Unigestion Holding SA Has $13.26 Million Stake in CDW Co. (NASDAQ:CDW)

Unigestion Holding SA decreased its holdings in shares of CDW Co. (NASDAQ:CDW - Free Report) by 41.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 82,799 shares of the information technology services provider's stock after selling 59,268 shares during the quarter. Unigestion Holding SA owned approximately 0.06% of CDW worth $13,263,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Czech National Bank grew its position in shares of CDW by 5.9% in the first quarter. Czech National Bank now owns 30,608 shares of the information technology services provider's stock valued at $4,905,000 after purchasing an additional 1,713 shares during the last quarter. Rhumbline Advisers boosted its stake in CDW by 6.1% in the 1st quarter. Rhumbline Advisers now owns 273,080 shares of the information technology services provider's stock valued at $43,764,000 after buying an additional 15,590 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its position in CDW by 6.8% in the first quarter. Fifth Third Wealth Advisors LLC now owns 1,315 shares of the information technology services provider's stock valued at $211,000 after buying an additional 84 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of CDW by 16,569.6% in the 1st quarter. GAMMA Investing LLC now owns 336,225 shares of the information technology services provider's stock worth $53,883,000 after acquiring an additional 334,208 shares in the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its position in CDW by 2.6% during the 1st quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 13,049 shares of the information technology services provider's stock worth $2,091,000 after buying an additional 335 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Citigroup upped their price objective on CDW from $160.00 to $180.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. UBS Group cut their target price on shares of 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 target price on shares of CDW from $223.00 to $205.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Morgan Stanley lifted their target price on CDW from $193.00 to $201.00 and gave the company an "equal weight" rating in a research report on Thursday, February 6th. Finally, JPMorgan Chase & Co. lowered their price target 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. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $216.38.

Insider Buying and Selling at CDW

In other CDW news, insider Christine A. Leahy sold 40,917 shares of the company'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 transaction, the insider now directly owns 144,931 shares of the company's stock, valued at $26,293,382.02. This represents a 22.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Frederick J. Kulevich sold 28,159 shares of the company's stock in a transaction dated 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 completion of the transaction, the insider now owns 36,077 shares in the company, valued at $6,887,099.30. This trade represents a 43.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.84% of the company's stock.

CDW Stock Up 1.4%

CDW traded up $2.41 during trading on Friday, reaching $178.24. 615,364 shares of the stock were exchanged, compared to its average volume of 1,224,889. The stock has a market cap of $23.47 billion, a P/E ratio of 22.36, a price-to-earnings-growth ratio of 3.21 and a beta of 0.95. The stock's 50 day moving average price is $167.63 and its two-hundred day moving average price is $175.82. CDW Co. has a twelve month low of $137.31 and a twelve month high of $241.26. 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 released its quarterly earnings data on Wednesday, May 7th. The information technology services provider reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.19. The company had revenue of $5.20 billion for the quarter, compared to analyst estimates of $4.93 billion. CDW had a net margin of 5.13% and a return on equity of 55.42%. CDW's revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.92 EPS. Equities analysts expect that CDW Co. will post 9.41 EPS for the current year.

CDW Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors 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 presently 30.98%.

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.