CDW (CDW) Shares Bought by Blair William & Co. IL

Blair William & Co. IL grew its stake in shares of CDW (NASDAQ:CDW) by 9.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,353 shares of the information technology services provider’s stock after acquiring an additional 1,409 shares during the period. Blair William & Co. IL’s holdings in CDW were worth $1,454,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Synovus Financial Corp boosted its holdings in CDW by 62.1% in the third quarter. Synovus Financial Corp now owns 1,470 shares of the information technology services provider’s stock worth $131,000 after purchasing an additional 563 shares in the last quarter. Commonwealth Bank of Australia boosted its holdings in CDW by 3.9% in the third quarter. Commonwealth Bank of Australia now owns 15,976 shares of the information technology services provider’s stock worth $1,417,000 after purchasing an additional 600 shares in the last quarter. Signature Estate & Investment Advisors LLC boosted its holdings in CDW by 5.4% in the third quarter. Signature Estate & Investment Advisors LLC now owns 13,478 shares of the information technology services provider’s stock worth $1,198,000 after purchasing an additional 692 shares in the last quarter. FineMark National Bank & Trust boosted its holdings in CDW by 0.9% in the third quarter. FineMark National Bank & Trust now owns 82,810 shares of the information technology services provider’s stock worth $7,363,000 after purchasing an additional 752 shares in the last quarter. Finally, Shell Asset Management Co. boosted its holdings in CDW by 7.3% in the third quarter. Shell Asset Management Co. now owns 11,152 shares of the information technology services provider’s stock worth $992,000 after purchasing an additional 755 shares in the last quarter. Institutional investors and hedge funds own 89.85% of the company’s stock.

Shares of NASDAQ:CDW opened at $91.48 on Friday. The firm has a market capitalization of $14.08 billion, a P/E ratio of 23.58 and a beta of 1.03. CDW has a 1 year low of $66.88 and a 1 year high of $96.75. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.41 and a quick ratio of 1.24.

CDW (NASDAQ:CDW) last released its quarterly earnings results on Wednesday, October 31st. The information technology services provider reported $1.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.08. CDW had a net margin of 4.24% and a return on equity of 70.39%. The company had revenue of $4.37 billion during the quarter, compared to analysts’ expectations of $4.24 billion. During the same period in the prior year, the company earned $1.08 earnings per share. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. As a group, equities analysts anticipate that CDW will post 4.88 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Monday, November 26th will be issued a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 1.29%. This is a boost from CDW’s previous quarterly dividend of $0.21. The ex-dividend date is Friday, November 23rd. CDW’s dividend payout ratio is 30.41%.

In other CDW news, insider Thomas E. Richards sold 16,667 shares of the company’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $88.92, for a total transaction of $1,482,029.64. Following the completion of the sale, the insider now directly owns 616,742 shares in the company, valued at $54,840,698.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Matthew A. Troka sold 6,139 shares of the company’s stock in a transaction dated Thursday, December 6th. The shares were sold at an average price of $91.99, for a total transaction of $564,726.61. Following the sale, the insider now owns 61,974 shares of the company’s stock, valued at $5,700,988.26. The disclosure for this sale can be found here. Insiders have sold 91,253 shares of company stock valued at $7,950,692 over the last 90 days. Corporate insiders own 2.60% of the company’s stock.

A number of equities research analysts recently issued reports on CDW shares. Zacks Investment Research cut shares of CDW from a “buy” rating to a “hold” rating in a report on Wednesday, October 3rd. ValuEngine cut shares of CDW from a “buy” rating to a “hold” rating in a report on Monday, October 8th. Finally, BidaskClub cut shares of CDW from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $88.63.

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CDW Company Profile

CDW Corporation provides integrated information technology (IT) solutions to business, government, education, and healthcare customers in the United States, Canada, and the United Kingdom. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products, as well as integrated IT solutions, including mobility, security, data center optimization, cloud computing, virtualization, and collaboration.

Read More: Fundamental Analysis – How It Helps Investors

Institutional Ownership by Quarter for CDW (NASDAQ:CDW)

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