CDW Corporation $CDW Stock Position Increased by SBI Securities Co. Ltd.

by · The Markets Daily

SBI Securities Co. Ltd. increased its stake in shares of CDW Corporation (NASDAQ:CDW – Free Report) by 59,232.3% in the third quarter, HoldingsChannel reports. The firm owned 38,566 shares of the information technology services provider’s stock after buying an additional 38,501 shares during the quarter. SBI Securities Co. Ltd.’s holdings in CDW were worth $4,943,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust lifted its holdings in CDW by 48.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 268 shares of the information technology services provider’s stock valued at $38,000 after purchasing an additional 87 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in shares of CDW by 2.8% during the 3rd quarter. V Square Quantitative Management LLC now owns 3,252 shares of the information technology services provider’s stock worth $417,000 after purchasing an additional 89 shares during the last quarter. Root Financial Partners LLC boosted its stake in shares of CDW by 54.7% during the 1st quarter. Root Financial Partners LLC now owns 263 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 93 shares during the last quarter. CX Institutional boosted its stake in shares of CDW by 4.0% during the 3rd quarter. CX Institutional now owns 2,585 shares of the information technology services provider’s stock worth $331,000 after purchasing an additional 99 shares during the last quarter. Finally, Studio Investment Management LLC grew its holdings in shares of CDW by 6.0% during the second quarter. Studio Investment Management LLC now owns 2,667 shares of the information technology services provider’s stock worth $375,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Insider Activity at CDW

In other news, insider Elizabeth Connelly sold 26,695 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $137.62, for a total transaction of $3,673,765.90. Following the completion of the transaction, the insider owned 34,215 shares of the company’s stock, valued at $4,708,668.30. This represents a 43.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.82% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CDW. Weiss Ratings raised shares of CDW from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 25th. Morgan Stanley upped their price objective on shares of CDW from $170.00 to $171.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Barclays decreased their target price on shares of CDW from $150.00 to $148.00 and set an “equal weight” rating on the stock in a research report on Monday, September 21st. Finally, Citigroup raised their target price on shares of CDW from $123.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, CDW has a consensus rating of “Moderate Buy” and a consensus target price of $150.12.

View Our Latest Research Report on CDW

CDW Price Performance

Shares of NASDAQ:CDW opened at $164.62 on Friday. The company has a market cap of $20.58 billion, a P/E ratio of 19.79, a P/E/G ratio of 2.07 and a beta of 0.95. The business has a fifty day simple moving average of $144.31 and a 200-day simple moving average of $134.91. CDW Corporation has a 52 week low of $97.12 and a 52 week high of $165.56. The company has a quick ratio of 1.05, a current ratio of 1.17 and a debt-to-equity ratio of 1.97.

CDW (NASDAQ:CDW – Get Free Report) last released its earnings results on Wednesday, August 5th. The information technology services provider reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.11. CDW had a return on equity of 50.61% and a net margin of 4.60%. The firm had revenue of $6.57 billion for the quarter, compared to the consensus estimate of $6.21 billion. During the same period in the prior year, the business posted $2.60 earnings per share. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. Equities research analysts forecast that CDW Corporation will post 10.33 EPS for the current year.

CDW Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Tuesday, August 25th were issued a $0.63 dividend. The ex-dividend date was Tuesday, August 25th. This represents a $2.52 annualized dividend and a yield of 1.5%. CDW’s payout ratio is 30.29%.

CDW Company Profile

(Free Report)

CDW Corporation (NASDAQ: CDW) is a provider of technology products and services for business, government, education and healthcare organizations. The company helps customers plan, procure, implement and manage information technology solutions from leading hardware, software and cloud vendors.

Its offerings include computers, servers, networking equipment, data-storage systems, cybersecurity products, collaboration tools, software licensing and cloud solutions. CDW also provides professional and managed services, including technology consulting, infrastructure deployment, cloud management, security support and lifecycle services.

Founded in 1984 as Computer Discount Warehouse, CDW serves customers primarily in the United States, Canada and the United Kingdom through sales teams, digital channels and technology partnerships.

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