State of Wyoming Buys 1,343 Shares of CDW Corporation $CDW

State of Wyoming boosted its holdings in CDW Corporation (NASDAQ:CDW) by 176.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,106 shares of the information technology services provider’s stock after acquiring an additional 1,343 shares during the quarter. State of Wyoming’s holdings in CDW were worth $338,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CDW. GW&K Investment Management LLC lifted its position in CDW by 78.9% in the 1st quarter. GW&K Investment Management LLC now owns 170 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 75 shares in the last quarter. Orion Capital Management LLC bought a new position in CDW in the 4th quarter valued at approximately $30,000. Bayforest Capital Ltd bought a new position in CDW in the 1st quarter valued at approximately $31,000. Pandora Wealth Inc. bought a new position in CDW in the 1st quarter valued at approximately $32,000. Finally, Stone House Investment Management LLC bought a new position in CDW in the 1st quarter valued at approximately $34,000. 93.15% of the stock is owned by institutional investors.

CDW Stock Down 0.7%

CDW stock opened at $164.76 on Tuesday. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.22 and a current ratio of 1.35. The stock has a market cap of $21.59 billion, a PE ratio of 20.47, a price-to-earnings-growth ratio of 2.74 and a beta of 0.98. CDW Corporation has a one year low of $137.31 and a one year high of $230.86. The stock has a fifty day moving average of $173.25 and a 200 day moving average of $171.31.

CDW (NASDAQ:CDW) last posted its quarterly earnings data on Wednesday, August 6th. The information technology services provider reported $2.60 EPS for the quarter, topping the consensus estimate of $2.49 by $0.11. The firm had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.51 billion. CDW had a return on equity of 53.63% and a net margin of 4.92%.CDW’s revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.50 EPS. As a group, sell-side analysts predict that CDW Corporation will post 9.41 EPS for the current year.

CDW Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Monday, August 25th will be paid a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, August 25th. CDW’s dividend payout ratio is 31.06%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. UBS Group lowered their price objective on CDW from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, August 7th. Citigroup boosted their target price on shares of CDW from $180.00 to $200.00 and gave the company a “neutral” rating in a research note on Friday, July 11th. Barclays cut their price objective on CDW from $205.00 to $176.00 and set an “equal weight” rating for the company in a report on Thursday, August 7th. Finally, JPMorgan Chase & Co. upped their price objective on CDW from $185.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, July 17th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, CDW presently has an average rating of “Hold” and a consensus price target of $202.00.

CDW Profile

CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products and services, as well as integrated IT solutions, including on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security.