TD Private Client Wealth LLC Purchases 2,422 Shares of CDW Corporation $CDW

Key Points

• TD Private Client Wealth LLC increased its stake in CDW Corporation by 781.3%, acquiring an additional 2,422 shares, bringing its total holdings to 2,732 shares valued at approximately $488,000.
• CDW has received mixed analyst ratings, with two analysts giving it a Buy rating and four assigning a Hold rating, while the consensus target price stands at $202.00.
• The company recently reported quarterly earnings of $2.60 EPS, exceeding estimates, with revenues of $5.98 billion, reflecting a 10.2% increase year-over-year.

TD Private Client Wealth LLC increased its stake in CDW Corporation (NASDAQ:CDW - Free Report) by 781.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 2,732 shares of the information technology services provider's stock after buying an additional 2,422 shares during the quarter. TD Private Client Wealth LLC's holdings in CDW were worth $488,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors 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 worth $27,000 after buying an additional 75 shares during the last quarter. Bayforest Capital Ltd purchased a new position in shares of CDW in the 1st quarter worth about $31,000. Pandora Wealth Inc. purchased a new position in shares of CDW in the 1st quarter worth about $32,000. Stone House Investment Management LLC purchased a new position in shares of CDW in the 1st quarter worth about $34,000. Finally, Golden State Wealth Management LLC boosted its holdings in shares of CDW by 237.2% in the 1st quarter. Golden State Wealth Management LLC now owns 263 shares of the information technology services provider's stock worth $42,000 after buying an additional 185 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CDW has been the topic of a number of research analyst reports. Barclays cut their price target on shares of CDW from $205.00 to $176.00 and set an "equal weight" rating on the stock in a report on Thursday, August 7th. Citigroup boosted their price target 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 objective 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 shares of CDW from $210.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, August 7th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, CDW currently has a consensus rating of "Hold" and a consensus target price of $202.00.

CDW Price Performance

NASDAQ CDW opened at $164.37 on Friday. The company has a market cap of $21.54 billion, a PE ratio of 20.42, a price-to-earnings-growth ratio of 2.73 and a beta of 0.98. CDW Corporation has a 52 week low of $137.31 and a 52 week high of $229.00. The company has a quick ratio of 1.22, a current ratio of 1.35 and a debt-to-equity ratio of 2.28. The firm's 50-day simple moving average is $167.79 and its two-hundred day simple moving average is $169.52.

CDW (NASDAQ:CDW - Get Free Report) last released its quarterly earnings data 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. CDW had a net margin of 4.92% and a return on equity of 53.63%. The business had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.51 billion. During the same period in the prior year, the firm earned $2.50 earnings per share. The company's revenue was up 10.2% compared to the same quarter last year. Research analysts predict that CDW Corporation will post 9.41 earnings per share for the current year.

CDW Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Monday, August 25th were given a dividend of $0.625 per share. The ex-dividend date was Monday, August 25th. This represents a $2.50 annualized dividend and a dividend yield of 1.5%. CDW's dividend payout ratio is currently 31.06%.

CDW Company 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.

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