Wealth Enhancement Advisory Services LLC Buys 5,301 Shares of CDW Co. (NASDAQ:CDW)

Wealth Enhancement Advisory Services LLC boosted its position in CDW Co. (NASDAQ:CDW - Free Report) by 79.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 11,968 shares of the information technology services provider's stock after purchasing an additional 5,301 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in CDW were worth $2,083,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CDW. Franklin Resources Inc. raised its stake 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 purchasing an additional 13,748 shares during the period. Madison Investment Advisors LLC purchased a new stake in CDW during the fourth quarter worth about $130,996,000. Graphene Investments SAS increased its holdings in CDW by 17.6% during the fourth quarter. Graphene Investments SAS now owns 17,400 shares of the information technology services provider's stock worth $3,028,000 after buying an additional 2,600 shares during the last quarter. Wellington Management Group LLP raised its position in CDW by 29.2% in the fourth quarter. Wellington Management Group LLP now owns 2,538,775 shares of the information technology services provider's stock worth $441,848,000 after acquiring an additional 574,444 shares during the period. Finally, Geode Capital Management LLC boosted its stake in CDW by 1.6% in the fourth 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 acquiring an additional 54,341 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

CDW Stock Performance

CDW stock traded up $0.13 during mid-day trading on Monday, reaching $178.37. The company's stock had a trading volume of 175,561 shares, compared to its average volume of 1,222,357. The firm's fifty day moving average price is $167.63 and its two-hundred day moving average price is $175.81. 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 Co. has a 12-month low of $137.31 and a 12-month high of $241.26. The company has a market capitalization of $23.49 billion, a P/E ratio of 22.38, a PEG ratio of 3.21 and a beta of 0.95.

CDW (NASDAQ:CDW - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The information technology services provider reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.19. CDW had a return on equity of 55.42% and a net margin of 5.13%. The company had revenue of $5.20 billion during the quarter, compared to analysts' expectations of $4.93 billion. During the same period in the previous year, the business earned $1.92 earnings per share. The firm's quarterly revenue was up 6.7% compared to the same quarter last year. Sell-side analysts predict that CDW Co. will post 9.41 EPS for the current fiscal year.

CDW Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Barclays decreased their price target on shares of CDW from $223.00 to $205.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. JPMorgan Chase & Co. reduced their price objective on CDW from $222.00 to $175.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Citigroup boosted their target price on CDW from $160.00 to $180.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Finally, UBS Group dropped their price target on CDW from $236.00 to $210.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Four 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, the company currently has a consensus rating of "Hold" and a consensus target price of $208.71.

Insider Transactions at CDW

In other news, insider Christine A. Leahy sold 40,917 shares of the business's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $181.42, for a total transaction of $7,423,162.14. Following the completion of the transaction, the insider now directly owns 144,931 shares in the company, valued at $26,293,382.02. The trade was a 22.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Frederick J. Kulevich sold 28,159 shares of CDW stock in a transaction 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 sale, the insider now directly 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 0.84% 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.