1,546 Shares in CDW Corporation (NASDAQ:CDW) Purchased by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. purchased a new position in CDW Corporation (NASDAQ:CDW - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,546 shares of the information technology services provider's stock, valued at approximately $248,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Oppenheimer & Co. Inc. grew its stake in shares of CDW by 41.5% during the 4th quarter. Oppenheimer & Co. Inc. now owns 2,389 shares of the information technology services provider's stock worth $416,000 after purchasing an additional 701 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of CDW by 19.8% during the 4th 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. SRS Capital Advisors Inc. grew its stake in shares of CDW by 276.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 831 shares of the information technology services provider's stock worth $145,000 after purchasing an additional 610 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of CDW by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 796,858 shares of the information technology services provider's stock worth $138,685,000 after purchasing an additional 21,618 shares during the period. Finally, Proficio Capital Partners LLC grew its stake in shares of CDW by 5.5% during the 4th quarter. Proficio Capital Partners LLC now owns 3,948 shares of the information technology services provider's stock worth $687,000 after purchasing an additional 205 shares during the period. Institutional investors and hedge funds own 93.15% of the company's stock.

CDW Price Performance

CDW stock traded down $4.77 during midday trading on Monday, reaching $177.36. The stock had a trading volume of 737,504 shares, compared to its average volume of 1,240,382. The company's fifty day simple moving average is $177.67 and its 200 day simple moving average is $175.59. 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 company has a market cap of $23.35 billion, a price-to-earnings ratio of 21.98, a price-to-earnings-growth ratio of 3.07 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 quarterly earnings data on Wednesday, May 7th. The information technology services provider reported $2.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.96 by $0.19. The company had revenue of $5.20 billion for the quarter, compared to analyst estimates of $4.93 billion. CDW had a return on equity of 54.90% and a net margin of 5.10%. The firm's revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.92 EPS. As a group, sell-side analysts predict that CDW Corporation will post 9.41 earnings per share for the current fiscal year.

CDW Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 26th were paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date was Friday, May 23rd. CDW's dividend payout ratio (DPR) is presently 30.98%.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other CDW news, insider Frederick J. Kulevich sold 28,159 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $190.90, for a total value of $5,375,553.10. Following the completion of the sale, the insider directly owned 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $7,423,162.14. Following the completion of the sale, the insider directly owned 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 disclosure for this sale can be found here. 0.90% of the stock is owned by company insiders.

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.