Boston Partners Reduces Position in CDW (NASDAQ:CDW)

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Boston Partners trimmed its holdings in CDW (NASDAQ:CDW) by 10.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 454,045 shares of the information technology services provider’s stock after selling 51,929 shares during the quarter. Boston Partners owned 0.31% of CDW worth $50,401,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of CDW. Dimensional Fund Advisors LP boosted its holdings 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 valued at $72,196,000 after purchasing an additional 28,710 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of CDW by 11.9% during 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 buying an additional 169,507 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of CDW by 32.5% during 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 buying an additional 6,620 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of CDW by 2.2% during 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 buying an additional 196 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in CDW by 11.0% during the first quarter. New York State Common Retirement Fund now owns 455,444 shares of the information technology services provider’s stock worth $43,891,000 after acquiring an additional 45,019 shares during the period. 91.38% of the stock is currently owned by institutional investors.

Several equities analysts recently commented on CDW shares. BidaskClub upgraded CDW from a “hold” rating to a “buy” rating in a research report on Tuesday, July 2nd. Zacks Investment Research upgraded CDW from a “hold” rating to a “strong-buy” rating and set a $113.00 price objective for the company in a report on Tuesday, August 6th. Credit Suisse Group upped their price objective on CDW from $118.00 to $132.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Evercore ISI initiated coverage on CDW in a research note on Wednesday, June 5th. They issued an “outperform” rating and a $120.00 target price for the company. Finally, ValuEngine downgraded CDW from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $118.13.

Shares of CDW stock traded up $2.03 during trading on Thursday, reaching $122.41. 626,598 shares of the stock traded hands, compared to its average volume of 673,914. The company has a market capitalization of $17.71 billion, a price-to-earnings ratio of 24.00, a P/E/G ratio of 1.54 and a beta of 1.10. The business has a fifty day simple moving average of $114.11 and a two-hundred day simple moving average of $107.03. The company has a debt-to-equity ratio of 3.57, a current ratio of 1.28 and a quick ratio of 1.09. CDW has a 52-week low of $74.32 and a 52-week high of $122.20.

CDW (NASDAQ:CDW) last issued its quarterly earnings data on Wednesday, July 31st. The information technology services provider reported $1.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.10. The firm had revenue of $4.63 billion during 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 quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.38 earnings per share. On average, research analysts predict that CDW will post 5.62 earnings per share for the current fiscal year.

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

In other 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 transaction of $7,072,152.52. Following the completion of the transaction, the insider now owns 639,998 shares in the company, valued at $72,742,172.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Neil B. Fairfield sold 2,118 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $118.12, for a total value of $250,178.16. Following the transaction, the insider now owns 7,054 shares of the company’s stock, valued at approximately $833,218.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 130,673 shares of company stock valued at $14,744,616. Company insiders own 2.25% of the company’s stock.

CDW Company 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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