Thrivent Financial For Lutherans reduced its holdings in CDW Corp (NASDAQ:CDW) by 3.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 94,482 shares of the information technology services provider’s stock after selling 3,595 shares during the period. Thrivent Financial For Lutherans owned about 0.06% of CDW worth $6,566,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Cerebellum GP LLC acquired a new stake in shares of CDW in the fourth quarter worth approximately $128,000. Delpha Capital Management LLC acquired a new stake in shares of CDW in the fourth quarter worth approximately $154,000. SG Americas Securities LLC acquired a new stake in shares of CDW in the fourth quarter worth approximately $184,000. Bank of Hawaii acquired a new stake in shares of CDW in the fourth quarter worth approximately $202,000. Finally, Biltmore Wealth Management LLC acquired a new stake in shares of CDW in the fourth quarter worth approximately $228,000. 91.18% of the stock is currently owned by institutional investors.
Shares of CDW stock opened at $67.95 on Friday. CDW Corp has a one year low of $55.80 and a one year high of $76.73. The company has a market cap of $10,598.22, a P/E ratio of 17.51 and a beta of 1.08. The company has a current ratio of 1.34, a quick ratio of 1.16 and a debt-to-equity ratio of 3.27.
CDW (NASDAQ:CDW) last announced its quarterly earnings data on Wednesday, February 7th. The information technology services provider reported $0.98 EPS for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.05. CDW had a return on equity of 65.93% and a net margin of 3.44%. The firm had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter last year, the business posted $0.86 earnings per share. The firm’s revenue was up 9.9% compared to the same quarter last year. research analysts predict that CDW Corp will post 4.56 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Monday, February 26th were given a $0.21 dividend. The ex-dividend date was Friday, February 23rd. This represents a $0.84 dividend on an annualized basis and a yield of 1.24%. CDW’s dividend payout ratio is currently 21.65%.
A number of analysts have recently issued reports on CDW shares. Royal Bank of Canada reaffirmed a “buy” rating and issued a $80.00 price target on shares of CDW in a research note on Monday, January 15th. Zacks Investment Research raised CDW from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. ValuEngine raised CDW from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. BidaskClub raised CDW from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. Finally, JPMorgan Chase assumed coverage on CDW in a research report on Wednesday, March 7th. They set a “neutral” rating and a $83.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $75.78.
In other CDW news, insider Neil B. Fairfield sold 6,833 shares of CDW stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $74.49, for a total value of $508,990.17. Following the sale, the insider now owns 5,853 shares in the company, valued at $435,989.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Neal J. Campbell sold 3,805 shares of CDW stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $75.36, for a total value of $286,744.80. Following the completion of the sale, the insider now owns 35,829 shares in the company, valued at approximately $2,700,073.44. The disclosure for this sale can be found here. Insiders sold 54,812 shares of company stock worth $3,952,269 in the last 90 days. Company insiders own 2.60% of the company’s stock.
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CDW Company Profile
CDW Corporation (CDW) is a provider of integrated information technology (IT) solutions in the United States, Canada and the United Kingdom. The Company’s segments include Corporate, Public and Other. The Corporate segment consists of private sector business customers in the United States based on employee size between Medium/Large customers, which primarily includes organizations with more than 100 employees, and Small Business customers, which primarily includes organizations with up to 100 employees.
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