Universal Beteiligungs und Servicegesellschaft mbH Cuts Stock Position in CDW Corporation (NASDAQ:CDW)

Universal Beteiligungs und Servicegesellschaft mbH trimmed its holdings in CDW Corporation (NASDAQ:CDW - Free Report) by 33.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,497 shares of the information technology services provider's stock after selling 46,399 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.07% of CDW worth $14,663,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Envestnet Asset Management Inc. increased its holdings in shares of CDW by 20.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 207,506 shares of the information technology services provider's stock worth $33,255,000 after buying an additional 35,737 shares during the last quarter. Unison Asset Management LLC increased its holdings in shares of CDW by 9.4% during the 1st quarter. Unison Asset Management LLC now owns 42,389 shares of the information technology services provider's stock worth $6,339,000 after buying an additional 3,657 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of 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 during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of CDW by 1.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,942 shares of the information technology services provider's stock worth $963,000 after buying an additional 94 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of 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 during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

CDW Stock Performance

NASDAQ CDW traded up $0.93 during trading on Monday, reaching $182.07. The company's stock had a trading volume of 140,281 shares, compared to its average volume of 1,324,127. The company has a debt-to-equity ratio of 2.42, a quick ratio of 1.20 and a current ratio of 1.32. The firm has a market cap of $23.97 billion, a price-to-earnings ratio of 22.60, a P/E/G ratio of 3.04 and a beta of 0.93. CDW Corporation has a twelve month low of $137.31 and a twelve month high of $237.48. The business's fifty day moving average price is $178.61 and its 200-day moving average price is $175.85.

CDW (NASDAQ:CDW - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The information technology services provider reported $2.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.96 by $0.19. CDW had a net margin of 5.10% and a return on equity of 54.90%. The business had revenue of $5.20 billion for the quarter, compared to analyst estimates of $4.93 billion. During the same period in the previous year, the business posted $1.92 earnings per share. The business's revenue was up 6.7% compared to the same quarter last year. As a group, analysts anticipate that CDW Corporation will post 9.41 EPS for the current fiscal year.

CDW Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 26th were given a dividend of $0.625 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.50 annualized dividend and a yield of 1.37%. CDW's payout ratio is currently 30.98%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CDW. Barclays dropped their target price on shares of CDW from $223.00 to $205.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. JPMorgan Chase & Co. lifted their target price on shares of CDW from $185.00 to $205.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Citigroup lifted their target price on shares of CDW from $180.00 to $200.00 and gave the company a "neutral" rating in a report on Friday, July 11th. Finally, UBS Group dropped their target price on shares of CDW from $236.00 to $210.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, CDW currently has an average rating of "Hold" and an average target price of $208.50.

Insider Activity

In other CDW news, 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 transaction, the insider directly owned 36,077 shares in the company, valued at approximately $6,887,099.30. This represents a 43.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Christine A. Leahy sold 40,917 shares of CDW stock in a transaction that occurred 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 owned 144,931 shares of the company's stock, valued at $26,293,382.02. This represents a 22.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company's stock.

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.