Certuity LLC Invests $2.27 Million in CDW Co. (NASDAQ:CDW)

Certuity LLC acquired a new position in CDW Co. (NASDAQ:CDW) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 10,123 shares of the information technology services provider’s stock, valued at approximately $2,266,000.

Several other large investors have also recently added to or reduced their stakes in CDW. Aaron Wealth Advisors LLC grew its stake in shares of CDW by 2.8% in the first quarter. Aaron Wealth Advisors LLC now owns 1,540 shares of the information technology services provider’s stock worth $394,000 after purchasing an additional 42 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its position in CDW by 5.9% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 767 shares of the information technology services provider’s stock valued at $196,000 after buying an additional 43 shares in the last quarter. RDA Financial Network increased its stake in CDW by 3.0% during the 2nd quarter. RDA Financial Network now owns 1,587 shares of the information technology services provider’s stock valued at $355,000 after buying an additional 46 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its position in shares of CDW by 1.4% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,446 shares of the information technology services provider’s stock worth $881,000 after buying an additional 47 shares in the last quarter. Finally, Prestige Wealth Management Group LLC lifted its stake in shares of CDW by 6.4% in the 4th quarter. Prestige Wealth Management Group LLC now owns 811 shares of the information technology services provider’s stock worth $184,000 after acquiring an additional 49 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CDW

In other news, insider Christine A. Leahy acquired 1,200 shares of the stock in a transaction on Thursday, August 1st. The shares were purchased at an average cost of $216.15 per share, for a total transaction of $259,380.00. Following the transaction, the insider now owns 102,200 shares in the company, valued at approximately $22,090,530. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Sona Chawla sold 18,437 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $240.45, for a total value of $4,433,176.65. Following the completion of the sale, the insider now directly owns 22,428 shares of the company’s stock, valued at $5,392,812.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christine A. Leahy purchased 1,200 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were bought at an average price of $216.15 per share, with a total value of $259,380.00. Following the completion of the acquisition, the insider now owns 102,200 shares of the company’s stock, valued at approximately $22,090,530. The disclosure for this purchase can be found here. 0.90% of the stock is owned by insiders.

CDW Stock Performance

CDW opened at $212.21 on Friday. The business has a fifty day simple moving average of $221.91 and a 200-day simple moving average of $231.74. The firm has a market cap of $28.52 billion, a PE ratio of 26.49, a P/E/G ratio of 3.42 and a beta of 1.04. The company has a quick ratio of 1.02, a current ratio of 1.13 and a debt-to-equity ratio of 2.03. CDW Co. has a fifty-two week low of $185.04 and a fifty-two week high of $263.37.

CDW (NASDAQ:CDW) last released its quarterly earnings results on Wednesday, July 31st. The information technology services provider reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $2.39 by ($0.05). The company had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.43 billion. CDW had a net margin of 5.29% and a return on equity of 62.22%. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter last year, the business earned $2.43 EPS. As a group, equities analysts predict that CDW Co. will post 9.4 EPS for the current fiscal year.

CDW Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Monday, August 26th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.17%. CDW’s dividend payout ratio is currently 30.96%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CDW shares. Barclays lowered their price objective on shares of CDW from $232.00 to $229.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 1st. Northcoast Research upgraded CDW from a “neutral” rating to a “buy” rating and set a $270.00 price target on the stock in a research report on Friday, June 7th. Finally, Stifel Nicolaus upped their price objective on CDW from $250.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $254.63.

CDW Company Profile

CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products and services, as well as integrated IT solutions, including on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security.