Longview Partners Guernsey LTD Has $386.11 Million Holdings in CDW Corporation $CDW

Key Points

• Longview Partners Guernsey LTD reduced its holdings in CDW Corporation by 5.8%, owning 2,409,249 shares valued at approximately $386 million as of their latest SEC filing.
• Multiple institutional investors have increased their stakes in CDW, with significant boosts from firms like Coldstream Capital (up 11.5%) and Schonfeld Strategic Advisors (up 659.6%) during the last quarter.
• CDW's most recent earnings report revealed a revenue increase of 10.2% year-over-year, with earnings per share of $2.60, surpassing analyst estimates, and the company's dividend payout ratio stands at 31.06% with a yield of 1.5%.

Longview Partners Guernsey LTD trimmed its holdings in shares of CDW Corporation (NASDAQ:CDW - Free Report) by 5.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,409,249 shares of the information technology services provider's stock after selling 148,634 shares during the period. CDW comprises approximately 3.1% of Longview Partners Guernsey LTD's holdings, making the stock its 22nd biggest holding. Longview Partners Guernsey LTD owned 1.83% of CDW worth $386,106,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. GW&K Investment Management LLC boosted its holdings in shares of CDW by 78.9% in the 1st quarter. GW&K Investment Management LLC now owns 170 shares of the information technology services provider's stock valued at $27,000 after purchasing an additional 75 shares during the last quarter. Orion Capital Management LLC acquired a new position in shares of CDW in the 4th quarter valued at $30,000. Bayforest Capital Ltd acquired a new position in shares of CDW in the 1st quarter valued at $31,000. Pandora Wealth Inc. acquired a new position in shares of CDW in the 1st quarter valued at $32,000. Finally, Stone House Investment Management LLC acquired a new position in shares of CDW in the 1st quarter valued at $34,000. Institutional investors and hedge funds own 93.15% of the company's stock.

CDW Stock Performance

Shares of NASDAQ CDW traded down $1.11 during midday trading on Friday, hitting $164.76. The company's stock had a trading volume of 1,109,840 shares, compared to its average volume of 1,353,628. CDW Corporation has a 1-year low of $137.31 and a 1-year high of $230.86. The firm's fifty day moving average price is $173.43 and its 200-day moving average price is $171.60. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.22 and a current ratio of 1.35. The firm has a market cap of $21.59 billion, a P/E ratio of 20.47, a P/E/G ratio of 2.74 and a beta of 0.95.

CDW (NASDAQ:CDW - Get Free Report) last posted its quarterly 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 business had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.51 billion. CDW had a net margin of 4.92% and a return on equity of 53.63%. The company's quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.50 EPS. On average, sell-side analysts forecast that CDW Corporation will post 9.41 EPS for the current fiscal year.

CDW Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Monday, August 25th will be paid a $0.625 dividend. 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 is currently 31.06%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CDW shares. Barclays dropped their price target on shares of CDW from $205.00 to $176.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 7th. JPMorgan Chase & Co. lifted their price target on shares of CDW from $185.00 to $205.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. UBS Group dropped their target price on shares of CDW from $210.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, August 7th. Finally, Citigroup boosted their target price on shares of CDW from $180.00 to $200.00 and gave the stock a "neutral" rating in a research report on Friday, July 11th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $202.00.

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.