CDW Corporation $CDW Shares Sold by Sterling Capital Management LLC

03 Jul 2026, 08:53 by Tristan Rich · The Markets Daily

Sterling Capital Management LLC cut its stake in CDW Corporation (NASDAQ:CDW – Free Report) by 64.0% during the 1st quarter, HoldingsChannel reports. The firm owned 4,228 shares of the information technology services provider’s stock after selling 7,523 shares during the quarter. Sterling Capital Management LLC’s holdings in CDW were worth $512,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. eCIO Inc. purchased a new stake in shares of CDW in the fourth quarter worth about $61,000. Covestor Ltd grew its stake in shares of CDW by 53.4% in the fourth quarter. Covestor Ltd now owns 741 shares of the information technology services provider’s stock valued at $101,000 after buying an additional 258 shares in the last quarter. American National Bank & Trust purchased a new stake in shares of CDW during the 4th quarter valued at about $110,000. Brown Brothers Harriman & Co. lifted its position in CDW by 38.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 912 shares of the information technology services provider’s stock worth $124,000 after acquiring an additional 254 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in CDW during the 4th quarter worth approximately $144,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on CDW shares. Raymond James Financial set a $150.00 price objective on shares of CDW in a research report on Wednesday, May 6th. Citigroup reduced their target price on shares of CDW from $150.00 to $123.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th. Morgan Stanley upgraded shares of CDW from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $142.00 to $170.00 in a research note on Tuesday, June 23rd. Barclays lowered their price target on shares of CDW from $144.00 to $123.00 and set an “equal weight” rating for the company in a report on Thursday, May 7th. Finally, Royal Bank Of Canada raised shares of CDW to an “outperform” rating and set a $130.00 price target on the stock in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, CDW has an average rating of “Moderate Buy” and a consensus price target of $144.12.

View Our Latest Stock Analysis on CDW

CDW Price Performance

Shares of NASDAQ CDW opened at $133.37 on Friday. CDW Corporation has a fifty-two week low of $97.12 and a fifty-two week high of $183.91. The business has a 50 day moving average price of $124.39 and a two-hundred day moving average price of $127.30. The company has a quick ratio of 1.06, a current ratio of 1.16 and a debt-to-equity ratio of 1.81. The firm has a market cap of $17.04 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 1.83 and a beta of 0.97.

CDW (NASDAQ:CDW – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The information technology services provider reported $2.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.28. CDW had a return on equity of 49.67% and a net margin of 4.70%.The company had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the previous year, the business earned $2.15 EPS. CDW’s revenue for the quarter was up 9.2% compared to the same quarter last year. Sell-side analysts expect that CDW Corporation will post 10.21 earnings per share for the current fiscal year.

CDW Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Monday, May 25th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.9%. CDW’s dividend payout ratio (DPR) is presently 30.66%.

Insider Activity

In related news, Director David W. Nelms purchased 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was acquired at an average price of $111.43 per share, for a total transaction of $2,005,740.00. Following the completion of the purchase, the director owned 51,025 shares in the company, valued at approximately $5,685,715.75. This represents a 54.50% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.82% of the company’s stock.

CDW Company Profile

(Free Report)

CDW (NASDAQ: CDW) is a leading provider of information technology products and integrated solutions for business, government, education and healthcare customers. The company sources and resells hardware and software from major technology vendors and packages those products with professional services, managed services and lifecycle support. Its offerings span IT infrastructure, cloud and data center solutions, cybersecurity, networking, unified communications, endpoint devices, and software licensing and procurement services designed to simplify IT operations for customers.