted their price objective on CDW from $180.00 to $200.00 and gave the stock a "neutral" rating in a research report on Friday, July 11th. Finally, Barclays lowered their target price on CDW from $205.00 to $176.00 and set an "equal weight" rating on the stock in a research report on Thursday. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $202.00.

CDW Stock Performance

Shares of NASDAQ:CDW traded up $1.04 during midday trading on Friday, hitting $162.92. The company's stock had a trading volume of 1,066,641 shares, compared to its average volume of 1,080,320. CDW Corporation has a fifty-two week low of $137.31 and a fifty-two week high of $231.38. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.20 and a current ratio of 1.35. The stock has a market capitalization of $21.45 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 2.72 and a beta of 0.95. The stock's 50 day simple moving average is $176.17 and its 200 day simple moving average is $174.95.

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

CDW Dividend Announcement

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

Insider Activity at CDW

In related news, insider Frederick J. Kulevich sold 28,159 shares of the firm'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 owned 36,077 shares in the company, valued at $6,887,099.30. This trade represents a 43.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.84% of the company's stock.

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.