Natixis Advisors LLC boosted its stake in shares of CDW Corporation (NASDAQ:CDW - Free Report) by 15.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 340,889 shares of the information technology services provider's stock after purchasing an additional 46,049 shares during the period. Natixis Advisors LLC owned 0.26% of CDW worth $54,631,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the stock. Vestcor Inc boosted its position in CDW by 1.8% during the first quarter. Vestcor Inc now owns 4,068 shares of the information technology services provider's stock valued at $652,000 after purchasing an additional 71 shares during the last quarter. TD Private Client Wealth LLC boosted its position in CDW by 30.3% during the first quarter. TD Private Client Wealth LLC now owns 310 shares of the information technology services provider's stock valued at $50,000 after purchasing an additional 72 shares during the last quarter. GW&K Investment Management LLC lifted its position in shares of CDW by 78.9% in the first quarter. GW&K Investment Management LLC now owns 170 shares of the information technology services provider's stock valued at $27,000 after buying an additional 75 shares during the last quarter. Benin Management CORP lifted its position in shares of CDW by 2.5% in the first quarter. Benin Management CORP now owns 3,248 shares of the information technology services provider's stock valued at $521,000 after buying an additional 80 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of CDW by 4.0% in the first quarter. GAMMA Investing LLC now owns 2,098 shares of the information technology services provider's stock valued at $336,000 after buying an additional 81 shares during the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms have recently issued reports on CDW. Barclays cut their price objective on CDW from $223.00 to $205.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. UBS Group cut their price objective on CDW from $236.00 to $210.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Citigroup lifted their price target on CDW from $180.00 to $200.00 and gave the stock a "neutral" rating in a report on Friday, July 11th. Finally, JPMorgan Chase & Co. lifted their price target on CDW from $185.00 to $205.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $208.50.
Check Out Our Latest Stock Analysis on CDW
Insider Buying and Selling at CDW
In other news, insider Christine A. Leahy sold 40,917 shares of CDW 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 transaction, the insider owned 144,931 shares in the company, valued at approximately $26,293,382.02. This trade represents a 22.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Frederick J. Kulevich sold 28,159 shares of CDW stock in a transaction 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 completion of the transaction, the insider owned 36,077 shares in the company, valued at approximately $6,887,099.30. The trade was a 43.84% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.84% of the company's stock.
CDW Price Performance
CDW stock traded down $5.52 during mid-day trading on Friday, reaching $168.86. 1,165,055 shares of the company were exchanged, compared to its average volume of 776,780. The company has a fifty day simple moving average of $177.88 and a 200-day simple moving average of $175.75. CDW Corporation has a 12 month low of $137.31 and a 12 month high of $231.38. The company has a debt-to-equity ratio of 2.42, a current ratio of 1.32 and a quick ratio of 1.20. The firm has a market cap of $22.24 billion, a PE ratio of 20.92, a PEG ratio of 2.93 and a beta of 0.95.
CDW (NASDAQ:CDW - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The information technology services provider reported $2.15 earnings per share (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 company had revenue of $5.20 billion for the quarter, compared to analyst estimates of $4.93 billion. During the same quarter last year, the company posted $1.92 EPS. The company's revenue for the quarter was up 6.7% compared to the same quarter last year. As a group, equities research analysts expect that CDW Corporation will post 9.41 earnings per share for the current fiscal year.
CDW Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, May 26th were paid a $0.625 dividend. The ex-dividend date was Friday, May 23rd. This represents a $2.50 annualized dividend and a dividend yield of 1.5%. CDW's dividend payout ratio (DPR) is presently 30.98%.
About CDW
(
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.
Recommended Stories

Before you consider CDW, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CDW wasn't on the list.
While CDW currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.