Nykredit A S Invests $6.54 Million in CDW Corporation $CDW

Key Points

• Nykredit A/S purchased 46,531 CDW shares worth approximately $6.54 million during the second quarter, joining several major institutions that initiated or expanded positions. Institutional investors now own 93.15% of CDW.
• CDW exceeded quarterly expectations, reporting EPS of $2.91 versus the $2.80 consensus and revenue of $6.57 billion, up 10% year over year. The company also declared a $0.63 quarterly dividend, implying a 1.7% yield.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $147, while CDW’s planned $525 million acquisition of Lovelytics could strengthen its AI and data-services strategy but adds integration risk.

Nykredit A S bought a new position in CDW Corporation (NASDAQ:CDW - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 46,531 shares of the information technology services provider's stock, valued at approximately $6,544,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. acquired a new position in CDW in the second quarter valued at approximately $2,143,082,000. Pzena Investment Management LLC purchased a new position in CDW during the 2nd quarter valued at about $371,135,000. Jupiter Topco LLC purchased a new position in shares of CDW in the second quarter valued at approximately $300,073,000. Bank of America Corp DE purchased a new position in CDW in the 2nd quarter valued at approximately $255,058,000. Finally, Alyeska Investment Group L.P. boosted its holdings in CDW by 197.1% in the second quarter. Alyeska Investment Group L.P. now owns 1,854,952 shares of the information technology services provider's stock valued at $260,880,000 after purchasing an additional 1,230,517 shares during the period. Institutional investors and hedge funds own 93.15% of the company's stock.

Insider Buying and Selling

In other CDW news, insider Elizabeth Connelly sold 26,695 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $137.62, for a total transaction of $3,673,765.90. Following the transaction, the insider owned 34,215 shares of the company's stock, valued at $4,708,668.30. This represents a 43.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.82% of the company's stock.

CDW Price Performance

Shares of NASDAQ CDW opened at $152.38 on Monday. The company has a current ratio of 1.17, a quick ratio of 1.05 and a debt-to-equity ratio of 1.97. The company's 50-day moving average price is $139.96 and its 200 day moving average price is $129.25. CDW Corporation has a 52 week low of $97.12 and a 52 week high of $171.55. The stock has a market cap of $19.05 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 2.00 and a beta of 0.95.

CDW (NASDAQ:CDW - Get Free Report) last posted its earnings results on Wednesday, August 5th. The information technology services provider reported $2.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.80 by $0.11. CDW had a return on equity of 50.61% and a net margin of 4.60%.The firm had revenue of $6.57 billion for the quarter, compared to analyst estimates of $6.21 billion. During the same quarter in the prior year, the company earned $2.60 EPS. CDW's revenue was up 10.0% on a year-over-year basis. As a group, research analysts forecast that CDW Corporation will post 10.33 earnings per share for the current fiscal year.

CDW Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Tuesday, August 25th will be issued a dividend of $0.63 per share. The ex-dividend date is Tuesday, August 25th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.7%. CDW's payout ratio is 30.29%.

More CDW News

Here are the key news stories impacting CDW this week:

• Positive Sentiment: AI-services acquisition strengthens growth strategy: CDW agreed to acquire Lovelytics, a data and AI services firm, for approximately $525 million. The deal is intended to expand CDW’s capabilities in data analytics, artificial intelligence and related consulting services, potentially increasing its exposure to customers investing in AI transformation. CDW Agrees to Acquire Lovelytics CDW To Acquire Lovelytics For Approximately $525 Million
• Positive Sentiment: Broader AI demand may support CDW: Coverage of CDW’s expanding AI expertise, along with articles discussing agentic AI adoption in K–12 IT departments and preparations by federal agencies for AI disruption, points to growing demand for AI implementation and support services across public-sector and enterprise customers. CDW Expands AI Expertise How Agentic AI Can Supplement K–12 IT Help Desks
• Positive Sentiment: Analyst sentiment remains constructive: CDW received a consensus “Moderate Buy” rating, while a Zacks review notes the stock’s strong performance since its latest earnings report. The previous quarter also featured earnings and revenue above consensus estimates, reinforcing the favorable backdrop. CDW Receives Consensus Moderate Buy Rating Why Is CDW Up Since Its Last Earnings Report?
• Negative Sentiment: Deal execution is the main risk: The roughly $525 million Lovelytics purchase increases CDW’s capital commitment and introduces integration risk. Investors will likely watch the transaction’s funding, timing and contribution to revenue and earnings before assigning greater value to the AI strategy. CDW To Acquire Lovelytics To Expand Data And AI Services

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of CDW from a "neutral" rating to an "overweight" rating and set a $130.00 price target for the company in a research note on Wednesday, May 27th. Citigroup upped their target price on CDW from $123.00 to $145.00 and gave the company a "neutral" rating in a research report on Monday, July 13th. Morgan Stanley raised their price objective on shares of CDW from $170.00 to $171.00 and gave the stock an "overweight" rating in a research report on Thursday, August 6th. Weiss Ratings upgraded CDW from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 25th. Finally, Royal Bank Of Canada raised shares of CDW to an "outperform" rating and set a $130.00 target price on the stock in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $147.00.

CDW Profile

CDW NASDAQ: CDW is a leading provider of information technology products and integrated solutions for business, government, education and healthcare customers. The company sources and resells hardware and software from major technology vendors and packages those products with professional services, managed services and lifecycle support. Its offerings span IT infrastructure, cloud and data center solutions, cybersecurity, networking, unified communications, endpoint devices, and software licensing and procurement services designed to simplify IT operations for customers.

CDW combines a broad product portfolio with consultative sales, implementation and technical support capabilities.

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