Tounjian Advisory Partners LLC Invests $398,000 in CDW Co. (NASDAQ:CDW)

Tounjian Advisory Partners LLC acquired a new stake in CDW Co. (NASDAQ:CDW - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 2,484 shares of the information technology services provider's stock, valued at approximately $398,000.

Other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. lifted its position in CDW by 12.7% during the 4th quarter. Franklin Resources Inc. now owns 121,757 shares of the information technology services provider's stock worth $21,191,000 after buying an additional 13,748 shares in the last quarter. Madison Investment Advisors LLC bought a new stake in CDW during the 4th quarter worth about $130,996,000. Wellington Management Group LLP lifted its position in CDW by 29.2% during the 4th quarter. Wellington Management Group LLP now owns 2,538,775 shares of the information technology services provider's stock worth $441,848,000 after buying an additional 574,444 shares in the last quarter. Geode Capital Management LLC lifted its position in CDW by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 3,535,405 shares of the information technology services provider's stock worth $614,220,000 after buying an additional 54,341 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc increased its stake in shares of CDW by 56.5% during the 1st quarter. AEGON ASSET MANAGEMENT UK Plc now owns 67,690 shares of the information technology services provider's stock worth $10,843,000 after purchasing an additional 24,439 shares during the last quarter. 93.15% of the stock is owned by institutional investors.

Insider Activity at CDW

In other CDW news, insider Frederick J. Kulevich sold 28,159 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were 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. This represents a 43.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Christine A. Leahy sold 40,917 shares of the 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 transaction, the insider now owns 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. 0.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CDW shares. Citigroup boosted their price objective 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 price objective on shares of CDW from $222.00 to $175.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. UBS Group lowered their price objective 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. Finally, Barclays lowered 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. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $208.71.

CDW Stock Performance

CDW traded down $4.33 on Friday, reaching $170.42. The company had a trading volume of 1,116,048 shares, compared to its average volume of 1,232,637. CDW Co. has a fifty-two week low of $137.31 and a fifty-two week high of $241.26. The stock has a market cap of $22.44 billion, a P/E ratio of 21.38, a P/E/G ratio of 3.21 and a beta of 0.95. The company's fifty day moving average is $170.10 and its 200 day moving average is $175.72. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.24 and a current ratio of 1.35.

CDW (NASDAQ:CDW - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The information technology services provider reported $2.15 EPS for the quarter, beating analysts' consensus estimates 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 analyst estimates of $4.93 billion. During the same quarter in the prior year, the business earned $1.92 EPS. CDW's quarterly revenue was up 6.7% on a year-over-year basis. As a group, analysts predict that CDW Co. will post 9.41 earnings per share for the current fiscal year.

CDW Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors 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 dividend on an annualized basis and a yield of 1.47%. CDW's dividend payout ratio (DPR) is currently 30.98%.

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.