Telemus Capital LLC lifted its position in CDW Co. (NASDAQ:CDW – Free Report) by 0.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,208 shares of the information technology services provider’s stock after acquiring an additional 159 shares during the period. Telemus Capital LLC’s holdings in CDW were worth $7,562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in CDW by 1.3% during the first quarter. Vanguard Group Inc. now owns 15,723,027 shares of the information technology services provider’s stock worth $2,812,692,000 after buying an additional 196,216 shares in the last quarter. FMR LLC raised its position in CDW by 25.8% in the first quarter. FMR LLC now owns 7,062,063 shares of the information technology services provider’s stock valued at $1,376,326,000 after purchasing an additional 1,447,117 shares during the period. State Street Corp raised its position in CDW by 3.0% in the first quarter. State Street Corp now owns 5,281,252 shares of the information technology services provider’s stock valued at $1,029,263,000 after purchasing an additional 156,066 shares during the period. Longview Partners Guernsey LTD raised its position in CDW by 3.3% in the first quarter. Longview Partners Guernsey LTD now owns 3,149,538 shares of the information technology services provider’s stock valued at $613,813,000 after purchasing an additional 100,674 shares during the period. Finally, Geode Capital Management LLC raised its position in CDW by 2.3% in the first quarter. Geode Capital Management LLC now owns 2,881,054 shares of the information technology services provider’s stock valued at $560,247,000 after purchasing an additional 63,457 shares during the period. 93.04% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on CDW. StockNews.com began coverage on CDW in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Barclays boosted their price objective on CDW from $198.00 to $216.00 and gave the company an “equal weight” rating in a report on Thursday, August 3rd. Citigroup began coverage on CDW in a report on Thursday, June 29th. They issued a “buy” rating and a $205.00 price objective on the stock. Raymond James boosted their price objective on CDW from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, August 3rd. Finally, Morgan Stanley boosted their target price on CDW from $200.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, August 3rd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $207.00.
CDW Stock Down 1.3 %
Shares of NASDAQ:CDW traded down $2.79 on Friday, hitting $207.00. 1,189,703 shares of the company’s stock were exchanged, compared to its average volume of 812,841. The firm’s 50-day moving average is $199.85 and its 200 day moving average is $187.04. The company has a market capitalization of $27.75 billion, a PE ratio of 26.34, a P/E/G ratio of 1.73 and a beta of 1.08. CDW Co. has a 1-year low of $147.91 and a 1-year high of $215.70. The company has a debt-to-equity ratio of 3.55, a quick ratio of 1.14 and a current ratio of 1.30.
CDW (NASDAQ:CDW – Get Free Report) last released its quarterly earnings data on Wednesday, August 2nd. The information technology services provider reported $2.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.25 by $0.18. The business had revenue of $5.63 billion during the quarter, compared to analysts’ expectations of $5.39 billion. CDW had a return on equity of 83.33% and a net margin of 4.81%. Sell-side analysts predict that CDW Co. will post 9.2 EPS for the current year.
CDW Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Friday, August 25th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Thursday, August 24th. This represents a $2.36 annualized dividend and a dividend yield of 1.14%. CDW’s dividend payout ratio is currently 30.03%.
CDW Company 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, hybrid, and cloud capabilities across hybrid infrastructure, digital experience, and security.
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