CDW Co. (NASDAQ:CDW) Shares Bought by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC grew its stake in shares of CDW Co. (NASDAQ:CDWFree Report) by 12.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,148 shares of the information technology services provider’s stock after purchasing an additional 238 shares during the period. Aptus Capital Advisors LLC’s holdings in CDW were worth $433,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in CDW by 1.3% in the first quarter. Vanguard Group Inc. now owns 15,723,027 shares of the information technology services provider’s stock valued at $2,812,692,000 after purchasing an additional 196,216 shares during the last quarter. State Street Corp increased its holdings in CDW by 2.1% during the 2nd quarter. State Street Corp now owns 5,391,296 shares of the information technology services provider’s stock valued at $989,303,000 after acquiring an additional 110,044 shares in the last quarter. Longview Partners Guernsey LTD raised its position in CDW by 6.4% during the second quarter. Longview Partners Guernsey LTD now owns 3,352,546 shares of the information technology services provider’s stock worth $615,192,000 after acquiring an additional 203,008 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of CDW by 2.5% in the second quarter. Geode Capital Management LLC now owns 2,953,417 shares of the information technology services provider’s stock valued at $540,574,000 after purchasing an additional 72,363 shares in the last quarter. Finally, Morgan Stanley grew its position in shares of CDW by 130.7% in the fourth quarter. Morgan Stanley now owns 2,442,301 shares of the information technology services provider’s stock valued at $436,146,000 after purchasing an additional 1,383,869 shares during the last quarter. Institutional investors and hedge funds own 93.04% of the company’s stock.

Insider Transactions at CDW

In other news, insider Christina M. Corley sold 700 shares of the firm’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $220.01, for a total value of $154,007.00. Following the transaction, the insider now owns 62,536 shares of the company’s stock, valued at approximately $13,758,545.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Christina M. Corley sold 700 shares of the stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $220.01, for a total value of $154,007.00. Following the completion of the sale, the insider now owns 62,536 shares in the company, valued at $13,758,545.36. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Christina M. Corley sold 48,320 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $217.23, for a total value of $10,496,553.60. Following the sale, the insider now owns 62,536 shares in the company, valued at $13,584,695.28. The disclosure for this sale can be found here. Company insiders own 0.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Morgan Stanley lowered CDW from an “overweight” rating to an “equal weight” rating and set a $216.00 target price on the stock. in a research note on Tuesday, December 12th. JPMorgan Chase & Co. increased their price objective on CDW from $253.00 to $267.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Barclays lifted their price objective on CDW from $219.00 to $261.00 and gave the stock an “equal weight” rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $223.60.

Check Out Our Latest Analysis on CDW

CDW Stock Performance

NASDAQ CDW opened at $245.23 on Friday. The business’s 50-day moving average price is $223.81 and its 200 day moving average price is $212.21. The company has a current ratio of 1.23, a quick ratio of 1.20 and a debt-to-equity ratio of 2.46. CDW Co. has a twelve month low of $160.66 and a twelve month high of $247.63. The company has a market capitalization of $32.85 billion, a PE ratio of 30.28, a price-to-earnings-growth ratio of 1.93 and a beta of 1.10.

CDW (NASDAQ:CDWGet Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The information technology services provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.01. CDW had a net margin of 5.17% and a return on equity of 73.93%. The business had revenue of $5.02 billion for the quarter, compared to analyst estimates of $5.32 billion. During the same period in the prior year, the firm posted $2.40 EPS. The company’s revenue was down 7.7% on a year-over-year basis. On average, research analysts predict that CDW Co. will post 9.71 earnings per share for the current year.

CDW announced that its board has authorized a share buyback plan on Wednesday, February 7th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the information technology services provider to repurchase up to 2.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

CDW Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 12th. Investors of record on Monday, February 26th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Friday, February 23rd. CDW’s dividend payout ratio (DPR) is currently 30.62%.

CDW Profile

(Free Report)

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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Institutional Ownership by Quarter for CDW (NASDAQ:CDW)

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