Exencial Wealth Advisors LLC raised its position in CDW (NASDAQ:CDW) by 14.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 4,046 shares of the information technology services provider’s stock after purchasing an additional 500 shares during the period. Exencial Wealth Advisors LLC’s holdings in CDW were worth $390,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Amundi Pioneer Asset Management Inc. increased its stake in shares of CDW by 1.5% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 4,658,385 shares of the information technology services provider’s stock worth $377,563,000 after acquiring an additional 70,058 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of CDW by 5.9% in the 1st quarter. JPMorgan Chase & Co. now owns 3,053,205 shares of the information technology services provider’s stock worth $294,237,000 after acquiring an additional 168,943 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of CDW by 11.9% in the 4th quarter. Geode Capital Management LLC now owns 1,598,078 shares of the information technology services provider’s stock worth $129,445,000 after acquiring an additional 169,507 shares during the last quarter. Norges Bank acquired a new stake in shares of CDW in the 4th quarter worth $117,816,000. Finally, Northern Trust Corp increased its stake in shares of CDW by 28.0% in the 4th quarter. Northern Trust Corp now owns 1,152,947 shares of the information technology services provider’s stock worth $93,447,000 after acquiring an additional 252,256 shares during the last quarter. Institutional investors own 90.66% of the company’s stock.

Shares of NASDAQ:CDW opened at $106.09 on Thursday. The company has a debt-to-equity ratio of 3.61, a current ratio of 1.29 and a quick ratio of 1.10. The stock has a market cap of $15.53 billion, a P/E ratio of 20.80 and a beta of 1.07. CDW has a 12-month low of $74.32 and a 12-month high of $111.59.

CDW (NASDAQ:CDW) last issued its quarterly earnings data on Wednesday, May 1st. The information technology services provider reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.13. The firm had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.77 billion. CDW had a return on equity of 77.94% and a net margin of 4.03%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the company earned $1.05 EPS. On average, sell-side analysts forecast that CDW will post 5.54 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Friday, May 24th will be given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Thursday, May 23rd. CDW’s payout ratio is 23.14%.

A number of analysts have issued reports on the company. BidaskClub raised CDW from a “hold” rating to a “buy” rating in a research note on Thursday, February 14th. ValuEngine raised CDW from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Credit Suisse Group assumed coverage on CDW in a research note on Thursday, April 11th. They issued an “outperform” rating and a $117.00 target price for the company. Northcoast Research downgraded 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. Finally, Stifel Nicolaus downgraded CDW from a “buy” rating to a “hold” rating and raised their target price for the stock from $100.00 to $105.00 in a research note on Wednesday, April 17th. Four 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 stock. The company currently has an average rating of “Buy” and an average target price of $104.83.

In related news, insider Robert F. Kirby sold 1,300 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $102.86, for a total transaction of $133,718.00. Following the completion of the sale, the insider now directly owns 37,670 shares of the company’s stock, valued at approximately $3,874,736.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas E. Richards sold 16,636 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $105.32, for a total value of $1,752,103.52. Following the sale, the insider now directly owns 643,899 shares of the company’s stock, valued at $67,815,442.68. The disclosure for this sale can be found here. Insiders have sold a total of 30,305 shares of company stock valued at $3,107,548 over the last three months. Corporate insiders own 2.25% of the company’s stock.

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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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