TD Private Client Wealth LLC Has $1.09 Million Stake in CDW Corporation $CDW

TD Private Client Wealth LLC boosted its position in CDW Corporation (NASDAQ:CDW) by 8,817.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,026 shares of the information technology services provider’s stock after acquiring an additional 7,936 shares during the quarter. TD Private Client Wealth LLC’s holdings in CDW were worth $1,093,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Border to Coast Pensions Partnership Ltd bought a new position in CDW in the third quarter valued at approximately $29,649,000. Local Pensions Partnership Investment Ltd increased its stake in CDW by 7.8% in the fourth quarter. Local Pensions Partnership Investment Ltd now owns 249,176 shares of the information technology services provider’s stock valued at $33,940,000 after acquiring an additional 18,000 shares during the last quarter. Foyston Gordon & Payne Inc increased its stake in CDW by 30.9% in the third quarter. Foyston Gordon & Payne Inc now owns 52,732 shares of the information technology services provider’s stock valued at $8,399,000 after acquiring an additional 12,456 shares during the last quarter. Quantbot Technologies LP bought a new position in CDW in the third quarter valued at approximately $4,110,000. Finally, Fenimore Asset Management Inc increased its stake in CDW by 0.8% in the fourth quarter. Fenimore Asset Management Inc now owns 1,150,567 shares of the information technology services provider’s stock valued at $156,707,000 after acquiring an additional 9,485 shares during the last quarter. 93.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of CDW in a research note on Friday, April 24th. Raymond James Financial set a $150.00 price objective on shares of CDW in a research note on Wednesday, May 6th. JPMorgan Chase & Co. decreased their price objective on shares of CDW from $160.00 to $130.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. Morgan Stanley lifted their price objective on shares of CDW from $141.00 to $142.00 and gave the company an “equal weight” rating in a research note on Thursday, February 5th. Finally, UBS Group decreased their price objective on shares of CDW from $162.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $142.14.

CDW Stock Performance

NASDAQ CDW opened at $106.21 on Thursday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.16. CDW Corporation has a fifty-two week low of $97.12 and a fifty-two week high of $187.32. The stock has a market cap of $13.57 billion, a PE ratio of 12.92, a PEG ratio of 1.41 and a beta of 1.04. The firm’s fifty day moving average price is $121.32 and its two-hundred day moving average price is $130.82.

CDW (NASDAQ:CDW) last released its quarterly earnings results on Wednesday, May 6th. The information technology services provider reported $2.28 EPS for the quarter, meeting analysts’ consensus estimates of $2.28. CDW had a return on equity of 49.67% and a net margin of 4.70%.The firm had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same quarter in the previous year, the company posted $2.15 EPS. The business’s revenue was up 9.2% on a year-over-year basis. On average, equities analysts expect that CDW Corporation will post 10 EPS for the current fiscal year.

CDW Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 25th will be issued a $0.63 dividend. The ex-dividend date is Friday, May 22nd. This represents a $2.52 annualized dividend and a yield of 2.4%. CDW’s payout ratio is presently 30.66%.

About CDW

CDW (NASDAQ: CDW) is a leading provider of information technology products and integrated solutions for business, government, education and healthcare customers. The company sources and resells hardware and software from major technology vendors and packages those products with professional services, managed services and lifecycle support. Its offerings span IT infrastructure, cloud and data center solutions, cybersecurity, networking, unified communications, endpoint devices, and software licensing and procurement services designed to simplify IT operations for customers.

CDW combines a broad product portfolio with consultative sales, implementation and technical support capabilities.