Mondrian Investment Partners LTD boosted its holdings in CDW Corporation (NASDAQ:CDW - Free Report) by 10.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 762,624 shares of the information technology services provider's stock after buying an additional 69,449 shares during the quarter. CDW accounts for about 2.1% of Mondrian Investment Partners LTD's investment portfolio, making the stock its 20th largest position. Mondrian Investment Partners LTD owned approximately 0.58% of CDW worth $122,218,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently modified their holdings of the company. GW&K Investment Management LLC lifted its stake 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 stake in shares of CDW in the fourth quarter worth about $30,000. Bayforest Capital Ltd acquired a new stake in shares of CDW in the first quarter worth about $31,000. Pandora Wealth Inc. acquired a new position in shares of CDW during the 1st quarter valued at about $32,000. Finally, Stone House Investment Management LLC bought a new position in shares of CDW in the 1st quarter valued at approximately $34,000. Institutional investors and hedge funds own 93.15% of the company's stock.
CDW Stock Performance
Shares of CDW stock traded down $2.33 during midday trading on Friday, hitting $163.76. The company had a trading volume of 1,829,428 shares, compared to its average volume of 1,336,153. The business's 50 day simple moving average is $175.19 and its two-hundred day simple moving average is $174.10. The stock has a market cap of $21.46 billion, a PE ratio of 20.34, a P/E/G ratio of 2.81 and a beta of 0.95. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.35 and a quick ratio of 1.22. CDW Corporation has a 1-year low of $137.31 and a 1-year high of $231.38.
CDW (NASDAQ:CDW - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The information technology services provider reported $2.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.11. The business had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.51 billion. CDW had a net margin of 4.92% and a return on equity of 53.63%. CDW's quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the company posted $2.50 earnings per share. As a group, equities analysts predict that CDW Corporation will post 9.41 EPS for the current fiscal year.
CDW Announces Dividend
The business also recently disclosed 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. The ex-dividend date is Monday, August 25th. This represents a $2.50 annualized dividend and a dividend yield of 1.5%. CDW's dividend payout ratio (DPR) is presently 31.06%.
Analysts Set New Price Targets
A number of research firms have recently commented on CDW. 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 report on Thursday, August 7th. Citigroup lifted their target price on shares of CDW from $180.00 to $200.00 and gave the stock a "neutral" rating in a report on Friday, July 11th. JPMorgan Chase & Co. upped their price target on shares of CDW from $185.00 to $205.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Finally, UBS Group dropped their price objective on CDW from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, August 7th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $202.00.
View Our Latest Research Report on CDW
CDW Profile
(
Free Report)
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.
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