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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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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