CDW (CDW) Shares Sold by Commonwealth Bank of Australia

Commonwealth Bank of Australia decreased its holdings in CDW (NASDAQ:CDW) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,788 shares of the information technology services provider’s stock after selling 188 shares during the period. Commonwealth Bank of Australia’s holdings in CDW were worth $1,274,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Sound View Wealth Advisors LLC acquired a new stake in CDW during the fourth quarter worth approximately $252,000. Bessemer Group Inc. grew its position in CDW by 1,259.7% during the fourth quarter. Bessemer Group Inc. now owns 17,608 shares of the information technology services provider’s stock worth $1,426,000 after buying an additional 16,313 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its position in CDW by 2.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 55,809 shares of the information technology services provider’s stock worth $4,523,000 after buying an additional 1,267 shares in the last quarter. Great West Life Assurance Co. Can grew its position in CDW by 72.6% during the fourth quarter. Great West Life Assurance Co. Can now owns 229,587 shares of the information technology services provider’s stock worth $18,374,000 after buying an additional 96,583 shares in the last quarter. Finally, Northern Trust Corp grew its position in CDW by 28.0% during the fourth quarter. Northern Trust Corp now owns 1,152,947 shares of the information technology services provider’s stock worth $93,447,000 after buying an additional 252,256 shares in the last quarter. Hedge funds and other institutional investors own 89.10% of the company’s stock.

In other news, Director Steven W. Alesio sold 20,013 shares of the stock in a transaction on Monday, February 11th. The stock was sold at an average price of $89.66, for a total value of $1,794,365.58. Following the completion of the transaction, the director now directly owns 24,183 shares in the company, valued at approximately $2,168,247.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christina V. Rother sold 4,000 shares of the stock in a transaction on Thursday, January 10th. The shares were sold at an average price of $80.65, for a total value of $322,600.00. Following the completion of the transaction, the insider now owns 51,077 shares of the company’s stock, valued at $4,119,360.05. The disclosure for this sale can be found here. In the last ninety days, insiders sold 105,577 shares of company stock worth $9,384,699. Company insiders own 2.60% of the company’s stock.

A number of brokerages recently issued reports on CDW. BidaskClub raised CDW from a “hold” rating to a “buy” rating in a research report on Friday. Zacks Investment Research downgraded CDW from a “buy” rating to a “hold” rating in a research report on Tuesday, January 1st. Finally, ValuEngine raised CDW from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $93.20.

Shares of CDW stock opened at $96.62 on Friday. The firm has a market capitalization of $14.12 billion, a price-to-earnings ratio of 18.95 and a beta of 1.05. CDW has a fifty-two week low of $67.44 and a fifty-two week high of $97.40. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.19 and a current ratio of 1.35.

CDW (NASDAQ:CDW) last issued its earnings results on Thursday, February 7th. The information technology services provider reported $1.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.11. The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.04 billion. CDW had a return on equity of 74.63% and a net margin of 3.96%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.99 EPS. On average, analysts forecast that CDW will post 5.43 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 25th were issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Friday, February 22nd. CDW’s dividend payout ratio is presently 23.14%.

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About CDW

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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