Tudor Investment Corp ET AL Sells 32,437 Shares of CDW Corporation $CDW

Tudor Investment Corp ET AL lowered its position in shares of CDW Corporation (NASDAQ:CDW) by 38.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,097 shares of the information technology services provider’s stock after selling 32,437 shares during the period. Tudor Investment Corp ET AL’s holdings in CDW were worth $8,139,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Jones Financial Companies Lllp grew its holdings in CDW by 316.0% during the 1st quarter. Jones Financial Companies Lllp now owns 4,896 shares of the information technology services provider’s stock worth $785,000 after acquiring an additional 3,719 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of CDW by 1.2% in the 1st quarter. Empowered Funds LLC now owns 18,076 shares of the information technology services provider’s stock valued at $2,897,000 after purchasing an additional 216 shares in the last quarter. Handelsbanken Fonder AB lifted its position in shares of CDW by 5.0% in the 2nd quarter. Handelsbanken Fonder AB now owns 27,012 shares of the information technology services provider’s stock worth $4,824,000 after purchasing an additional 1,298 shares during the period. DNB Asset Management AS lifted its position in shares of CDW by 733.9% in the 2nd quarter. DNB Asset Management AS now owns 25,641 shares of the information technology services provider’s stock worth $4,579,000 after purchasing an additional 22,566 shares during the period. Finally, Mufg Securities Americas Inc. boosted its stake in shares of CDW by 23.7% during the second quarter. Mufg Securities Americas Inc. now owns 2,918 shares of the information technology services provider’s stock valued at $521,000 after purchasing an additional 559 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors.

CDW Trading Down 0.1%

NASDAQ:CDW opened at $120.16 on Tuesday. CDW Corporation has a 52 week low of $112.98 and a 52 week high of $192.30. The firm has a 50 day moving average of $126.28 and a 200 day moving average of $141.26. The company has a quick ratio of 1.10, a current ratio of 1.18 and a debt-to-equity ratio of 1.77. The stock has a market capitalization of $15.50 billion, a price-to-earnings ratio of 14.85, a PEG ratio of 1.66 and a beta of 1.06.

CDW (NASDAQ:CDW) last released its quarterly earnings results on Wednesday, February 4th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.13. The business had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.33 billion. CDW had a net margin of 4.76% and a return on equity of 50.66%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.48 earnings per share. As a group, sell-side analysts anticipate that CDW Corporation will post 9.41 earnings per share for the current fiscal year.

CDW Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Wednesday, February 25th were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.1%. The ex-dividend date was Wednesday, February 25th. CDW’s payout ratio is 31.15%.

Analyst Upgrades and Downgrades

CDW has been the topic of several research reports. Evercore reissued an “outperform” rating and set a $180.00 price objective on shares of CDW in a report on Tuesday, January 20th. UBS Group dropped their target price on CDW from $190.00 to $162.00 and set a “buy” rating on the stock in a research report on Thursday, February 5th. Weiss Ratings reiterated a “hold (c-)” rating on shares of CDW in a report on Tuesday, January 27th. Barclays reduced their price target on CDW from $148.00 to $144.00 and set an “equal weight” rating for the company in a research report on Thursday, February 5th. Finally, Raymond James Financial upgraded CDW from an “outperform” rating to a “strong-buy” rating and set a $185.00 price objective for the company in a research note on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, CDW currently has a consensus rating of “Moderate Buy” and a consensus target price of $160.43.

CDW Profile

CDW (NASDAQ: CDW) is a leading provider of information technology products and integrated solutions for business, government, education and healthcare customers. The company sources and resells hardware and software from major technology vendors and packages those products with professional services, managed services and lifecycle support. Its offerings span IT infrastructure, cloud and data center solutions, cybersecurity, networking, unified communications, endpoint devices, and software licensing and procurement services designed to simplify IT operations for customers.

CDW combines a broad product portfolio with consultative sales, implementation and technical support capabilities.