Renaissance Technologies LLC raised its position in CDW Corp (NASDAQ:CDW) by 33.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 815,035 shares of the information technology services provider’s stock after acquiring an additional 203,935 shares during the period. Renaissance Technologies LLC owned about 0.53% of CDW worth $56,637,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. ETRADE Capital Management LLC raised its holdings in CDW by 5.5% in the 3rd quarter. ETRADE Capital Management LLC now owns 14,291 shares of the information technology services provider’s stock valued at $943,000 after acquiring an additional 748 shares in the last quarter. Public Employees Retirement Association of Colorado raised its holdings in CDW by 2.7% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 30,998 shares of the information technology services provider’s stock valued at $2,154,000 after acquiring an additional 828 shares in the last quarter. BKD Wealth Advisors LLC raised its holdings in CDW by 15.8% in the 4th 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 in the last quarter. Amalgamated Bank raised its holdings in CDW by 3.1% in the 4th quarter. Amalgamated Bank now owns 29,903 shares of the information technology services provider’s stock valued at $2,078,000 after acquiring an additional 897 shares in the last quarter. Finally, Camelot Portfolios LLC raised its holdings in CDW by 25.0% in the 4th 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 in the last quarter. 91.19% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. assumed coverage on CDW in a report on Wednesday, March 7th. They issued a “neutral” rating and a $83.00 target price for the company. ValuEngine raised CDW from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Robert W. Baird reissued a “buy” rating and issued a $80.00 target price on shares of CDW in a report on Wednesday, February 7th. BidaskClub raised CDW from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Finally, Morgan Stanley dropped their target price on CDW from $72.00 to $70.00 and set an “equal weight” rating for the company in a report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. CDW presently has a consensus rating of “Buy” and a consensus price target of $74.56.
CDW Corp (NASDAQ CDW) opened at $75.65 on Wednesday. CDW Corp has a twelve month low of $55.80 and a twelve month high of $76.73. The company has a quick ratio of 1.16, a current ratio of 1.34 and a debt-to-equity ratio of 3.27. The stock has a market capitalization of $11,480.53, a P/E ratio of 22.72 and a beta of 1.06.
CDW (NASDAQ:CDW) last issued its earnings results on Wednesday, February 7th. The information technology services provider reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ 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%. CDW’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.86 EPS. research analysts predict that CDW Corp will post 4.56 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Monday, February 26th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.84 dividend on an annualized basis and a yield of 1.11%. CDW’s dividend payout ratio (DPR) is presently 25.23%.
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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