Caxton Associates LP Sells 478 Shares of CDW (NASDAQ:CDW)
Caxton Associates LP lessened its holdings in CDW (NASDAQ:CDW) by 19.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,955 shares of the information technology services provider’s stock after selling 478 shares during the quarter. Caxton Associates LP’s holdings in CDW were worth $279,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of the stock. Voya Investment Management LLC increased its holdings in shares of CDW by 82.6% in the third quarter. Voya Investment Management LLC now owns 2,294,177 shares of the information technology services provider’s stock worth $282,734,000 after buying an additional 1,037,998 shares during the period. Redpoint Investment Management Pty Ltd grew its position in CDW by 6.0% during the 3rd quarter. Redpoint Investment Management Pty Ltd now owns 7,107 shares of the information technology services provider’s stock worth $876,000 after acquiring an additional 402 shares during the last quarter. New Mexico Educational Retirement Board bought a new position in CDW during the 3rd quarter worth approximately $1,380,000. State Street Corp increased its stake in CDW by 76.7% in the 3rd quarter. State Street Corp now owns 5,936,232 shares of the information technology services provider’s stock worth $731,581,000 after purchasing an additional 2,576,865 shares during the period. Finally, Merit Financial Group LLC increased its stake in CDW by 3.8% in the 3rd quarter. Merit Financial Group LLC now owns 4,659 shares of the information technology services provider’s stock worth $574,000 after purchasing an additional 172 shares during the period. Institutional investors own 93.77% of the company’s stock.
In other CDW news, insider Robert F. Kirby sold 1,300 shares of CDW stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $137.47, for a total value of $178,711.00. Following the completion of the transaction, the insider now directly owns 27,534 shares of the company’s stock, valued at $3,785,098.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark Chong sold 6,000 shares of CDW stock in a transaction dated Friday, February 14th. The stock was 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 directly owns 17,997 shares of the company’s stock, valued at $2,492,764.47. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,200 shares of company stock valued at $1,686,428. 2.25% of the stock is owned by insiders.
CDW opened at $91.91 on Thursday. CDW has a one year low of $73.39 and a one year high of $146.09. The company has a debt-to-equity ratio of 3.56, a current ratio of 1.24 and a quick ratio of 1.07. The business has a 50 day simple moving average of $115.52 and a two-hundred day simple moving average of $127.68. The firm has a market capitalization of $13.40 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 1.10 and a beta of 1.12.
CDW (NASDAQ:CDW) last posted its earnings results on Thursday, February 6th. The information technology services provider reported $1.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.48 by $0.09. CDW had a return on equity of 94.72% and a net margin of 4.09%. The firm had revenue of $4.54 billion for the quarter, compared to analysts’ expectations of $4.40 billion. During the same period in the previous year, the firm earned $1.32 earnings per share. The business’s revenue was up 11.3% compared to the same quarter last year. As a group, sell-side analysts expect that CDW will post 6.52 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 25th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Monday, February 24th. CDW’s dividend payout ratio is currently 25.25%.
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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