CDW Corporation (NASDAQ:CDW) Shares Bought by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. increased its position in CDW Corporation (NASDAQ:CDW - Free Report) by 41.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 229,000 shares of the information technology services provider's stock after acquiring an additional 67,000 shares during the quarter. Schwartz Investment Counsel Inc. owned about 0.17% of CDW worth $36,700,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Orion Capital Management LLC purchased a new stake in CDW during the 4th quarter valued at approximately $30,000. OFI Invest Asset Management bought a new position in shares of CDW during the 4th quarter valued at approximately $32,000. Parkside Financial Bank & Trust grew its holdings in shares of CDW by 38.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 207 shares of the information technology services provider's stock valued at $36,000 after purchasing an additional 58 shares in the last quarter. Optiver Holding B.V. raised its stake in CDW by 107.2% during the fourth quarter. Optiver Holding B.V. now owns 230 shares of the information technology services provider's stock valued at $40,000 after purchasing an additional 119 shares in the last quarter. Finally, Golden State Wealth Management LLC lifted its position in CDW by 237.2% during the first quarter. Golden State Wealth Management LLC now owns 263 shares of the information technology services provider's stock valued at $42,000 after purchasing an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

Insider Buying and Selling

In other news, insider Frederick J. Kulevich sold 28,159 shares of the firm's stock in a transaction dated 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 sale, the insider directly owned 36,077 shares in the company, valued at approximately $6,887,099.30. This trade represents a 43.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christine A. Leahy sold 40,917 shares of CDW stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $181.42, for a total transaction of $7,423,162.14. Following the completion of the transaction, the insider directly owned 144,931 shares in the company, valued at approximately $26,293,382.02. The trade was a 22.02% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.90% of the company's stock.

CDW Stock Up 1.4%

Shares of CDW stock traded up $2.57 during mid-day trading on Tuesday, hitting $181.16. The stock had a trading volume of 954,417 shares, compared to its average volume of 1,240,766. CDW Corporation has a 12-month low of $137.31 and a 12-month high of $241.26. 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's 50-day moving average is $175.21 and its two-hundred day moving average is $175.37. The firm has a market capitalization of $23.86 billion, a P/E ratio of 22.45, a price-to-earnings-growth ratio of 2.99 and a beta of 0.95.

CDW (NASDAQ:CDW - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The information technology services provider reported $2.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.96 by $0.19. The company had revenue of $5.20 billion during the quarter, compared to analyst estimates of $4.93 billion. CDW had a net margin of 5.10% and a return on equity of 54.90%. The firm's revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.92 earnings per share. On average, analysts predict that CDW Corporation will post 9.41 earnings per share for the current fiscal year.

CDW Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 26th were issued a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 1.38%. The ex-dividend date was Friday, May 23rd. CDW's payout ratio is 30.98%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CDW shares. Citigroup increased their price target on shares of CDW from $160.00 to $180.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. UBS Group reduced their target price on shares of CDW from $236.00 to $210.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. JPMorgan Chase & Co. cut their price target on shares of CDW from $222.00 to $175.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Finally, Barclays decreased their price objective on shares of CDW from $223.00 to $205.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $208.71.

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.