Decatur Capital Management Inc. Has $5.19 Million Position in CDW (NASDAQ:CDW)

Decatur Capital Management Inc. reduced its position in shares of CDW (NASDAQ:CDW) by 28.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,127 shares of the information technology services provider’s stock after selling 16,350 shares during the quarter. Decatur Capital Management Inc.’s holdings in CDW were worth $5,192,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CDW. One Wealth Advisors LLC increased its stake in shares of CDW by 3.5% in the second quarter. One Wealth Advisors LLC now owns 3,652 shares of the information technology services provider’s stock worth $405,000 after acquiring an additional 125 shares during the last quarter. First National Bank of Omaha increased its stake in shares of CDW by 0.3% in the second quarter. First National Bank of Omaha now owns 50,460 shares of the information technology services provider’s stock worth $5,601,000 after acquiring an additional 130 shares during the last quarter. Creative Planning increased its stake in shares of CDW by 4.6% in the second quarter. Creative Planning now owns 2,946 shares of the information technology services provider’s stock worth $327,000 after acquiring an additional 130 shares during the last quarter. Raymond James Trust N.A. increased its stake in shares of CDW by 3.3% in the second quarter. Raymond James Trust N.A. now owns 4,372 shares of the information technology services provider’s stock worth $485,000 after acquiring an additional 138 shares during the last quarter. Finally, Zacks Investment Management increased its stake in shares of CDW by 0.6% in the second quarter. Zacks Investment Management now owns 23,654 shares of the information technology services provider’s stock worth $2,626,000 after acquiring an additional 152 shares during the last quarter. 91.37% of the stock is currently owned by institutional investors.

CDW stock traded up $2.69 during mid-day trading on Friday, reaching $125.24. 317,559 shares of the stock traded hands, compared to its average volume of 3,061,084. The company has a quick ratio of 1.09, a current ratio of 1.28 and a debt-to-equity ratio of 3.57. CDW has a 52 week low of $74.32 and a 52 week high of $124.51. The business has a 50-day moving average of $117.71 and a two-hundred day moving average of $109.90. The firm has a market capitalization of $17.80 billion, a PE ratio of 24.56, a P/E/G ratio of 1.67 and a beta of 1.09.

CDW (NASDAQ:CDW) last released its quarterly earnings results on Wednesday, July 31st. The information technology services provider reported $1.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.10. CDW had a net margin of 4.07% and a return on equity of 82.78%. The company had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.50 billion. During the same period in the prior year, the company earned $1.38 earnings per share. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, equities research analysts anticipate that CDW will post 5.62 EPS for the current fiscal year.

In related news, insider Robert F. Kirby sold 1,300 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $111.60, for a total value of $145,080.00. Following the completion of the sale, the insider now owns 32,470 shares in the company, valued at $3,623,652. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Thomas E. Richards sold 62,222 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $113.66, for a total transaction of $7,072,152.52. Following the completion of the sale, the insider now owns 639,998 shares of the company’s stock, valued at approximately $72,742,172.68. The disclosure for this sale can be found here. Insiders have sold 130,673 shares of company stock valued at $14,744,616 over the last 90 days. Corporate insiders own 2.25% of the company’s stock.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of CDW from a “hold” rating to a “strong-buy” rating and set a $113.00 price target on the stock in a research note on Tuesday, August 6th. Credit Suisse Group upped their price target on shares of CDW from $118.00 to $132.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. cut 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. BidaskClub upgraded shares of CDW from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 1st. Finally, Morgan Stanley upped their price objective on shares of CDW from $97.00 to $106.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. CDW currently has an average rating of “Buy” and an average price target of $118.13.

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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