CDW Corporation $CDW Holdings Increased by WINTON GROUP Ltd

WINTON GROUP Ltd increased its stake in CDW Corporation (NASDAQ:CDW) by 1,136.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,502 shares of the information technology services provider’s stock after acquiring an additional 42,742 shares during the period. WINTON GROUP Ltd’s holdings in CDW were worth $6,540,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hollencrest Capital Management boosted its stake in CDW by 909.1% during the 1st quarter. Hollencrest Capital Management now owns 222 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 200 shares in the last quarter. Allied Private Wealth LLC acquired a new position in shares of CDW during the 2nd quarter valued at $28,000. Keating Financial Advisory Services Inc. bought a new stake in shares of CDW in the 2nd quarter worth $28,000. Community Bank N.A. bought a new stake in shares of CDW in the 2nd quarter worth $31,000. Finally, Root Financial Partners LLC lifted its holdings in shares of CDW by 54.7% in the first quarter. Root Financial Partners LLC now owns 263 shares of the information technology services provider’s stock valued at $32,000 after buying an additional 93 shares during the period. Institutional investors own 93.15% of the company’s stock.

Insider Buying and Selling

In other CDW news, insider Elizabeth Connelly sold 26,695 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $137.62, for a total transaction of $3,673,765.90. Following the completion of the sale, the insider directly owned 34,215 shares of the company’s stock, valued at approximately $4,708,668.30. This represents a 43.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.82% of the company’s stock.

CDW Stock Performance

CDW opened at $142.37 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.17 and a debt-to-equity ratio of 1.97. The firm has a market cap of $17.80 billion, a PE ratio of 17.11, a P/E/G ratio of 1.89 and a beta of 0.95. The business has a fifty day simple moving average of $140.36 and a 200-day simple moving average of $129.72. CDW Corporation has a fifty-two week low of $97.12 and a fifty-two week high of $171.55.

CDW (NASDAQ:CDW) last announced its earnings results on Wednesday, August 5th. The information technology services provider reported $2.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.80 by $0.11. CDW had a return on equity of 50.61% and a net margin of 4.60%.The company had revenue of $6.57 billion for the quarter, compared to analyst estimates of $6.21 billion. During the same period in the previous year, the firm earned $2.60 earnings per share. CDW’s revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, equities analysts predict that CDW Corporation will post 10.33 EPS for the current fiscal year.

CDW Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Tuesday, August 25th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.8%. The ex-dividend date is Tuesday, August 25th. CDW’s payout ratio is presently 30.29%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CDW. JPMorgan Chase & Co. raised CDW from a “neutral” rating to an “overweight” rating and set a $130.00 target price for the company in a research note on Wednesday, May 27th. Morgan Stanley boosted their price target on shares of CDW from $170.00 to $171.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Royal Bank Of Canada raised shares of CDW to an “outperform” rating and set a $130.00 price target for the company in a report on Wednesday, May 27th. Weiss Ratings upgraded shares of CDW from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 25th. Finally, Citigroup lifted their price objective on shares of CDW from $123.00 to $145.00 and gave the stock a “neutral” rating in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, CDW has a consensus rating of “Moderate Buy” and a consensus target price of $150.38.

CDW Profile

CDW Corporation (NASDAQ: CDW) is a provider of technology products and services for businesses, government agencies, educational institutions and healthcare organizations. The company helps customers design, acquire, configure and manage information technology environments.

Its offerings include computers, servers, networking equipment, software, data storage, cybersecurity products, cloud solutions and collaboration tools. CDW also provides professional, managed and lifecycle services, including solution design, implementation, security support, cloud management and IT asset management.

Founded in 1984, CDW serves customers primarily in the United States, Canada and the United Kingdom through a combination of sales specialists, technology partners and digital commerce platforms.