CDW Corporation $CDW Shares Acquired by Vestor Capital LLC

Vestor Capital LLC raised its stake in shares of CDW Corporation (NASDAQ:CDW) by 1,309.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,706 shares of the information technology services provider’s stock after acquiring an additional 68,478 shares during the period. Vestor Capital LLC’s holdings in CDW were worth $9,446,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Man Group plc purchased a new position in CDW during the second quarter worth about $1,262,000. Kendall Capital Management purchased a new stake in CDW in the 2nd quarter valued at about $3,584,000. Raiffeisen Bank International AG increased its stake in 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 valued at $2,111,000 after buying an additional 15,010 shares during the last quarter. Pzena Investment Management LLC bought a new position in shares of CDW during the 2nd quarter worth approximately $371,135,000. Finally, Jupiter Topco LLC bought a new position in shares of CDW during the 2nd quarter worth approximately $300,073,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

CDW Stock Up 4.8%

CDW opened at $164.61 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.26 and a debt-to-equity ratio of 2.32. The stock has a market cap of $20.58 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 2.21 and a beta of 0.92. CDW Corporation has a twelve month low of $97.12 and a twelve month high of $172.47. The company’s 50-day moving average price is $149.07 and its two-hundred day moving average price is $133.95.

CDW (NASDAQ:CDW) last released its earnings results on Wednesday, November 4th. The information technology services provider reported $3.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.98 by $0.28. CDW had a net margin of 4.48% and a return on equity of 52.23%. The firm had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.19 billion. During the same period in the prior year, the firm earned $2.71 EPS. The company’s revenue was up 17.7% compared to the same quarter last year. As a group, equities analysts expect that CDW Corporation will post 10.33 earnings per share for the current 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 paid a $0.68 dividend. The ex-dividend date is Wednesday, November 25th. This is a positive change from CDW’s previous quarterly dividend of $0.63. This represents a $2.72 annualized dividend and a yield of 1.7%. CDW’s dividend payout ratio (DPR) is currently 29.40%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CDW shares. Citigroup boosted their target price on CDW from $150.00 to $170.00 and gave the stock a “neutral” rating in a research note on Thursday, November 5th. Weiss Ratings raised CDW from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 25th. UBS Group lifted their price target on CDW from $159.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, November 5th. Morgan Stanley boosted their price objective on CDW from $170.00 to $171.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Finally, JPMorgan Chase & Co. upped their price objective on CDW from $170.00 to $195.00 and gave the company an “overweight” rating in a research note on Thursday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $167.38.

CDW Profile

CDW Corporation is a provider of information technology products and services to businesses, government agencies, educational institutions and healthcare organizations. The company helps customers select, purchase, implement and manage technology solutions.

Its offerings include computers and other hardware, software, cloud services, cybersecurity, networking, data center infrastructure and collaboration tools. CDW also provides consulting, integration and ongoing technology support, helping customers plan and operate their IT environments.

Founded in 1984 as Computer Discount Warehouse, the company later adopted the CDW name.