Pzena Investment Management LLC Purchases 714,565 Shares of CDW Corporation $CDW

Pzena Investment Management LLC increased its position in CDW Corporation (NASDAQ:CDW) by 27.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,353,465 shares of the information technology services provider’s stock after purchasing an additional 714,565 shares during the period. CDW accounts for 1.3% of Pzena Investment Management LLC’s portfolio, making the stock its 27th biggest position. Pzena Investment Management LLC’s holdings in CDW were worth $429,780,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CDW. Kendall Capital Management bought a new stake in shares of CDW during the 2nd quarter valued at $3,584,000. Man Group plc purchased a new stake in shares of CDW in the 2nd quarter worth about $1,262,000. Raiffeisen Bank International AG increased its stake in shares of CDW by 17,453.5% in the 2nd quarter. Raiffeisen Bank International AG now owns 15,096 shares of the information technology services provider’s stock worth $2,111,000 after acquiring an additional 15,010 shares in the last quarter. Jupiter Topco LLC bought a new position in shares of CDW in the 2nd quarter worth about $300,073,000. Finally, Canada Pension Plan Investment Board purchased a new position in CDW during the 2nd quarter valued at about $1,295,000. Institutional investors own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CDW shares. Morgan Stanley lifted their price target on shares of CDW from $170.00 to $171.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Barclays cut their price objective on shares of CDW from $150.00 to $148.00 and set an “equal weight” rating on the stock in a report on Monday, September 21st. Citigroup raised their target price on shares of CDW from $123.00 to $145.00 and gave the company a “neutral” rating in a research note on Monday, July 13th. Finally, Weiss Ratings upgraded shares of CDW from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 25th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $150.12.

CDW News Summary

Here are the key news stories impacting CDW this week:

• Positive Sentiment: CDW reported adjusted earnings of $3.26 per share, above analyst expectations of about $2.98, and revenue of $6.755 billion versus estimates of roughly $6.19 billion. Revenue grew 17.7% year over year. Article: CDW Stock Jumps as AI Infrastructure Demand Drives Q3 Beat
• Positive Sentiment: Reports attributed the strong quarter to enterprise AI adoption and broad-based demand. The earnings call also highlighted record growth and the company’s outlook, supporting investor confidence in demand. Article: CDW Earnings Call Highlights Record Growth and Outlook
• Positive Sentiment: The board declared a quarterly dividend of $0.68 per share, up 7.9% from $0.63. The higher payout adds to shareholder returns and signals confidence in cash generation. Article: CDW Raises Quarterly Dividend by 7.9%
• Negative Sentiment: Despite the sales and earnings beat, margin compression and rising expenses were cited as risks that investors will monitor for their impact on future profitability. Article: CDW Q3 Earnings Beat Despite Margin Compression

Insiders Place Their Bets

In related news, insider Elizabeth Connelly sold 26,695 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $137.62, for a total value of $3,673,765.90. Following the completion of the transaction, the insider directly owned 34,215 shares in the company, valued at $4,708,668.30. The trade was a 43.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.82% of the stock is currently owned by insiders.

CDW Stock Up 12.7%

Shares of CDW stock opened at $168.75 on Thursday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.05 and a current ratio of 1.17. The stock has a market capitalization of $21.10 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 1.96 and a beta of 0.92. CDW Corporation has a 52-week low of $97.12 and a 52-week high of $172.47. The company has a 50-day simple moving average of $148.23 and a two-hundred day simple moving average of $133.47.

CDW (NASDAQ:CDW) last issued its earnings results on Wednesday, November 4th. The information technology services provider reported $3.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.28. CDW had a net margin of 4.60% and a return on equity of 50.61%. The firm had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.19 billion. During the same quarter in the prior year, the firm posted $2.71 earnings per share. The business’s revenue was up 17.7% on a year-over-year basis. On average, analysts anticipate that CDW Corporation will post 10.33 EPS for the current fiscal year.

CDW Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 25th will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Wednesday, November 25th. This is an increase from CDW’s previous quarterly dividend of $0.63. CDW’s dividend payout ratio (DPR) is presently 30.29%.

CDW Profile

CDW Corporation (NASDAQ: CDW) is a provider of technology products and services for business, government, education and healthcare organizations. The company helps customers plan, procure, implement and manage information technology solutions from leading hardware, software and cloud vendors.

Its offerings include computers, servers, networking equipment, data-storage systems, cybersecurity products, collaboration tools, software licensing and cloud solutions. CDW also provides professional and managed services, including technology consulting, infrastructure deployment, cloud management, security support and lifecycle services.

Founded in 1984 as Computer Discount Warehouse, CDW serves customers primarily in the United States, Canada and the United Kingdom through sales teams, digital channels and technology partnerships.