Atwood & Palmer Inc. reduced its holdings in CDW (NASDAQ:CDW) by 1.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 401,514 shares of the information technology services provider’s stock after selling 4,674 shares during the quarter. CDW makes up 5.5% of Atwood & Palmer Inc.’s portfolio, making the stock its 2nd biggest position. Atwood & Palmer Inc.’s holdings in CDW were worth $38,694,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of CDW. Financial Counselors Inc. lifted its position in CDW by 3.9% in the 4th quarter. Financial Counselors Inc. now owns 3,313 shares of the information technology services provider’s stock valued at $269,000 after purchasing an additional 125 shares during the last quarter. First Mercantile Trust Co. lifted its position in CDW by 9.7% in the 4th quarter. First Mercantile Trust Co. now owns 1,470 shares of the information technology services provider’s stock valued at $119,000 after purchasing an additional 130 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in CDW by 3.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 4,903 shares of the information technology services provider’s stock valued at $397,000 after purchasing an additional 143 shares during the last quarter. First Hawaiian Bank lifted its position in CDW by 0.8% in the 1st quarter. First Hawaiian Bank now owns 19,642 shares of the information technology services provider’s stock valued at $1,893,000 after purchasing an additional 158 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its position in CDW by 4.7% in the 4th quarter. Mackenzie Financial Corp now owns 3,619 shares of the information technology services provider’s stock valued at $293,000 after purchasing an additional 164 shares during the last quarter. Institutional investors own 91.05% of the company’s stock.

Shares of CDW traded up $1.18 during mid-day trading on Tuesday, hitting $106.10. The company’s stock had a trading volume of 738,907 shares, compared to its average volume of 835,500. The stock has a market capitalization of $15.41 billion, a P/E ratio of 20.80 and a beta of 1.05. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.35 and a quick ratio of 1.19. CDW has a fifty-two week low of $69.97 and a fifty-two week high of $108.57.

CDW (NASDAQ:CDW) last announced its quarterly earnings data on Thursday, February 7th. The information technology services provider reported $1.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.11. The company had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.04 billion. CDW had a net margin of 3.96% and a return on equity of 74.63%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 EPS. As a group, equities research analysts forecast that CDW will post 5.43 EPS for the current fiscal year.

Several equities analysts have commented on the stock. BidaskClub cut shares of CDW from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Stifel Nicolaus cut shares of CDW from a “buy” rating to a “hold” rating and raised their target price for the company from $100.00 to $105.00 in a research note on Wednesday, April 17th. Credit Suisse Group assumed coverage on shares of CDW in a research note on Thursday, April 11th. They set an “outperform” rating and a $117.00 target price on the stock. Finally, Zacks Investment Research cut shares of CDW from a “buy” rating to a “hold” rating in a research note on Tuesday, January 1st. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $99.33.

In related news, insider Thomas E. Richards sold 16,636 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $105.32, for a total transaction of $1,752,103.52. Following the completion of the sale, the insider now directly owns 643,899 shares in the company, valued at $67,815,442.68. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Christina M. Corley sold 3,567 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $96.70, for a total transaction of $344,928.90. Following the sale, the insider now owns 643,052 shares of the company’s stock, valued at $62,183,128.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 99,463 shares of company stock worth $9,315,140. 2.60% of the stock is currently owned by insiders.

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CDW 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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Institutional Ownership by Quarter for CDW (NASDAQ:CDW)

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