CDW Corporation $CDW Shares Acquired by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC boosted its holdings in CDW Corporation (NASDAQ:CDW) by 48.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,433 shares of the information technology services provider’s stock after purchasing an additional 2,111 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in CDW were worth $1,149,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in CDW by 365.3% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 67,632 shares of the information technology services provider’s stock valued at $10,838,000 after acquiring an additional 53,098 shares in the last quarter. Brown Advisory Inc. increased its position in shares of CDW by 43.6% in the 1st quarter. Brown Advisory Inc. now owns 2,057 shares of the information technology services provider’s stock worth $330,000 after purchasing an additional 625 shares during the last quarter. Picton Mahoney Asset Management acquired a new stake in shares of CDW in the 1st quarter valued at about $1,310,000. Federated Hermes Inc. raised its stake in shares of CDW by 364.5% in the 1st quarter. Federated Hermes Inc. now owns 5,072 shares of the information technology services provider’s stock valued at $813,000 after purchasing an additional 3,980 shares in the last quarter. Finally, LPL Financial LLC lifted its position in shares of CDW by 63.1% during the first quarter. LPL Financial LLC now owns 68,736 shares of the information technology services provider’s stock worth $11,016,000 after purchasing an additional 26,604 shares during the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CDW. Evercore ISI lowered their price objective on CDW from $215.00 to $200.00 and set an “outperform” rating for the company in a report on Monday, October 20th. UBS Group lowered their price target on CDW from $200.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Weiss Ratings restated a “hold (c-)” rating on shares of CDW in a research note on Thursday, October 30th. JPMorgan Chase & Co. lifted their price objective on shares of CDW from $185.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, July 17th. Finally, Barclays dropped their target price on shares of CDW from $176.00 to $148.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 5th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, CDW currently has a consensus rating of “Hold” and an average price target of $196.29.

CDW Stock Up 3.3%

CDW stock opened at $147.39 on Thursday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.30 and a current ratio of 1.39. CDW Corporation has a one year low of $137.31 and a one year high of $222.92. The company has a 50-day simple moving average of $157.09 and a 200-day simple moving average of $168.45. The firm has a market capitalization of $19.19 billion, a P/E ratio of 18.61, a P/E/G ratio of 1.99 and a beta of 1.03.

CDW Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be given a $0.63 dividend. This is a positive change from CDW’s previous quarterly dividend of $0.63. The ex-dividend date is Tuesday, November 25th. This represents a $2.52 annualized dividend and a yield of 1.7%. CDW’s payout ratio is currently 31.57%.

CDW Company Profile

CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products and services, as well as integrated IT solutions, including on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security.