111 Capital Has $201,000 Position in CDW Corporation $CDW

111 Capital lowered its holdings in CDW Corporation (NASDAQ:CDW) by 76.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,479 shares of the information technology services provider’s stock after selling 4,931 shares during the quarter. 111 Capital’s holdings in CDW were worth $201,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in CDW by 35.5% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 66,926 shares of the information technology services provider’s stock worth $9,115,000 after acquiring an additional 17,541 shares during the last quarter. New Mexico Educational Retirement Board boosted its holdings in CDW by 1.7% during the 4th quarter. New Mexico Educational Retirement Board now owns 6,050 shares of the information technology services provider’s stock worth $824,000 after acquiring an additional 100 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in CDW by 20.5% during the 4th quarter. BNP Paribas Financial Markets now owns 284,965 shares of the information technology services provider’s stock worth $38,812,000 after acquiring an additional 48,547 shares during the last quarter. Allstate Corp boosted its holdings in CDW by 93.4% during the 4th quarter. Allstate Corp now owns 9,996 shares of the information technology services provider’s stock worth $1,361,000 after acquiring an additional 4,827 shares during the last quarter. Finally, Catalyst Funds Management Pty Ltd purchased a new position in CDW during the 4th quarter worth $1,294,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CDW shares. Barclays cut their price objective on shares of CDW from $144.00 to $123.00 and set an “equal weight” rating on the stock in a report on Thursday, May 7th. Raymond James Financial set a $150.00 price objective on shares of CDW in a report on Wednesday, May 6th. Royal Bank Of Canada raised shares of CDW to an “outperform” rating and set a $130.00 price objective on the stock in a report on Wednesday, May 27th. Weiss Ratings downgraded shares of CDW from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, May 26th. Finally, Citigroup lowered their target price on CDW from $150.00 to $123.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $140.63.

CDW Stock Performance

Shares of CDW stock opened at $133.04 on Monday. CDW Corporation has a 52-week low of $97.12 and a 52-week high of $183.91. The stock’s 50-day simple moving average is $122.51 and its 200 day simple moving average is $128.93. The stock has a market capitalization of $17.00 billion, a P/E ratio of 16.18, a P/E/G ratio of 1.78 and a beta of 1.00. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.16.

CDW (NASDAQ:CDW) last announced its quarterly earnings data on Wednesday, May 6th. The information technology services provider reported $2.28 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.28. CDW had a return on equity of 49.67% and a net margin of 4.70%.The business had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same period in the previous year, the business posted $2.15 EPS. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. As a group, research analysts anticipate that CDW Corporation will post 10.09 EPS for the current year.

CDW Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 25th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, May 22nd. CDW’s payout ratio is currently 30.66%.

Insider Transactions at CDW

In other news, Director David W. Nelms bought 18,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was acquired at an average price of $111.43 per share, with a total value of $2,005,740.00. Following the completion of the purchase, the director directly owned 51,025 shares in the company, valued at $5,685,715.75. This represents a 54.50% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.82% of the stock is currently owned by corporate insiders.

CDW Company Profile

CDW (NASDAQ: CDW) is a leading provider of information technology products and integrated solutions for business, government, education and healthcare customers. The company sources and resells hardware and software from major technology vendors and packages those products with professional services, managed services and lifecycle support. Its offerings span IT infrastructure, cloud and data center solutions, cybersecurity, networking, unified communications, endpoint devices, and software licensing and procurement services designed to simplify IT operations for customers.

CDW combines a broad product portfolio with consultative sales, implementation and technical support capabilities.