Moody National Bank Trust Division Makes New Investment in CDW Co. (NASDAQ:CDW)

Moody National Bank Trust Division acquired a new position in shares of CDW Co. (NASDAQ:CDWGet Rating) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,377 shares of the information technology services provider’s stock, valued at approximately $217,000.

Several other large investors also recently made changes to their positions in the stock. Yousif Capital Management LLC increased its position in shares of CDW by 0.3% during the first quarter. Yousif Capital Management LLC now owns 20,523 shares of the information technology services provider’s stock worth $3,671,000 after acquiring an additional 65 shares in the last quarter. Gilbert & Cook Inc. increased its position in shares of CDW by 4.7% during the first quarter. Gilbert & Cook Inc. now owns 1,664 shares of the information technology services provider’s stock worth $298,000 after acquiring an additional 74 shares in the last quarter. Elo Mutual Pension Insurance Co increased its position in shares of CDW by 0.7% during the first quarter. Elo Mutual Pension Insurance Co now owns 10,674 shares of the information technology services provider’s stock worth $1,909,000 after acquiring an additional 75 shares in the last quarter. Greenleaf Trust increased its position in shares of CDW by 4.1% during the first quarter. Greenleaf Trust now owns 2,189 shares of the information technology services provider’s stock worth $392,000 after acquiring an additional 86 shares in the last quarter. Finally, Williams Jones Wealth Management LLC. increased its position in shares of CDW by 1.9% during the fourth quarter. Williams Jones Wealth Management LLC. now owns 4,577 shares of the information technology services provider’s stock worth $937,000 after acquiring an additional 87 shares in the last quarter. Institutional investors own 92.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Credit Suisse Group assumed coverage on shares of CDW in a research report on Tuesday, August 16th. They set an “outperform” rating and a $202.00 price objective for the company. Evercore ISI decreased their target price on shares of CDW from $250.00 to $210.00 and set an “outperform” rating for the company in a research report on Tuesday, June 28th. StockNews.com downgraded shares of CDW from a “buy” rating to a “hold” rating in a research report on Tuesday, August 30th. Finally, JPMorgan Chase & Co. raised shares of CDW from a “neutral” rating to an “overweight” rating and set a $200.00 target price for the company in a research report on Thursday, July 14th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $213.00.

CDW Stock Performance

Shares of CDW opened at $168.25 on Wednesday. The firm has a 50-day moving average of $174.97 and a 200-day moving average of $170.82. CDW Co. has a one year low of $152.15 and a one year high of $208.71. The company has a market cap of $22.73 billion, a PE ratio of 22.89, a price-to-earnings-growth ratio of 1.41 and a beta of 1.13. The company has a debt-to-equity ratio of 5.86, a current ratio of 1.30 and a quick ratio of 1.11.

CDW (NASDAQ:CDWGet Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The information technology services provider reported $2.36 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.05. CDW had a net margin of 4.41% and a return on equity of 132.68%. The company had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.15 billion. During the same quarter last year, the firm posted $1.92 EPS. The company’s quarterly revenue was up 19.4% on a year-over-year basis. As a group, equities analysts forecast that CDW Co. will post 9.22 earnings per share for the current year.

CDW Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Thursday, August 25th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Wednesday, August 24th. CDW’s dividend payout ratio (DPR) is presently 27.21%.

CDW Company Profile

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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, hybrid, and cloud capabilities across data center and networking, digital workspace, and security.

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Institutional Ownership by Quarter for CDW (NASDAQ:CDW)

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