CDW Corporation (NASDAQ:CDW) Shares Bought by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. lifted its position in shares of CDW Corporation (NASDAQ:CDW - Free Report) by 32.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 170,773 shares of the information technology services provider's stock after buying an additional 41,940 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 0.13% of CDW worth $27,369,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. grew its stake in CDW by 12.7% during the fourth 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 period. Madison Investment Advisors LLC acquired a new position in shares of CDW during the 4th quarter valued at $130,996,000. Wellington Management Group LLP boosted 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 purchasing an additional 574,444 shares during the period. Geode Capital Management LLC increased its holdings in CDW by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 3,535,405 shares of the information technology services provider's stock valued at $614,220,000 after purchasing an additional 54,341 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc raised its position in CDW by 56.5% in the first quarter. AEGON ASSET MANAGEMENT UK Plc now owns 67,690 shares of the information technology services provider's stock valued at $10,843,000 after purchasing an additional 24,439 shares during the period. 93.15% of the stock is owned by hedge funds and other institutional investors.

CDW Stock Down 0.5%

Shares of NASDAQ:CDW traded down $0.85 during midday trading on Wednesday, reaching $169.96. The company had a trading volume of 719,032 shares, compared to its average volume of 1,235,251. The stock has a market capitalization of $22.38 billion, a P/E ratio of 21.06, a PEG ratio of 2.90 and a beta of 0.95. The stock's fifty day moving average price is $170.85 and its 200-day moving average price is $175.65. The company has a debt-to-equity ratio of 2.42, a current ratio of 1.32 and a quick ratio of 1.20. CDW Corporation has a one year low of $137.31 and a one year high of $241.26.

CDW (NASDAQ:CDW - Get Free Report) last announced 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 during the quarter, compared to analyst estimates of $4.93 billion. CDW had a net margin of 5.10% and a return on equity of 54.90%. The firm's revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the business earned $1.92 EPS. Equities research analysts expect that CDW Corporation will post 9.41 earnings per share for the current fiscal year.

CDW Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 26th were issued a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Friday, May 23rd. CDW's dividend payout ratio is presently 30.98%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CDW shares. JPMorgan Chase & Co. lowered their target price on CDW from $222.00 to $175.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. UBS Group decreased their price target on CDW from $236.00 to $210.00 and set a "buy" rating for the company 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. Finally, Citigroup upped their target price on shares of CDW from $160.00 to $180.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, CDW presently has a consensus rating of "Hold" and a consensus target price of $208.71.

Insider Transactions at CDW

In related news, insider Christine A. Leahy sold 40,917 shares of the firm's 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 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Frederick J. Kulevich sold 28,159 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $190.90, for a total value of $5,375,553.10. Following the transaction, the insider now owns 36,077 shares of the company's stock, valued at $6,887,099.30. This represents a 43.84% decrease in their position. The disclosure for this sale can be found here. 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.