Daiwa Securities Group Inc. boosted its stake in CDW Corp. (NASDAQ:CDW) by 14.5% during the second quarter, Holdings Channel reports. The firm owned 3,550 shares of the company’s stock after buying an additional 450 shares during the period. Daiwa Securities Group Inc.’s holdings in CDW Corp. were worth $142,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. State Street Corp raised its stake in shares of CDW Corp. by 4.6% in the first quarter. State Street Corp now owns 2,373,947 shares of the company’s stock worth $98,524,000 after buying an additional 103,330 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of CDW Corp. by 5.0% in the first quarter. Geode Capital Management LLC now owns 947,956 shares of the company’s stock worth $39,318,000 after buying an additional 44,946 shares during the last quarter. Atlanta Capital Management Co. L L C raised its stake in shares of CDW Corp. by 19.9% in the first quarter. Atlanta Capital Management Co. L L C now owns 3,941,994 shares of the company’s stock worth $163,593,000 after buying an additional 655,021 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of CDW Corp. by 1.7% in the first quarter. Bessemer Group Inc. now owns 1,622,042 shares of the company’s stock worth $67,313,000 after buying an additional 26,588 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of CDW Corp. by 14.3% in the first quarter. Envestnet Asset Management Inc. now owns 121,278 shares of the company’s stock worth $5,033,000 after buying an additional 15,128 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.
Shares of CDW Corp. (NASDAQ:CDW) traded down 0.88% during mid-day trading on Friday, hitting $45.11. 777,441 shares of the company traded hands. The firm has a 50-day moving average of $45.14 and a 200-day moving average of $42.69. The stock has a market capitalization of $7.37 billion, a price-to-earnings ratio of 17.52 and a beta of 0.95. CDW Corp. has a one year low of $30.40 and a one year high of $47.50.
CDW Corp. (NASDAQ:CDW) last released its earnings results on Wednesday, August 3rd. The company reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.08. CDW Corp. had a net margin of 3.18% and a return on equity of 46.02%. The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the previous year, the company earned $0.81 EPS. CDW Corp.’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, equities analysts predict that CDW Corp. will post $3.32 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Thursday, August 25th were given a dividend of $0.1075 per share. The ex-dividend date of this dividend was Tuesday, August 23rd. This represents a $0.43 dividend on an annualized basis and a dividend yield of 0.95%. CDW Corp.’s payout ratio is presently 16.80%.
A number of equities research analysts recently commented on CDW shares. Deutsche Bank AG raised their price objective on shares of CDW Corp. from $43.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. RBC Capital Markets restated a “buy” rating and set a $48.00 price objective on shares of CDW Corp. in a report on Friday, September 16th. Zacks Investment Research upgraded shares of CDW Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, June 22nd. Raymond James Financial Inc. reaffirmed a “market perform” rating on shares of CDW Corp. in a research report on Tuesday, August 2nd. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $47.00 target price on shares of CDW Corp. in a research report on Friday, July 1st. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. CDW Corp. has a consensus rating of “Buy” and an average target price of $46.09.
CDW Corp. Company Profile
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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