Daiwa Securities Group Inc. Boosts Holdings in CDW (NASDAQ:CDW)

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Daiwa Securities Group Inc. raised its holdings in CDW (NASDAQ:CDW) by 22.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,560 shares of the information technology services provider’s stock after purchasing an additional 1,210 shares during the quarter. Daiwa Securities Group Inc.’s holdings in CDW were worth $808,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. North Star Investment Management Corp. purchased a new position in CDW in the 3rd quarter valued at about $26,000. Johnson Financial Group Inc. acquired a new stake in CDW in the 2nd quarter valued at about $28,000. CSat Investment Advisory L.P. acquired a new stake in CDW in the 2nd quarter valued at about $28,000. Berman Capital Advisors LLC raised its holdings in CDW by 166.3% in the 2nd quarter. Berman Capital Advisors LLC now owns 277 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 173 shares during the last quarter. Finally, Cullen Frost Bankers Inc. raised its holdings in CDW by 478.4% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 295 shares of the information technology services provider’s stock valued at $33,000 after acquiring an additional 244 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors.

In related news, insider Thomas E. Richards sold 58,333 shares of CDW stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $112.17, for a total value of $6,543,212.61. Following the completion of the sale, the insider now owns 636,109 shares in the company, valued at approximately $71,352,346.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Collin B. Kebo sold 3,600 shares of CDW stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $135.20, for a total transaction of $486,720.00. Following the completion of the sale, the insider now owns 3,601 shares of the company’s stock, valued at approximately $486,855.20. The disclosure for this sale can be found here. Insiders sold a total of 125,533 shares of company stock valued at $14,906,113 in the last quarter. 2.25% of the stock is owned by insiders.

Shares of NASDAQ CDW traded up $1.12 during midday trading on Wednesday, reaching $134.94. 25,440 shares of the stock were exchanged, compared to its average volume of 1,010,002. The company has a 50 day simple moving average of $125.32 and a 200 day simple moving average of $114.03. The stock has a market capitalization of $19.18 billion, a P/E ratio of 26.38, a PEG ratio of 1.78 and a beta of 1.10. The company has a debt-to-equity ratio of 3.57, a quick ratio of 1.14 and a current ratio of 1.33. CDW has a twelve month low of $74.32 and a twelve month high of $136.31.

CDW (NASDAQ:CDW) last announced its quarterly earnings results on Thursday, October 31st. The information technology services provider reported $1.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.12. The business had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $4.66 billion. CDW had a net margin of 4.04% and a return on equity of 91.07%. The business’s revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.42 EPS. On average, research analysts expect that CDW will post 5.73 earnings per share for the current year.

A number of analysts have commented on the stock. ValuEngine downgraded shares of CDW from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. BidaskClub upgraded shares of CDW from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 2nd. JPMorgan Chase & Co. downgraded shares of CDW from a “neutral” rating to an “underweight” rating and set a $116.00 price objective for the company. in a report on Monday, August 5th. They noted that the move was a valuation call. Bank of America assumed coverage on shares of CDW in a report on Tuesday, July 30th. They issued a “buy” rating and a $140.00 price objective for the company. Finally, Credit Suisse Group increased their price objective on shares of CDW from $118.00 to $132.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $120.63.

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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