Hengehold Capital Management LLC Raises Stock Holdings in CDW Corporation (NASDAQ:CDW)

Hengehold Capital Management LLC boosted its stake in CDW Corporation (NASDAQ:CDW - Free Report) by 128.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,033 shares of the information technology services provider's stock after buying an additional 1,705 shares during the quarter. Hengehold Capital Management LLC's holdings in CDW were worth $486,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Vaughan Nelson Investment Management L.P. increased its holdings in CDW by 32.6% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 170,773 shares of the information technology services provider's stock worth $27,369,000 after buying an additional 41,940 shares during the last quarter. Opal Wealth Advisors LLC raised its stake in CDW by 14.8% in the 1st quarter. Opal Wealth Advisors LLC now owns 1,482 shares of the information technology services provider's stock valued at $238,000 after acquiring an additional 191 shares during the period. Hennessy Advisors Inc. purchased a new stake in CDW during the first quarter valued at about $2,432,000. Wealth Enhancement Advisory Services LLC lifted its holdings in CDW by 7.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,826 shares of the information technology services provider's stock valued at $2,055,000 after purchasing an additional 858 shares during the last quarter. Finally, Net Worth Advisory Group bought a new position in CDW during the first quarter worth about $254,000. 93.15% of the stock is currently owned by institutional investors.

CDW Price Performance

NASDAQ CDW traded down $0.80 during trading on Wednesday, reaching $170.00. The company's stock had a trading volume of 1,238,269 shares, compared to its average volume of 1,407,253. The firm has a fifty day moving average of $170.85 and a 200 day moving average of $175.65. CDW Corporation has a one year low of $137.31 and a one year high of $241.26. The stock has a market capitalization of $22.39 billion, a PE ratio of 21.07, a P/E/G ratio of 2.90 and a beta of 0.95. The company has a debt-to-equity ratio of 2.42, a current ratio of 1.32 and a quick ratio of 1.20.

CDW (NASDAQ:CDW - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The information technology services provider reported $2.15 EPS for the quarter, beating 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 firm had revenue of $5.20 billion for the quarter, compared to analyst estimates of $4.93 billion. During the same period in the prior year, the company earned $1.92 EPS. The company's revenue was up 6.7% on a year-over-year basis. Analysts expect that CDW Corporation will post 9.41 EPS for the current fiscal year.

CDW Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 26th were paid a $0.625 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.50 annualized dividend and a dividend yield of 1.47%. CDW's payout ratio is presently 30.98%.

Insider Activity at CDW

In other CDW news, insider Christine A. Leahy sold 40,917 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was 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 now owns 144,931 shares of the company's stock, valued at approximately $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 can be accessed through this link. Also, insider Frederick J. Kulevich sold 28,159 shares of the firm's stock in a transaction that occurred 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 transaction, the insider now directly owns 36,077 shares of the company's stock, valued at approximately $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 owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.