1,791 Shares in CDW Co. (NASDAQ:CDW) Bought by Texas Bank & Trust Co

Texas Bank & Trust Co purchased a new stake in CDW Co. (NASDAQ:CDW - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,791 shares of the information technology services provider's stock, valued at approximately $312,000.

A number of other large investors have also recently bought and sold shares of the business. Allworth Financial LP raised its holdings in shares of CDW by 39.7% in the fourth quarter. Allworth Financial LP now owns 183 shares of the information technology services provider's stock valued at $32,000 after buying an additional 52 shares during the last quarter. OFI Invest Asset Management acquired a new position in CDW in the 4th quarter valued at about $32,000. Parkside Financial Bank & Trust raised its stake in CDW by 38.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 207 shares of the information technology services provider's stock valued at $36,000 after acquiring an additional 58 shares during the last quarter. Optiver Holding B.V. raised its stake in CDW by 107.2% during the 4th quarter. Optiver Holding B.V. now owns 230 shares of the information technology services provider's stock valued at $40,000 after acquiring an additional 119 shares during the last quarter. Finally, Quarry LP acquired a new stake in CDW during the 4th quarter worth approximately $48,000. Institutional investors and hedge funds own 93.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CDW. UBS Group dropped their target price on CDW from $236.00 to $210.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Barclays dropped their price objective on shares of CDW from $223.00 to $205.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. Citigroup raised their target price on shares of CDW from $160.00 to $180.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. lowered their target price 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, Morgan Stanley increased their price target on shares of CDW from $193.00 to $201.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $216.38.

Insider Activity at CDW

In other CDW news, insider Frederick J. Kulevich sold 28,159 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $190.90, for a total transaction of $5,375,553.10. Following the transaction, the insider now owns 36,077 shares in the company, valued at $6,887,099.30. The trade was a 43.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Christine A. Leahy sold 40,917 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $181.42, for a total value of $7,423,162.14. Following the completion of the sale, the insider now owns 144,931 shares of the company's stock, valued at approximately $26,293,382.02. This trade represents a 22.02% decrease in their position. The disclosure for this sale can be found here. 0.84% of the stock is owned by insiders.

CDW Trading Up 0.9%

NASDAQ:CDW traded up $1.56 during mid-day trading on Thursday, reaching $183.38. The company's stock had a trading volume of 1,162,897 shares, compared to its average volume of 1,217,994. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.35 and a quick ratio of 1.24. The stock has a market cap of $24.15 billion, a P/E ratio of 23.01, a P/E/G ratio of 3.21 and a beta of 0.91. The company's fifty day simple moving average is $164.39 and its two-hundred day simple moving average is $176.60. CDW Co. has a twelve month low of $137.31 and a twelve month high of $241.26.

CDW (NASDAQ:CDW - Get Free Report) last released its earnings results on Wednesday, May 7th. The information technology services provider reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.19. CDW had a net margin of 5.13% and a return on equity of 55.42%. The business had revenue of $5.20 billion for the quarter, compared to analysts' expectations of $4.93 billion. During the same period last year, the company earned $1.92 earnings per share. The company's quarterly revenue was up 6.7% on a year-over-year basis. On average, equities analysts predict that CDW Co. will post 9.41 EPS for the current year.

CDW Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 26th will be given a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Friday, May 23rd. CDW's dividend payout ratio (DPR) is currently 30.98%.

CDW announced that its Board of Directors has initiated a stock buyback plan on Wednesday, February 5th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the information technology services provider to reacquire up to 2.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

About CDW

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.