Sumitomo Mitsui Trust Holdings Inc. lifted its position in CDW (NASDAQ:CDW) by 2.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 483,333 shares of the information technology services provider’s stock after purchasing an additional 10,430 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.32% of CDW worth $42,978,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Parametrica Management Ltd acquired a new stake in shares of CDW in the 3rd quarter valued at approximately $286,000. Bessemer Group Inc. raised its holdings in CDW by 149.5% during the 3rd quarter. Bessemer Group Inc. now owns 1,295 shares of the information technology services provider’s stock worth $115,000 after buying an additional 776 shares during the period. Icon Advisers Inc. Co. raised its holdings in CDW by 67.4% during the 3rd quarter. Icon Advisers Inc. Co. now owns 30,800 shares of the information technology services provider’s stock worth $2,739,000 after buying an additional 12,400 shares during the period. FineMark National Bank & Trust raised its holdings in CDW by 0.9% during the 3rd quarter. FineMark National Bank & Trust now owns 82,810 shares of the information technology services provider’s stock worth $7,363,000 after buying an additional 752 shares during the period. Finally, American Century Companies Inc. raised its holdings in CDW by 8.5% during the 3rd quarter. American Century Companies Inc. now owns 2,401,828 shares of the information technology services provider’s stock worth $213,571,000 after buying an additional 187,467 shares during the period. 89.88% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ CDW opened at $86.00 on Wednesday. The company has a debt-to-equity ratio of 2.75, a quick ratio of 1.24 and a current ratio of 1.41. CDW has a 12-month low of $65.98 and a 12-month high of $92.18. The company has a market capitalization of $13.18 billion, a PE ratio of 22.16 and a beta of 1.02.

CDW (NASDAQ:CDW) last posted its quarterly earnings data on Wednesday, October 31st. The information technology services provider reported $1.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.08. CDW had a net margin of 4.24% and a return on equity of 70.39%. The company had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.24 billion. During the same period last year, the company earned $1.08 earnings per share. The firm’s revenue was up 11.2% compared to the same quarter last year. On average, analysts predict that CDW will post 4.88 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Monday, November 26th will be paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Friday, November 23rd. This is an increase from CDW’s previous quarterly dividend of $0.21. CDW’s payout ratio is 21.65%.

Several brokerages have commented on CDW. BidaskClub downgraded shares of CDW from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 25th. ValuEngine upgraded shares of CDW from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. Zacks Investment Research upgraded shares of CDW from a “hold” rating to a “buy” rating and set a $97.00 price objective on the stock in a report on Tuesday, July 24th. Needham & Company LLC lifted their price objective on shares of CDW from $84.00 to $100.00 and gave the company a “buy” rating in a report on Friday, August 3rd. Finally, Morgan Stanley lifted their price objective on shares of CDW from $78.00 to $89.00 and gave the company an “equal weight” rating in a report on Friday, August 3rd. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $88.63.

In other CDW news, insider Thomas E. Richards sold 16,667 shares of the business’s stock in a transaction dated Wednesday, November 14th. The stock was sold at an average price of $88.87, for a total transaction of $1,481,196.29. Following the completion of the transaction, the insider now owns 616,742 shares of the company’s stock, valued at $54,809,861.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Frederick J. Kulevich sold 2,421 shares of the business’s stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $89.25, for a total value of $216,074.25. Following the transaction, the insider now directly owns 18,925 shares of the company’s stock, valued at approximately $1,689,056.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 91,252 shares of company stock valued at $7,918,866. 2.60% of the stock is owned by insiders.

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About CDW

CDW Corporation provides integrated information technology (IT) solutions to business, government, education, and healthcare customers in the United States, Canada, and the United Kingdom. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products, as well as integrated IT solutions, including mobility, security, data center optimization, cloud computing, virtualization, and collaboration.

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Institutional Ownership by Quarter for CDW (NASDAQ:CDW)

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