CDW Co. (NASDAQ:CDW) Stake Boosted by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC raised its position in shares of CDW Co. (NASDAQ:CDW) by 17.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,712 shares of the information technology services provider’s stock after buying an additional 3,456 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in CDW were worth $5,084,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CDW. Tsfg LLC purchased a new stake in shares of CDW in the 1st quarter valued at approximately $26,000. Rise Advisors LLC acquired a new stake in CDW during the 1st quarter valued at $34,000. ORG Partners LLC purchased a new stake in shares of CDW in the second quarter valued at $34,000. Quest Partners LLC purchased a new stake in shares of CDW in the second quarter valued at $35,000. Finally, Summit Securities Group LLC acquired a new stake in shares of CDW in the second quarter worth $40,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

CDW Trading Up 0.7 %

CDW stock opened at $220.15 on Monday. CDW Co. has a one year low of $185.04 and a one year high of $263.37. The company’s fifty day moving average price is $221.79 and its two-hundred day moving average price is $230.65. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.13 and a quick ratio of 1.02. The company has a market capitalization of $29.41 billion, a price-to-earnings ratio of 27.48, a PEG ratio of 3.27 and a beta of 1.04.

CDW (NASDAQ:CDW) last issued its quarterly earnings data 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). CDW had a net margin of 5.29% and a return on equity of 62.22%. The company had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.43 billion. During the same period in the previous year, the business posted $2.43 earnings per share. The firm’s revenue was down 3.6% on a year-over-year basis. On average, analysts forecast that CDW Co. will post 9.4 earnings per share for the current fiscal year.

CDW Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were paid a dividend of $0.62 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $2.48 annualized dividend and a yield of 1.13%. CDW’s payout ratio is 30.96%.

Insiders Place Their Bets

In other news, insider Sona Chawla sold 18,437 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other CDW news, insider Sona Chawla sold 18,437 shares of CDW stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $240.45, for a total transaction of $4,433,176.65. Following 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christine A. Leahy bought 1,200 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was bought at an average cost 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 in the company, valued at approximately $22,090,530. The disclosure for this purchase can be found here. Company insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

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

CDW 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.