Yousif Capital Management LLC Has $3.24 Million Stock Holdings in CDW Co. (NASDAQ:CDW)

Yousif Capital Management LLC raised its stake in shares of CDW Co. (NASDAQ:CDW - Free Report) by 16.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,244 shares of the information technology services provider's stock after purchasing an additional 2,906 shares during the period. Yousif Capital Management LLC's holdings in CDW were worth $3,244,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Orion Capital Management LLC purchased a new position in CDW in the fourth quarter worth $30,000. Allworth Financial LP boosted its position 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 acquired a new stake in CDW during the 4th quarter worth approximately $32,000. Parkside Financial Bank & Trust grew its position in shares of CDW by 38.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 207 shares of the information technology services provider's stock valued at $36,000 after buying an additional 58 shares during the last quarter. Finally, Optiver Holding B.V. grew its position in CDW by 107.2% during the 4th quarter. Optiver Holding B.V. now owns 230 shares of the information technology services provider's stock worth $40,000 after purchasing an additional 119 shares during the last quarter. Institutional investors own 93.15% of the company's stock.

Insider Buying and Selling at CDW

In related news, insider Frederick J. Kulevich sold 28,159 shares of the 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 sale, the insider now directly owns 36,077 shares in the company, valued at $6,887,099.30. This trade represents a 43.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Christine A. Leahy sold 40,917 shares of the 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 directly owns 144,931 shares of the company's stock, valued at approximately $26,293,382.02. The trade was 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 Stock Performance

CDW traded down $4.33 during trading on Friday, reaching $170.42. 1,116,048 shares of the company's stock were exchanged, compared to its average volume of 1,232,638. CDW Co. has a fifty-two week low of $137.31 and a fifty-two week high of $241.26. The company has a quick ratio of 1.24, a current ratio of 1.35 and a debt-to-equity ratio of 2.38. The business has a 50 day moving average price of $170.10 and a 200 day moving average price of $175.72. The company has a market capitalization of $22.44 billion, a P/E ratio of 21.38, a PEG ratio of 3.21 and a beta of 0.95.

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

CDW Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 26th were given a dividend of $0.625 per share. The ex-dividend date was Friday, May 23rd. This represents a $2.50 annualized dividend and a yield of 1.47%. CDW's dividend payout ratio (DPR) is 30.98%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of CDW from $222.00 to $175.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Barclays reduced their target price 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. UBS Group cut their price target 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. Finally, Citigroup increased their target price on shares of CDW from $160.00 to $180.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $208.71.

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.