Eagle Asset Management Inc. lowered its stake in shares of CDW Corp. (NASDAQ:CDW) by 2.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 421,664 shares of the company’s stock after selling 9,425 shares during the period. Eagle Asset Management Inc. owned 0.26% of CDW Corp. worth $19,282,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. FMR LLC increased its position in CDW Corp. by 1.6% in the second quarter. FMR LLC now owns 19,522,620 shares of the company’s stock valued at $782,467,000 after buying an additional 301,980 shares during the period. Vanguard Group Inc. increased its position in CDW Corp. by 6.3% in the second quarter. Vanguard Group Inc. now owns 13,243,713 shares of the company’s stock valued at $530,808,000 after buying an additional 783,804 shares during the period. Atlanta Capital Management Co. L L C increased its position in CDW Corp. by 14.2% in the second quarter. Atlanta Capital Management Co. L L C now owns 4,500,296 shares of the company’s stock valued at $180,371,000 after buying an additional 558,302 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in CDW Corp. by 10.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,962,618 shares of the company’s stock valued at $158,822,000 after buying an additional 360,691 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC increased its position in CDW Corp. by 1.8% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,300,293 shares of the company’s stock valued at $132,276,000 after buying an additional 58,894 shares during the period. Hedge funds and other institutional investors own 92.14% of the company’s stock.

Institutional Ownership by Quarter for CDW Corp. (NASDAQ:CDW)

Shares of CDW Corp. (NASDAQ:CDW) traded up 1.286% on Tuesday, reaching $52.365. 197,197 shares of the company’s stock were exchanged. CDW Corp. has a 12 month low of $30.40 and a 12 month high of $52.48. The company has a market capitalization of $8.40 billion, a P/E ratio of 21.304 and a beta of 0.96. The firm’s 50 day moving average price is $46.43 and its 200-day moving average price is $44.05.

CDW Corp. (NASDAQ:CDW) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $0.97 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.07. CDW Corp. had a net margin of 2.95% and a return on equity of 50.73%. The company earned $3.71 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same period in the prior year, the company earned $0.84 EPS. CDW Corp.’s revenue was up 5.9% on a year-over-year basis. On average, equities analysts anticipate that CDW Corp. will post $3.38 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Friday, November 25th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.24%. This is an increase from CDW Corp.’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Tuesday, November 22nd. CDW Corp.’s dividend payout ratio is presently 26.23%.

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A number of brokerages have recently commented on CDW. Robert W. Baird reiterated a “hold” rating on shares of CDW Corp. in a report on Wednesday, November 2nd. Raymond James Financial Inc. reiterated a “market perform” rating on shares of CDW Corp. in a report on Tuesday, August 2nd. Zacks Investment Research upgraded shares of CDW Corp. from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Thursday, November 3rd. RBC Capital Markets reiterated a “buy” rating and set a $48.00 price target on shares of CDW Corp. in a report on Friday, September 16th. Finally, Royal Bank Of Canada lifted their price target on shares of CDW Corp. from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Wednesday, November 16th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $48.88.

In other CDW Corp. news, insider Douglas E. Eckrote sold 80,000 shares of the company’s stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $44.04, for a total value of $3,523,200.00. Following the completion of the sale, the insider now directly owns 179,089 shares of the company’s stock, valued at approximately $7,887,079.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.20% of the stock is currently owned by company insiders.

CDW Corp. Company Profile

CDW Corporation (CDW) provides integrated information technology (IT) solutions. The Company’s segments include Corporate, Public and Other. The Corporate segment consists of private sector business customers. The Corporate segment is divided into a medium/large business customer channel, serving customers with approximately 100 employees and a small business customer channel, serving customers with over 100 employees.

5 Day Chart for NASDAQ:CDW

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