Lido Advisors LLC lowered its stake in shares of CDW (NASDAQ:CDW) by 30.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,028 shares of the information technology services provider’s stock after selling 1,338 shares during the quarter. Lido Advisors LLC’s holdings in CDW were worth $291,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Commonwealth Bank of Australia lifted its stake in CDW by 0.6% during the first quarter. Commonwealth Bank of Australia now owns 15,888 shares of the information technology services provider’s stock worth $1,526,000 after purchasing an additional 100 shares during the last quarter. Financial Counselors Inc. lifted its stake in CDW by 3.9% during the fourth quarter. Financial Counselors Inc. now owns 3,313 shares of the information technology services provider’s stock worth $269,000 after purchasing an additional 125 shares during the last quarter. First Mercantile Trust Co. lifted its stake in CDW by 9.7% during the fourth quarter. First Mercantile Trust Co. now owns 1,470 shares of the information technology services provider’s stock worth $119,000 after purchasing an additional 130 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in CDW by 3.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 4,903 shares of the information technology services provider’s stock worth $397,000 after purchasing an additional 143 shares during the last quarter. Finally, First Hawaiian Bank lifted its stake in CDW by 0.8% during the first quarter. First Hawaiian Bank now owns 19,642 shares of the information technology services provider’s stock worth $1,893,000 after purchasing an additional 158 shares during the last quarter. 90.75% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Christina M. Corley sold 3,567 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $96.70, for a total value of $344,928.90. Following the completion of the transaction, the insider now directly owns 643,052 shares in the company, valued at approximately $62,183,128.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert F. Kirby sold 1,300 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $102.86, for a total value of $133,718.00. Following the completion of the transaction, the insider now owns 37,670 shares of the company’s stock, valued at $3,874,736.20. The disclosure for this sale can be found here. Insiders sold a total of 25,103 shares of company stock valued at $2,613,358 over the last quarter. 2.25% of the stock is owned by corporate insiders.

Several equities research analysts have weighed in on CDW shares. BidaskClub cut CDW from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 23rd. ValuEngine upgraded CDW from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Credit Suisse Group started coverage on CDW in a research note on Thursday, April 11th. They set an “outperform” rating and a $117.00 target price for the company. Zacks Investment Research upgraded CDW from a “hold” rating to a “strong-buy” rating and set a $125.00 target price for the company in a research note on Tuesday, May 7th. Finally, Northcoast Research cut CDW from a “buy” rating to a “neutral” rating in a research note on Friday, April 26th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. CDW has a consensus rating of “Buy” and a consensus target price of $104.83.

NASDAQ CDW opened at $99.36 on Tuesday. The company has a debt-to-equity ratio of 3.61, a current ratio of 1.29 and a quick ratio of 1.10. CDW has a fifty-two week low of $74.32 and a fifty-two week high of $111.59. The firm has a market cap of $14.37 billion, a price-to-earnings ratio of 19.48 and a beta of 1.08.

CDW (NASDAQ:CDW) last announced its quarterly earnings results on Wednesday, May 1st. The information technology services provider reported $1.24 EPS for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.13. CDW had a return on equity of 77.94% and a net margin of 4.03%. The company had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the prior year, the company earned $1.05 EPS. CDW’s revenue was up 9.8% compared to the same quarter last year. As a group, analysts predict that CDW will post 5.54 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Friday, May 24th will be paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Thursday, May 23rd. CDW’s payout ratio is 23.14%.

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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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