LPL Financial LLC Acquires 1,939 Shares of CDW (CDW)

LPL Financial LLC increased its holdings in shares of CDW (NASDAQ:CDW) by 19.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,042 shares of the information technology services provider’s stock after buying an additional 1,939 shares during the period. LPL Financial LLC’s holdings in CDW were worth $837,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of CDW by 22.9% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,018 shares of the information technology services provider’s stock worth $279,000 after buying an additional 748 shares during the last quarter. Public Employees Retirement Association of Colorado increased its stake in CDW by 2.7% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 30,998 shares of the information technology services provider’s stock valued at $2,154,000 after purchasing an additional 828 shares in the last quarter. BKD Wealth Advisors LLC increased its stake in CDW by 15.8% in the fourth quarter. BKD Wealth Advisors LLC now owns 6,460 shares of the information technology services provider’s stock valued at $449,000 after purchasing an additional 880 shares in the last quarter. Amalgamated Bank increased its stake in CDW by 3.1% in the fourth quarter. Amalgamated Bank now owns 29,903 shares of the information technology services provider’s stock valued at $2,078,000 after purchasing an additional 897 shares in the last quarter. Finally, Advisor Group Inc. increased its stake in CDW by 9.9% in the fourth quarter. Advisor Group Inc. now owns 11,093 shares of the information technology services provider’s stock valued at $771,000 after purchasing an additional 999 shares in the last quarter. 91.20% of the stock is owned by institutional investors and hedge funds.

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In related news, insider Neil B. Fairfield sold 700 shares of the stock in a transaction on Friday, March 9th. The shares were sold at an average price of $74.26, for a total transaction of $51,982.00. Following the completion of the transaction, the insider now owns 3,168 shares in the company, valued at $235,255.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christina M. Corley sold 4,000 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $67.81, for a total transaction of $271,240.00. Following the transaction, the insider now owns 35,843 shares of the company’s stock, valued at approximately $2,430,513.83. The disclosure for this sale can be found here. Insiders have sold 46,812 shares of company stock valued at $3,372,989 in the last three months. 2.60% of the stock is owned by insiders.

Several brokerages have commented on CDW. ValuEngine raised shares of CDW from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. BidaskClub raised shares of CDW from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 21st. Needham & Company LLC upped their target price on shares of CDW from $78.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, March 22nd. JPMorgan Chase began coverage on shares of CDW in a research note on Wednesday, March 7th. They issued a “neutral” rating and a $83.00 target price for the company. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $80.00 target price on shares of CDW in a research note on Monday, January 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $75.78.

Shares of CDW stock opened at $70.07 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.34 and a debt-to-equity ratio of 3.27. CDW has a 12-month low of $55.80 and a 12-month high of $76.73. The firm has a market cap of $10,680.47, a PE ratio of 18.06 and a beta of 1.08.

CDW (NASDAQ:CDW) last issued its quarterly earnings data on Wednesday, February 7th. The information technology services provider reported $0.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.05. CDW had a net margin of 3.44% and a return on equity of 65.93%. The company had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter in the prior year, the firm earned $0.86 earnings per share. The firm’s revenue was up 9.9% compared to the same quarter last year. research analysts anticipate that CDW will post 4.56 EPS for the current fiscal year.

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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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