United Capital Financial Advisers LLC decreased its holdings in CDW (NASDAQ:CDW) by 6.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 17,877 shares of the information technology services provider’s stock after selling 1,146 shares during the quarter. United Capital Financial Advisers LLC’s holdings in CDW were worth $1,984,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CDW. Dimensional Fund Advisors LP raised its position in CDW by 3.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 890,811 shares of the information technology services provider’s stock worth $72,196,000 after acquiring an additional 28,710 shares in the last quarter. Geode Capital Management LLC grew its holdings in CDW by 11.9% in the fourth quarter. Geode Capital Management LLC now owns 1,598,078 shares of the information technology services provider’s stock valued at $129,445,000 after purchasing an additional 169,507 shares during the last quarter. Toronto Dominion Bank grew its holdings in CDW by 32.5% in the first quarter. Toronto Dominion Bank now owns 27,007 shares of the information technology services provider’s stock valued at $2,602,000 after purchasing an additional 6,620 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its holdings in CDW by 2.2% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 9,073 shares of the information technology services provider’s stock valued at $874,000 after purchasing an additional 196 shares during the last quarter. Finally, New York State Common Retirement Fund grew its holdings in CDW by 11.0% in the first quarter. New York State Common Retirement Fund now owns 455,444 shares of the information technology services provider’s stock valued at $43,891,000 after purchasing an additional 45,019 shares during the last quarter. Hedge funds and other institutional investors own 91.38% of the company’s stock.

Shares of CDW traded up $2.05 during trading hours on Thursday, reaching $122.43. 79,350 shares of the company traded hands, compared to its average volume of 673,914. The company has a quick ratio of 1.09, a current ratio of 1.28 and a debt-to-equity ratio of 3.57. The stock has a market capitalization of $17.71 billion, a PE ratio of 24.02, a price-to-earnings-growth ratio of 1.54 and a beta of 1.10. CDW has a fifty-two week low of $74.32 and a fifty-two week high of $122.20. The stock has a fifty day simple moving average of $114.11 and a 200 day simple moving average of $107.03.

CDW (NASDAQ:CDW) last posted its quarterly earnings data on Wednesday, July 31st. The information technology services provider reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.10. The business had revenue of $4.63 billion for the quarter, compared to analyst estimates of $4.50 billion. CDW had a return on equity of 82.78% and a net margin of 4.07%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.38 earnings per share. Research analysts predict that CDW will post 5.62 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were paid a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Friday, August 23rd. CDW’s payout ratio is currently 23.14%.

In other CDW news, insider Thomas E. Richards sold 62,222 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $113.66, for a total value of $7,072,152.52. Following the sale, the insider now directly owns 639,998 shares of the company’s stock, valued at approximately $72,742,172.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Robert F. Kirby sold 1,300 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $111.60, for a total value of $145,080.00. Following the completion of the sale, the insider now directly owns 32,470 shares in the company, valued at $3,623,652. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 130,673 shares of company stock worth $14,744,616. Corporate insiders own 2.25% of the company’s stock.

Several research firms have weighed in on CDW. Evercore ISI began coverage on CDW in a report on Wednesday, June 5th. They issued an “outperform” rating and a $120.00 target price on the stock. Zacks Investment Research raised CDW from a “hold” rating to a “strong-buy” rating and set a $113.00 target price on the stock in a report on Tuesday, August 6th. Bank of America began coverage on CDW in a report on Tuesday, July 30th. They issued a “buy” rating and a $140.00 target price on the stock. Morgan Stanley upped their target price on CDW from $97.00 to $106.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. Finally, BidaskClub raised CDW from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $118.13.

CDW Profile

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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