4,208 Shares in CDW Corporation $CDW Bought by Capstone Capital Management Ltd

Capstone Capital Management Ltd acquired a new position in CDW Corporation (NASDAQ:CDW) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 4,208 shares of the information technology services provider’s stock, valued at approximately $539,000.

Other large investors have also recently bought and sold shares of the company. Union Savings Bank boosted its position in CDW by 500.0% in the 3rd quarter. Union Savings Bank now owns 192 shares of the information technology services provider’s stock valued at $25,000 after buying an additional 160 shares during the last quarter. Allied Private Wealth LLC bought a new stake in shares of CDW during the second quarter worth $28,000. Keating Financial Advisory Services Inc. bought a new stake in shares of CDW during the second quarter worth $28,000. Community Bank N.A. acquired a new position in shares of CDW during the second quarter valued at $31,000. Finally, Hollencrest Capital Management lifted its stake in shares of CDW by 909.1% during the first quarter. Hollencrest Capital Management now owns 222 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

CDW Stock Up 1.5%

CDW stock opened at $154.99 on Wednesday. CDW Corporation has a fifty-two week low of $97.12 and a fifty-two week high of $161.10. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.17 and a quick ratio of 1.05. The business’s fifty day moving average price is $143.43 and its two-hundred day moving average price is $134.35. The stock has a market capitalization of $19.38 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 2.00 and a beta of 0.95.

CDW (NASDAQ:CDW) last posted its quarterly earnings data on Wednesday, August 5th. The information technology services provider reported $2.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.80 by $0.11. CDW had a net margin of 4.60% and a return on equity of 50.61%. The firm had revenue of $6.57 billion during the quarter, compared to the consensus estimate of $6.21 billion. During the same quarter in the previous year, the firm posted $2.60 EPS. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. On average, equities analysts anticipate that CDW Corporation will post 10.33 earnings per share for the current year.

CDW Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Tuesday, August 25th were paid a dividend of $0.63 per share. The ex-dividend date was Tuesday, August 25th. This represents a $2.52 annualized dividend and a yield of 1.6%. CDW’s dividend payout ratio is presently 30.29%.

Insiders Place Their Bets

In other CDW news, insider Elizabeth Connelly sold 26,695 shares of CDW stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $137.62, for a total value of $3,673,765.90. Following the transaction, the insider owned 34,215 shares in the company, valued at $4,708,668.30. The trade was a 43.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.82% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Citigroup lifted their price target on shares of CDW from $123.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. Weiss Ratings raised shares of CDW from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 25th. 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 research report on Monday, September 21st. Finally, Morgan Stanley upped their price objective on CDW from $170.00 to $171.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $150.12.

About CDW

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.