Hennessy Advisors Inc. decreased its holdings in CDW (NASDAQ:CDW) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,568 shares of the information technology services provider’s stock after selling 1,035 shares during the quarter. Hennessy Advisors Inc.’s holdings in CDW were worth $3,938,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its position in CDW by 12.1% in the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 13,646 shares of the information technology services provider’s stock valued at $1,949,000 after purchasing an additional 1,469 shares during the last quarter. Douglass Winthrop Advisors LLC raised its position in CDW by 160.0% in the 4th quarter. Douglass Winthrop Advisors LLC now owns 5,332 shares of the information technology services provider’s stock valued at $762,000 after purchasing an additional 3,281 shares during the last quarter. Gateway Investment Advisers LLC raised its position in CDW by 44.2% in the 4th quarter. Gateway Investment Advisers LLC now owns 147,451 shares of the information technology services provider’s stock valued at $21,062,000 after purchasing an additional 45,163 shares during the last quarter. Private Trust Co. NA bought a new position in CDW in the 4th quarter valued at $644,000. Finally, Cox Capital Mgt LLC raised its position in CDW by 1.7% in the 4th quarter. Cox Capital Mgt LLC now owns 20,419 shares of the information technology services provider’s stock valued at $2,917,000 after purchasing an additional 336 shares during the last quarter. Hedge funds and other institutional investors own 94.50% of the company’s stock.
NASDAQ CDW opened at $143.96 on Wednesday. The stock has a fifty day moving average of $139.91 and a 200-day moving average of $124.81. The stock has a market capitalization of $20.68 billion, a P/E ratio of 28.23, a price-to-earnings-growth ratio of 1.72 and a beta of 1.07. CDW has a 52 week low of $79.08 and a 52 week high of $145.06. The company has a debt-to-equity ratio of 3.57, a quick ratio of 1.14 and a current ratio of 1.33.
CDW (NASDAQ:CDW) last released its earnings results on Thursday, October 31st. The information technology services provider reported $1.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.58 by $0.12. The company had revenue of $4.91 billion during the quarter, compared to analysts’ expectations of $4.66 billion. CDW had a return on equity of 91.07% and a net margin of 4.04%. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the firm earned $1.42 EPS. Equities research analysts forecast that CDW will post 5.77 earnings per share for the current fiscal year.
In related news, insider Douglas E. Eckrote sold 5,000 shares of CDW stock in a transaction on Monday, November 4th. The stock was sold at an average price of $132.43, for a total transaction of $662,150.00. Following the completion of the sale, the insider now directly owns 147,281 shares of the company’s stock, valued at $19,504,422.83. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Thomas E. Richards sold 50,000 shares of CDW stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $139.43, for a total value of $6,971,500.00. Following the sale, the insider now directly owns 597,733 shares of the company’s stock, valued at $83,341,912.19. The disclosure for this sale can be found here. Insiders sold a total of 111,752 shares of company stock valued at $15,203,577 over the last three months. Insiders own 2.25% of the company’s stock.
Several brokerages have issued reports on CDW. ValuEngine downgraded CDW from a “hold” rating to a “sell” rating in a research report on Friday, January 3rd. Zacks Investment Research downgraded CDW from a “buy” rating to a “hold” rating and set a $150.00 price objective for the company. in a research report on Thursday, January 2nd. BidaskClub upgraded CDW from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 2nd. Finally, Morgan Stanley set a $126.00 price objective on CDW and gave the company a “hold” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. CDW has an average rating of “Hold” and an average price target of $125.25.
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.
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