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 has been the subject of several recent research reports. 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 cut shares of CDW from a “buy” rating to a “hold” rating in a report on Tuesday, March 3rd. ValuEngine raised shares of CDW from a “sell” rating to a “hold” rating in a research note on Tuesday, March 3rd. Credit Suisse Group reiterated a “buy” rating and set a $155.00 price target on shares of CDW in a report on Tuesday, January 21st. Finally, Bank of America dropped their price target on shares of CDW from $150.00 to $125.00 and set a “buy” rating for the company in a research report on Monday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $124.50.

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%.

About CDW

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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