CDW Corporation $CDW Stock: Signaturefd LLC Boosts Holdings

Signaturefd LLC grew its stake in CDW Corporation (NASDAQ:CDW) by 786.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,237 shares of the information technology services provider’s stock after acquiring an additional 9,969 shares during the period. Signaturefd LLC’s holdings in CDW were worth $1,440,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Union Savings Bank raised its stake in shares of CDW by 500.0% during the 3rd quarter. Union Savings Bank now owns 192 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 160 shares in the last quarter. Allied Private Wealth LLC acquired a new stake in shares of CDW in the 2nd quarter valued at approximately $28,000. Keating Financial Advisory Services Inc. bought a new stake in CDW during the second quarter worth $28,000. Manchester Capital Management LLC raised its position in CDW by 10,200.0% during the third quarter. Manchester Capital Management LLC now owns 206 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 204 shares in the last quarter. Finally, Community Bank N.A. bought a new stake in CDW during the second quarter worth $31,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

CDW Stock Performance

NASDAQ:CDW opened at $163.23 on Tuesday. The stock has a market cap of $20.41 billion, a P/E ratio of 19.62, a PEG ratio of 2.16 and a beta of 0.95. The stock has a 50 day simple moving average of $145.04 and a 200 day simple moving average of $132.55. The company has a current ratio of 1.17, a quick ratio of 1.05 and a debt-to-equity ratio of 1.97. CDW Corporation has a 1-year low of $97.12 and a 1-year high of $166.15.

CDW (NASDAQ:CDW) last posted its quarterly earnings data on Wednesday, August 5th. The information technology services provider reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.11. CDW had a return on equity of 50.61% and a net margin of 4.60%. The firm had revenue of $6.57 billion for the quarter, compared to analysts’ expectations of $6.21 billion. During the same quarter last year, the business earned $2.60 EPS. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. Research analysts anticipate that CDW Corporation will post 10.33 earnings per share for the current year.

CDW Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Tuesday, August 25th were paid a $0.63 dividend. The ex-dividend date was Tuesday, August 25th. This represents a $2.52 annualized dividend and a dividend yield of 1.5%. CDW’s dividend payout ratio is 30.29%.

Insider Activity at CDW

In related news, insider Elizabeth Connelly sold 26,695 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $137.62, for a total transaction of $3,673,765.90. Following the transaction, the insider directly owned 34,215 shares of the company’s stock, valued at approximately $4,708,668.30. This trade represents a 43.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.82% of the company’s stock.

Analyst Upgrades and Downgrades

CDW has been the topic of a number of recent analyst reports. Barclays decreased their target price on CDW from $150.00 to $148.00 and set an “equal weight” rating on the stock in a report on Monday, September 21st. Citigroup raised their price target on CDW from $123.00 to $145.00 and gave the company a “neutral” rating in a report on Monday, July 13th. Weiss Ratings raised shares of CDW from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 25th. Finally, Morgan Stanley lifted their price objective on shares of CDW from $170.00 to $171.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $150.12.

CDW Company Profile

CDW Corporation (NASDAQ: CDW) is a provider of technology products and services for business, government, education and healthcare organizations. The company helps customers plan, procure, implement and manage information technology solutions from leading hardware, software and cloud vendors.

Its offerings include computers, servers, networking equipment, data-storage systems, cybersecurity products, collaboration tools, software licensing and cloud solutions. CDW also provides professional and managed services, including technology consulting, infrastructure deployment, cloud management, security support and lifecycle services.

Founded in 1984 as Computer Discount Warehouse, CDW serves customers primarily in the United States, Canada and the United Kingdom through sales teams, digital channels and technology partnerships.