Thompson Siegel & Walmsley LLC raised its holdings in shares of CDW Co. (NASDAQ:CDW – Free Report) by 23.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,456 shares of the information technology services provider’s stock after buying an additional 2,400 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in CDW were worth $2,286,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the business. Envestnet Asset Management Inc. boosted its holdings in shares of CDW by 284.5% during the first quarter. Envestnet Asset Management Inc. now owns 2,040,506 shares of the information technology services provider’s stock worth $95,838,000 after purchasing an additional 1,509,778 shares during the period. FMR LLC boosted its holdings in shares of CDW by 25.8% during the first quarter. FMR LLC now owns 7,062,063 shares of the information technology services provider’s stock worth $1,376,326,000 after purchasing an additional 1,447,117 shares during the period. Morgan Stanley raised its stake in CDW by 130.7% in the fourth quarter. Morgan Stanley now owns 2,442,301 shares of the information technology services provider’s stock worth $436,146,000 after buying an additional 1,383,869 shares in the last quarter. Boston Partners bought a new position in CDW in the second quarter worth about $151,752,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in CDW by 789.0% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 861,550 shares of the information technology services provider’s stock worth $167,907,000 after buying an additional 764,639 shares in the last quarter. 93.04% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on CDW shares. Morgan Stanley decreased their price target on shares of CDW from $230.00 to $216.00 and set an “overweight” rating for the company in a research note on Thursday, November 2nd. StockNews.com started coverage on shares of CDW in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Barclays increased their price target on shares of CDW from $216.00 to $219.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 2nd. UBS Group started coverage on shares of CDW in a research note on Tuesday, October 3rd. They set a “buy” rating and a $237.00 target price for the company. Finally, Evercore ISI raised their target price on shares of CDW from $215.00 to $250.00 in a research note on Thursday, October 12th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, CDW presently has a consensus rating of “Moderate Buy” and an average target price of $213.20.
CDW Trading Down 0.1 %
Shares of NASDAQ:CDW opened at $215.29 on Friday. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.35 and a quick ratio of 1.20. CDW Co. has a 1 year low of $160.66 and a 1 year high of $219.71. The company has a market cap of $28.84 billion, a P/E ratio of 26.88, a PEG ratio of 1.79 and a beta of 1.11. The stock’s fifty day moving average price is $206.46 and its 200-day moving average price is $193.20.
CDW Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Friday, November 24th will be paid a $0.62 dividend. The ex-dividend date is Wednesday, November 22nd. This is a positive change from CDW’s previous quarterly dividend of $0.59. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.15%. CDW’s payout ratio is currently 29.46%.
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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