Virtu Financial LLC acquired a new stake in shares of CDW Corp (NASDAQ:CDW) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,948 shares of the information technology services provider’s stock, valued at approximately $274,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ETRADE Capital Management LLC boosted its stake in CDW by 5.5% in the third quarter. ETRADE Capital Management LLC now owns 14,291 shares of the information technology services provider’s stock worth $943,000 after purchasing an additional 748 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its stake in CDW by 2.7% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 30,998 shares of the information technology services provider’s stock worth $2,154,000 after purchasing an additional 828 shares in the last quarter. BKD Wealth Advisors LLC lifted its stake in shares of CDW by 15.8% during the fourth quarter. BKD Wealth Advisors LLC now owns 6,460 shares of the information technology services provider’s stock valued at $449,000 after acquiring an additional 880 shares during the period. Camelot Portfolios LLC lifted its stake in shares of CDW by 25.0% during the fourth quarter. Camelot Portfolios LLC now owns 6,500 shares of the information technology services provider’s stock valued at $452,000 after acquiring an additional 1,300 shares during the period. Finally, Boston Advisors LLC lifted its stake in shares of CDW by 2.7% during the fourth quarter. Boston Advisors LLC now owns 59,652 shares of the information technology services provider’s stock valued at $4,145,000 after acquiring an additional 1,591 shares during the period. Institutional investors and hedge funds own 91.18% of the company’s stock.
Shares of CDW traded down $1.77 during mid-day trading on Friday, reaching $67.95. The company’s stock had a trading volume of 634,298 shares, compared to its average volume of 765,917. The stock has a market cap of $10,619.54, a price-to-earnings ratio of 17.51 and a beta of 1.08. The company has a quick ratio of 1.16, a current ratio of 1.34 and a debt-to-equity ratio of 3.27. CDW Corp has a 1-year low of $55.80 and a 1-year high of $76.73.
CDW (NASDAQ:CDW) last released its quarterly earnings results on Wednesday, February 7th. The information technology services provider reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.05. The business had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $3.85 billion. CDW had a return on equity of 65.93% and a net margin of 3.44%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the firm posted $0.86 EPS. analysts expect that CDW Corp will post 4.56 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Monday, February 26th were paid a dividend of $0.21 per share. 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 (DPR) is presently 21.65%.
In other news, insider Christine A. Leahy sold 4,000 shares of CDW stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $72.23, for a total value of $288,920.00. Following the transaction, the insider now owns 124,677 shares in the company, valued at approximately $9,005,419.71. The sale was disclosed in a filing with the SEC, which is available at 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 transaction, 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. In the last 90 days, insiders have sold 54,812 shares of company stock worth $3,952,269. Corporate insiders own 2.60% of the company’s stock.
CDW has been the topic of several research reports. BidaskClub downgraded CDW from a “strong-buy” rating to a “buy” rating in a report on Friday, March 30th. Needham & Company LLC increased their price target on CDW from $78.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, March 22nd. Robert W. Baird restated a “buy” rating and issued a $80.00 price target on shares of CDW in a report on Wednesday, February 7th. ValuEngine upgraded CDW from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $80.00 price objective on shares of CDW in a report on Monday, January 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $75.78.
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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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