CDW (CDW) Stake Lifted by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its position in shares of CDW (NASDAQ:CDW) by 18.4% in the third quarter, HoldingsChannel reports. The firm owned 18,193 shares of the information technology services provider’s stock after purchasing an additional 2,831 shares during the period. Russell Investments Group Ltd.’s holdings in CDW were worth $1,615,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Signature Estate & Investment Advisors LLC lifted its holdings in shares of CDW by 5.4% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 13,478 shares of the information technology services provider’s stock worth $1,198,000 after acquiring an additional 692 shares during the last quarter. IFM Investors Pty Ltd lifted its holdings in shares of CDW by 11.9% during the 3rd quarter. IFM Investors Pty Ltd now owns 8,526 shares of the information technology services provider’s stock worth $758,000 after acquiring an additional 909 shares during the last quarter. Paloma Partners Management Co lifted its holdings in shares of CDW by 11.2% during the 2nd quarter. Paloma Partners Management Co now owns 12,851 shares of the information technology services provider’s stock worth $1,038,000 after acquiring an additional 1,294 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in shares of CDW by 107.0% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 3,084 shares of the information technology services provider’s stock worth $249,000 after acquiring an additional 1,594 shares during the last quarter. Finally, Groesbeck Investment Management Corp NJ lifted its holdings in shares of CDW by 2.7% during the 2nd quarter. Groesbeck Investment Management Corp NJ now owns 64,074 shares of the information technology services provider’s stock worth $5,177,000 after acquiring an additional 1,668 shares during the last quarter. Hedge funds and other institutional investors own 89.85% of the company’s stock.

Several research firms have weighed in on CDW. BidaskClub raised shares of CDW from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. ValuEngine raised shares of CDW from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Finally, Zacks Investment Research raised shares of CDW from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research note on Tuesday, October 23rd. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. CDW has an average rating of “Buy” and a consensus target price of $88.63.

CDW stock opened at $95.54 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.41 and a debt-to-equity ratio of 2.75. The firm has a market capitalization of $14.08 billion, a price-to-earnings ratio of 24.62 and a beta of 1.03. CDW has a twelve month low of $66.88 and a twelve month high of $96.75.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Monday, November 26th will be paid a $0.295 dividend. The ex-dividend date of this dividend is Friday, November 23rd. This is an increase from CDW’s previous quarterly dividend of $0.21. This represents a $1.18 annualized dividend and a yield of 1.24%. CDW’s payout ratio is currently 30.41%.

In other news, insider Christina V. Rother sold 4,000 shares of the company’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $87.63, for a total transaction of $350,520.00. Following the completion of the transaction, the insider now directly owns 110,231 shares of the company’s stock, valued at $9,659,542.53. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Christina M. Corley sold 14,900 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $88.39, for a total transaction of $1,317,011.00. Following the transaction, the insider now directly owns 51,077 shares of the company’s stock, valued at $4,514,696.03. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 85,114 shares of company stock valued at $7,385,965. Insiders own 2.60% of the company’s stock.

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CDW Company Profile

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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