Pegasus Partners Ltd. raised its stake in CDW Corp (NASDAQ:CDW) by 24.4% in the 4th quarter, Holdings Channel reports. The firm owned 24,792 shares of the information technology services provider’s stock after buying an additional 4,864 shares during the quarter. Pegasus Partners Ltd.’s holdings in CDW were worth $1,723,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CDW. USS Investment Management Ltd increased its position in shares of CDW by 60.1% during the fourth quarter. USS Investment Management Ltd now owns 2,476,491 shares of the information technology services provider’s stock valued at $172,153,000 after acquiring an additional 929,488 shares during the last quarter. Jennison Associates LLC increased its position in shares of CDW by 5.0% during the fourth quarter. Jennison Associates LLC now owns 1,948,499 shares of the information technology services provider’s stock valued at $135,401,000 after acquiring an additional 92,103 shares during the last quarter. American Century Companies Inc. increased its position in shares of CDW by 35.6% during the fourth quarter. American Century Companies Inc. now owns 1,647,091 shares of the information technology services provider’s stock valued at $114,456,000 after acquiring an additional 432,525 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of CDW by 1.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 814,983 shares of the information technology services provider’s stock valued at $56,634,000 after acquiring an additional 14,472 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of CDW by 1.7% during the third quarter. Bank of New York Mellon Corp now owns 792,658 shares of the information technology services provider’s stock valued at $52,315,000 after acquiring an additional 13,336 shares during the last quarter. 90.62% of the stock is owned by hedge funds and other institutional investors.

In other CDW news, insider Thomas E. Richards sold 13,721 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $72.93, for a total transaction of $1,000,672.53. Following the sale, the insider now owns 642,302 shares in the company, valued at $46,843,084.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christina V. Rother sold 7,702 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $68.58, for a total value of $528,203.16. Following the sale, the insider now owns 124,383 shares in the company, valued at approximately $8,530,186.14. The disclosure for this sale can be found here. Insiders sold 72,098 shares of company stock valued at $5,005,985 over the last ninety days. Corporate insiders own 2.60% of the company’s stock.

CDW Corp (CDW) opened at $69.37 on Wednesday. CDW Corp has a twelve month low of $55.80 and a twelve month high of $76.73. The company has a debt-to-equity ratio of 4.20, a current ratio of 1.37 and a quick ratio of 1.15. The company has a market capitalization of $10,455.72, a price-to-earnings ratio of 20.83 and a beta of 1.06.

CDW (NASDAQ:CDW) last posted its quarterly earnings results on Wednesday, February 7th. The information technology services provider reported $0.98 EPS for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.05. CDW had a return on equity of 68.41% and a net margin of 3.44%. The firm had revenue of $3.84 billion during the quarter, compared to analyst estimates of $3.85 billion. During the same period last year, the company earned $0.86 earnings per share. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. research analysts anticipate that CDW Corp will post 4.57 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Monday, February 26th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Friday, February 23rd. CDW’s payout ratio is currently 25.23%.

A number of analysts recently commented on CDW shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $70.00 price target on shares of CDW in a research report on Tuesday, October 17th. Zacks Investment Research raised CDW from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research report on Monday, October 30th. Robert W. Baird reaffirmed a “buy” rating and set a $75.00 price target on shares of CDW in a research report on Wednesday, November 1st. Morgan Stanley increased their price target on CDW from $58.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday, November 2nd. Finally, Barclays reaffirmed a “hold” rating and set a $69.00 price target on shares of CDW in a research report on Sunday, November 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. CDW presently has a consensus rating of “Buy” and a consensus price target of $72.00.

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CDW Company 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 (NASDAQ:CDW)

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