Tounjian Advisory Partners LLC Buys Shares of 2,484 CDW Co. (NASDAQ:CDW)

Tounjian Advisory Partners LLC acquired a new stake in shares of CDW Co. (NASDAQ:CDW - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,484 shares of the information technology services provider's stock, valued at approximately $398,000.

Several other institutional investors have also recently made changes to their positions in CDW. Orion Capital Management LLC acquired a new position in CDW in the fourth quarter valued at approximately $30,000. Allworth Financial LP grew its stake in shares of CDW by 39.7% during the 4th quarter. Allworth Financial LP now owns 183 shares of the information technology services provider's stock worth $32,000 after purchasing an additional 52 shares during the period. OFI Invest Asset Management purchased a new position in shares of CDW during the 4th quarter valued at approximately $32,000. Parkside Financial Bank & Trust increased its holdings in shares of 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 purchasing an additional 58 shares in the last quarter. Finally, Optiver Holding B.V. lifted its stake in shares of CDW by 107.2% in the 4th 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 during the period. Hedge funds and other institutional investors own 93.15% of the company's stock.

Insider Transactions at CDW

In other CDW news, insider Frederick J. Kulevich sold 28,159 shares of the business's stock in a transaction on 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 of the company's stock, valued at approximately $6,887,099.30. The trade was a 43.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Christine A. Leahy sold 40,917 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was 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 directly owns 144,931 shares of the company's stock, valued at $26,293,382.02. This trade represents a 22.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.84% of the company's stock.

Analyst Upgrades and Downgrades

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

CDW Price Performance

Shares of CDW traded up $1.30 during mid-day trading on Tuesday, hitting $178.73. 1,368,971 shares of the company were exchanged, compared to its average volume of 1,226,335. The stock has a market cap of $23.54 billion, a price-to-earnings ratio of 22.43, a price-to-earnings-growth ratio of 3.21 and a beta of 0.95. CDW Co. has a 1-year low of $137.31 and a 1-year high of $241.26. The company has a 50 day moving average of $167.89 and a 200-day moving average of $175.80. 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 posted its quarterly earnings data on Wednesday, May 7th. The information technology services provider reported $2.15 EPS for the quarter, topping the consensus estimate 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 return on equity of 55.42% and a net margin of 5.13%. CDW's quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.92 EPS. Analysts expect that CDW Co. will post 9.41 EPS for the current fiscal year.

CDW Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 26th will be issued a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Friday, May 23rd. CDW's payout ratio is 30.98%.

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.