Capital Fund Management S.A. acquired a new stake in CDW Corp. (NASDAQ:CDW) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 74,562 shares of the company’s stock, valued at approximately $2,988,000.
Other large investors have also bought and sold shares of the company. IFP Advisors Inc increased its stake in shares of CDW Corp. by 9.4% in the first quarter. IFP Advisors Inc now owns 2,819 shares of the company’s stock worth $117,000 after buying an additional 242 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of CDW Corp. by 14.5% in the second quarter. Daiwa Securities Group Inc. now owns 3,550 shares of the company’s stock worth $142,000 after buying an additional 450 shares during the period. LVW Advisors LLC purchased a new stake in shares of CDW Corp. during the first quarter worth $203,000. Hershey Trust Co. purchased a new stake in shares of CDW Corp. during the second quarter worth $208,000. Finally, Raymond James Trust N.A. increased its stake in shares of CDW Corp. by 10.9% in the second quarter. Raymond James Trust N.A. now owns 5,599 shares of the company’s stock worth $225,000 after buying an additional 550 shares during the period. Institutional investors own 90.24% of the company’s stock.
CDW Corp. (NASDAQ:CDW) traded up 0.66% during mid-day trading on Tuesday, hitting $45.92. The stock had a trading volume of 755,157 shares. The firm has a market cap of $7.50 billion, a P/E ratio of 17.83 and a beta of 0.95. CDW Corp. has a 1-year low of $30.40 and a 1-year high of $47.50. The stock has a 50 day moving average of $45.07 and a 200-day moving average of $42.62.
CDW Corp. (NASDAQ:CDW) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.93 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.08. CDW Corp. had a return on equity of 46.02% and a net margin of 3.18%. The company earned $3.66 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter last year, the company earned $0.81 EPS. The company’s quarterly revenue was up 10.6% on a year-over-year basis. Analysts predict that CDW Corp. will post $3.32 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Thursday, August 25th were given a $0.1075 dividend. The ex-dividend date was Tuesday, August 23rd. This represents a $0.43 dividend on an annualized basis and a dividend yield of 0.94%. CDW Corp.’s dividend payout ratio is currently 16.80%.
A number of brokerages have recently weighed in on CDW. Deutsche Bank AG boosted their price target on CDW Corp. from $43.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Zacks Investment Research downgraded CDW Corp. from a “buy” rating to a “hold” rating in a report on Monday, August 8th. Raymond James Financial Inc. restated a “market perform” rating on shares of CDW Corp. in a research report on Tuesday, August 2nd. RBC Capital Markets restated an “outperform” rating and set a $48.00 price objective (up previously from $46.00) on shares of CDW Corp. in a research report on Thursday, August 4th. Finally, Barclays PLC restated an “overweight” rating and set a $47.00 price objective on shares of CDW Corp. in a research report on Friday, July 1st. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $46.09.
About CDW Corp.
CDW Corporation (CDW) provides integrated information technology (IT) solutions. The Company’s segments include Corporate, Public and Other. The Corporate segment consists of private sector business customers. The Corporate segment is divided into a medium/large business customer channel, serving customers with approximately 100 employees and a small business customer channel, serving customers with over 100 employees.
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