Lingohr & Partner Asset Management GmbH bought a new stake in shares of CDW Corporation (NASDAQ:CDW) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,849 shares of the information technology services provider’s stock, valued at approximately $683,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Teachers Advisors LLC raised its holdings in CDW Corporation by 70.0% during the first quarter. Teachers Advisors LLC now owns 242,945 shares of the information technology services provider’s stock valued at $14,020,000 after acquiring an additional 100,013 shares during the period. Dimensional Fund Advisors LP raised its holdings in CDW Corporation by 1.2% during the first quarter. Dimensional Fund Advisors LP now owns 863,133 shares of the information technology services provider’s stock valued at $49,809,000 after acquiring an additional 9,891 shares during the period. James Investment Research Inc. raised its holdings in CDW Corporation by 803.4% during the second quarter. James Investment Research Inc. now owns 23,940 shares of the information technology services provider’s stock valued at $1,497,000 after acquiring an additional 21,290 shares during the period. Aperio Group LLC raised its holdings in CDW Corporation by 8.2% during the second quarter. Aperio Group LLC now owns 41,079 shares of the information technology services provider’s stock valued at $2,569,000 after acquiring an additional 3,099 shares during the period. Finally, First Quadrant L P CA raised its holdings in CDW Corporation by 76.1% during the second quarter. First Quadrant L P CA now owns 219,516 shares of the information technology services provider’s stock valued at $13,726,000 after acquiring an additional 94,881 shares during the period. Institutional investors own 91.25% of the company’s stock.

In other CDW Corporation news, insider Thomas E. Richards sold 16,861 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $58.73, for a total transaction of $990,246.53. Following the completion of the transaction, the insider now owns 714,931 shares in the company, valued at $41,987,897.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ann Elizabeth Ziegler sold 39,147 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $68.94, for a total value of $2,698,794.18. Following the transaction, the insider now owns 47,477 shares of the company’s stock, valued at approximately $3,273,064.38. The disclosure for this sale can be found here. Insiders have sold 140,788 shares of company stock valued at $9,208,767 in the last 90 days. Company insiders own 2.60% of the company’s stock.

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Shares of CDW Corporation (NASDAQ CDW) traded up $0.10 during midday trading on Monday, reaching $67.26. The company’s stock had a trading volume of 950,300 shares, compared to its average volume of 816,592. The company has a quick ratio of 1.15, a current ratio of 1.37 and a debt-to-equity ratio of 4.20. CDW Corporation has a 52 week low of $44.54 and a 52 week high of $71.53. The company has a market capitalization of $10,295.00, a PE ratio of 19.00 and a beta of 1.08.

CDW Corporation (NASDAQ:CDW) last announced its earnings results on Wednesday, November 1st. The information technology services provider reported $1.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.06. CDW Corporation had a return on equity of 62.71% and a net margin of 2.90%. The business had revenue of $4.03 billion during the quarter, compared to analyst estimates of $3.99 billion. During the same quarter in the previous year, the business earned $0.97 earnings per share. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. equities analysts predict that CDW Corporation will post 3.64 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 24th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Wednesday, November 22nd. This is a positive change from CDW Corporation’s previous quarterly dividend of $0.16. CDW Corporation’s payout ratio is 23.70%.

CDW Corporation announced that its Board of Directors has initiated a share repurchase plan on Thursday, August 3rd that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the information technology services provider to buy shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

A number of research firms have commented on CDW. Robert W. Baird reissued a “buy” rating and set a $75.00 price target on shares of CDW Corporation in a report on Wednesday, November 1st. BidaskClub cut CDW Corporation from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Zacks Investment Research cut CDW Corporation from a “hold” rating to a “strong sell” rating in a report on Friday, July 28th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $70.00 target price on shares of CDW Corporation in a report on Tuesday, October 17th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $71.00 target price (up from $70.00) on shares of CDW Corporation in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $67.85.

CDW Corporation Profile

CDW Corporation (CDW) is a provider of integrated information technology (IT) solutions in the United States, Canada and the United Kingdom. The Company’s segments include Corporate, Public and Other. The Corporate segment consists of private sector business customers in the United States based on employee size between Medium/Large customers, which primarily includes organizations with more than 100 employees, and Small Business customers, which primarily includes organizations with up to 100 employees.

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Institutional Ownership by Quarter for CDW Corporation (NASDAQ:CDW)

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