Alliancebernstein L.P. cut its holdings in CDW (NASDAQ:CDW) by 4.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,419,830 shares of the information technology services provider’s stock after selling 71,423 shares during the quarter. Alliancebernstein L.P. owned approximately 0.99% of CDW worth $202,809,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Private Ocean LLC acquired a new stake in shares of CDW in the fourth quarter valued at approximately $33,000. Orion Portfolio Solutions LLC acquired a new stake in shares of CDW in the fourth quarter valued at approximately $34,000. ICW Investment Advisors LLC acquired a new stake in shares of CDW in the fourth quarter valued at approximately $35,000. Nisa Investment Advisors LLC acquired a new stake in shares of CDW in the fourth quarter valued at approximately $43,000. Finally, Anderson Fisher LLC acquired a new stake in shares of CDW in the fourth quarter valued at approximately $48,000. Institutional investors and hedge funds own 93.77% of the company’s stock.
CDW has been the topic of a number of analyst reports. Evercore ISI initiated coverage on shares of CDW in a research report on Friday, February 7th. They set a “buy” rating and a $150.00 target price on the stock. Credit Suisse Group restated a “buy” rating and set a $155.00 target price on shares of CDW in a research report on Tuesday, January 21st. ValuEngine upgraded shares of CDW from a “sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. Zacks Investment Research lowered shares of CDW from a “buy” rating to a “hold” rating and set a $150.00 target price on the stock. in a research report on Thursday, January 2nd. Finally, BidaskClub lowered shares of CDW from a “buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $124.50.
In other CDW news, insider Robert F. Kirby sold 1,300 shares of CDW stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $143.89, for a total value of $187,057.00. Following the transaction, the insider now owns 27,270 shares in the company, valued at approximately $3,923,880.30. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Mark Chong sold 6,000 shares of CDW stock in a transaction on Friday, February 14th. The shares were sold at an average price of $138.51, for a total transaction of $831,060.00. Following the completion of the transaction, the insider now owns 17,997 shares in the company, valued at approximately $2,492,764.47. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,200 shares of company stock worth $1,686,428. 2.25% of the stock is owned by company insiders.
Shares of NASDAQ CDW opened at $91.91 on Thursday. CDW has a 1 year low of $73.39 and a 1 year high of $146.09. The firm’s 50 day moving average price is $115.52 and its 200 day moving average price is $127.68. The firm has a market cap of $12.22 billion, a P/E ratio of 18.42, a price-to-earnings-growth ratio of 1.00 and a beta of 1.12. The company has a debt-to-equity ratio of 3.56, a quick ratio of 1.07 and a current ratio of 1.24.
CDW (NASDAQ:CDW) last announced its earnings results on Thursday, February 6th. The information technology services provider reported $1.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.48 by $0.09. The firm had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.40 billion. CDW had a net margin of 4.09% and a return on equity of 94.72%. CDW’s revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.32 earnings per share. As a group, equities analysts predict that CDW will post 6.52 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 25th were issued a $0.38 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.65%. CDW’s dividend payout ratio (DPR) is presently 25.25%.
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.
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