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

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

Other institutional investors and hedge funds also recently made changes to their positions in the company. Orion Capital Management LLC acquired a new stake in CDW during the fourth quarter worth $30,000. Allworth Financial LP raised its stake in shares of CDW by 39.7% in the 4th quarter. Allworth Financial LP now owns 183 shares of the information technology services provider's stock valued at $32,000 after buying an additional 52 shares in the last quarter. OFI Invest Asset Management bought a new position in shares of CDW during the 4th quarter worth about $32,000. Parkside Financial Bank & Trust boosted its position in shares of CDW by 38.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 207 shares of the information technology services provider's stock valued at $36,000 after acquiring an additional 58 shares in the last quarter. Finally, Optiver Holding B.V. boosted its position in shares of CDW by 107.2% during the 4th quarter. Optiver Holding B.V. now owns 230 shares of the information technology services provider's stock valued at $40,000 after acquiring an additional 119 shares in the last quarter. Institutional investors own 93.15% of the company's stock.

Insider Activity

In related 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 value of $5,375,553.10. Following the transaction, the insider now owns 36,077 shares in the company, valued at approximately $6,887,099.30. This represents a 43.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $7,423,162.14. Following the sale, the insider now owns 144,931 shares of the company's stock, valued at $26,293,382.02. This trade represents a 22.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.90% of the company's stock.

CDW Stock Down 0.9%

Shares of NASDAQ:CDW traded down $1.55 during midday trading on Tuesday, reaching $170.80. 1,025,608 shares of the company were exchanged, compared to its average volume of 1,237,101. The firm has a market cap of $22.49 billion, a PE ratio of 21.16, a P/E/G ratio of 2.90 and a beta of 0.95. The stock has a fifty day simple moving average of $170.85 and a two-hundred day simple moving average of $175.65. CDW Corporation 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 1.20, a current ratio of 1.32 and a debt-to-equity ratio of 2.42.

CDW (NASDAQ:CDW - Get Free Report) last issued its quarterly 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. CDW had a return on equity of 54.90% and a net margin of 5.10%. The firm had revenue of $5.20 billion during the quarter, compared to analysts' expectations of $4.93 billion. During the same period in the prior year, the firm posted $1.92 earnings per share. The business's quarterly revenue was up 6.7% compared to the same quarter last year. As a group, sell-side analysts forecast that CDW Corporation will post 9.41 earnings per share for the current year.

CDW Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 26th were paid a $0.625 dividend. The ex-dividend date was Friday, May 23rd. This represents a $2.50 annualized dividend and a yield of 1.46%. CDW's dividend payout ratio is 30.98%.

Wall Street Analysts Forecast Growth

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

About CDW

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.