Knollwood Investment Advisory LLC Has $1.86 Million Holdings in CDW Corporation $CDW

Knollwood Investment Advisory LLC trimmed its position in CDW Corporation (NASDAQ:CDW) by 24.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 13,208 shares of the information technology services provider’s stock after selling 4,168 shares during the period. Knollwood Investment Advisory LLC’s holdings in CDW were worth $1,858,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. bought a new position in CDW in the second quarter valued at about $2,143,082,000. Pzena Investment Management LLC bought a new stake in shares of CDW during the second quarter worth about $371,135,000. Jupiter Topco LLC bought a new stake in shares of CDW during the second quarter worth about $300,073,000. Alyeska Investment Group L.P. increased its stake in shares of CDW by 197.1% in the second quarter. Alyeska Investment Group L.P. now owns 1,854,952 shares of the information technology services provider’s stock valued at $260,880,000 after buying an additional 1,230,517 shares during the period. Finally, Bank of America Corp DE acquired a new position in shares of CDW in the second quarter valued at approximately $255,058,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Insider Buying and Selling

In other CDW news, insider Elizabeth Connelly sold 26,695 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $137.62, for a total transaction of $3,673,765.90. Following the completion of the sale, the insider directly owned 34,215 shares in the company, valued at approximately $4,708,668.30. This trade represents a 43.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.82% of the company’s stock.

CDW Stock Up 3.5%

CDW stock opened at $153.92 on Friday. The firm has a market cap of $19.24 billion, a price-to-earnings ratio of 18.50, a PEG ratio of 1.95 and a beta of 0.95. CDW Corporation has a 52-week low of $97.12 and a 52-week high of $171.55. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.05 and a current ratio of 1.17. The firm has a 50 day moving average price of $139.58 and a two-hundred day moving average price of $129.07.

CDW (NASDAQ:CDW) last posted its quarterly earnings data on Wednesday, August 5th. The information technology services provider reported $2.91 EPS for the quarter, beating analysts’ consensus estimates of $2.80 by $0.11. CDW had a net margin of 4.60% and a return on equity of 50.61%. The company had revenue of $6.57 billion for the quarter, compared to analyst estimates of $6.21 billion. During the same period in the prior year, the firm posted $2.60 EPS. The company’s quarterly revenue was up 10.0% on a year-over-year basis. Equities analysts predict that CDW Corporation will post 10.33 EPS for the current year.

CDW Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Tuesday, August 25th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $2.52 dividend on an annualized basis and a yield of 1.6%. CDW’s dividend payout ratio is 30.29%.

Trending Headlines about CDW

Here are the key news stories impacting CDW this week:

• Positive Sentiment: AI and data-services expansion: Lovelytics specializes in helping organizations turn data into business value, adding consulting and implementation expertise to CDW’s technology-solutions portfolio. The acquisition supports CDW’s strategy of expanding beyond hardware and traditional IT distribution into faster-growing AI services. CDW Agrees to Acquire Lovelytics
• Positive Sentiment: Potential cross-selling opportunity: CDW can combine Lovelytics’ data and AI capabilities with its broad customer relationships and technology ecosystem, potentially increasing the value of its services engagements with businesses and public-sector clients. CDW To Acquire Lovelytics For Approximately $525 Million to Expand Data and AI Services
• Positive Sentiment: Analyst sentiment remains supportive: CDW received a consensus “Moderate Buy” rating, providing an additional favorable backdrop for the stock. CDW Corporation Receives Consensus Rating of Moderate Buy
• Neutral Sentiment: Coverage from technology and legal publications confirms the acquisition and highlights CDW’s growing AI focus. However, the articles provide limited detail on Lovelytics’ financial contribution, integration plans, or the deal’s effect on near-term earnings. CDW Expands AI Expertise
• Negative Sentiment: Execution and valuation risks: The roughly $525 million purchase price creates integration and return-on-investment risks. Investors will likely watch the funding structure, closing conditions, and whether Lovelytics produces enough growth and profit to justify the investment.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Royal Bank Of Canada upgraded shares of CDW to an “outperform” rating and set a $130.00 target price on the stock in a research report on Wednesday, May 27th. JPMorgan Chase & Co. raised shares of CDW from a “neutral” rating to an “overweight” rating and set a $130.00 price objective on the stock in a research note on Wednesday, May 27th. Barclays lowered their target price on CDW from $144.00 to $123.00 and set an “equal weight” rating for the company in a research report on Thursday, May 7th. UBS Group cut their target price on CDW from $162.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Finally, Morgan Stanley upped their price target on CDW from $170.00 to $171.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $147.00.

CDW Profile

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.