Oregon Public Employees Retirement Fund Boosts Holdings in CDW (NASDAQ:CDW)

Oregon Public Employees Retirement Fund increased its holdings in CDW (NASDAQ:CDW) by 76.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,688 shares of the information technology services provider’s stock after buying an additional 9,400 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in CDW were worth $2,407,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CDW. Daiwa SB Investments Ltd. purchased a new position in CDW during the first quarter valued at approximately $47,000. Advisors Preferred LLC purchased a new position in CDW during the first quarter valued at approximately $77,000. Rockefeller Capital Management L.P. purchased a new position in CDW during the first quarter valued at approximately $89,000. Bremer Bank National Association purchased a new position in CDW during the first quarter valued at approximately $108,000. Finally, CWM LLC lifted its holdings in CDW by 1,119.5% during the first quarter. CWM LLC now owns 1,622 shares of the information technology services provider’s stock valued at $156,000 after purchasing an additional 1,489 shares in the last quarter. 91.80% of the stock is currently owned by institutional investors.

In related news, insider Collin B. Kebo sold 3,600 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $106.28, for a total value of $382,608.00. Following the sale, the insider now owns 22,352 shares in the company, valued at $2,375,570.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas E. Richards sold 66,667 shares of the business’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $99.67, for a total transaction of $6,644,699.89. Following the completion of the sale, the insider now owns 644,443 shares in the company, valued at approximately $64,231,633.81. The disclosure for this sale can be found here. In the last quarter, insiders have sold 139,534 shares of company stock worth $14,332,814. Company insiders own 2.25% of the company’s stock.

Several equities analysts have weighed in on CDW shares. Evercore ISI started coverage on shares of CDW in a report on Wednesday, June 5th. They set an “outperform” rating and a $120.00 price target on the stock. Deutsche Bank started coverage on shares of CDW in a report on Tuesday, June 11th. They set a “buy” rating and a $113.00 price target on the stock. Stifel Nicolaus downgraded shares of CDW from a “buy” rating to a “hold” rating and lifted their price target for the company from $100.00 to $105.00 in a report on Wednesday, April 17th. Northcoast Research downgraded shares of CDW from a “buy” rating to a “neutral” rating in a report on Friday, April 26th. They noted that the move was a valuation call. Finally, Bank of America began coverage on shares of CDW in a research report on Tuesday. They set a “buy” rating and a $140.00 price objective on the stock. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $117.63.

Shares of CDW stock traded down $2.18 on Friday, hitting $116.34. 795,490 shares of the company traded hands, compared to its average volume of 738,884. The firm has a market cap of $17.25 billion, a PE ratio of 22.81, a P/E/G ratio of 1.84 and a beta of 1.10. The company has a quick ratio of 1.10, a current ratio of 1.29 and a debt-to-equity ratio of 3.61. CDW has a 52 week low of $74.32 and a 52 week high of $120.82. The company’s 50-day moving average price is $111.76.

CDW (NASDAQ:CDW) last released its quarterly earnings data on Wednesday, July 31st. The information technology services provider reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.10. The firm had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $4.50 billion. CDW had a net margin of 4.07% and a return on equity of 81.06%. The company’s revenue for the quarter 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. As a group, research analysts anticipate that CDW will post 5.54 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th will be given a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Friday, August 23rd. CDW’s payout ratio is currently 23.14%.

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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