CDW Co. (NASDAQ:CDW) Shares Sold by Pragma Gestao DE Patrimonio Ltd.

Pragma Gestao DE Patrimonio Ltd. trimmed its holdings in shares of CDW Co. (NASDAQ:CDW) by 5.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,000 shares of the information technology services provider’s stock after selling 4,000 shares during the period. CDW makes up about 7.8% of Pragma Gestao DE Patrimonio Ltd.’s portfolio, making the stock its 3rd biggest position. Pragma Gestao DE Patrimonio Ltd. owned about 0.05% of CDW worth $15,162,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CDW. Duality Advisers LP purchased a new position in shares of CDW during the 1st quarter valued at approximately $584,000. Empirical Finance LLC increased its holdings in CDW by 3.5% in the 1st quarter. Empirical Finance LLC now owns 4,669 shares of the information technology services provider’s stock worth $1,194,000 after acquiring an additional 160 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in CDW by 105.5% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 9,080 shares of the information technology services provider’s stock worth $2,322,000 after acquiring an additional 4,661 shares in the last quarter. Empowered Funds LLC increased its holdings in CDW by 12.7% in the 1st quarter. Empowered Funds LLC now owns 15,142 shares of the information technology services provider’s stock worth $3,873,000 after acquiring an additional 1,707 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of CDW by 79.4% during the first quarter. SG Americas Securities LLC now owns 22,671 shares of the information technology services provider’s stock worth $5,799,000 after buying an additional 10,033 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Citigroup cut shares of CDW from a “buy” rating to a “neutral” rating and reduced their target price for the company from $250.00 to $245.00 in a research report on Tuesday, October 1st. Barclays reduced their target price on shares of CDW from $229.00 to $201.00 and set an “equal weight” rating for the company in a research report on Thursday, October 31st. JPMorgan Chase & Co. cut shares of CDW from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $260.00 to $235.00 in a research report on Monday, October 28th. Finally, Stifel Nicolaus upped their price objective on shares of CDW from $250.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $246.71.

CDW Price Performance

Shares of NASDAQ CDW opened at $199.87 on Friday. The firm has a market capitalization of $26.64 billion, a P/E ratio of 24.43, a PEG ratio of 5.15 and a beta of 1.05. CDW Co. has a one year low of $187.73 and a one year high of $263.37. The company’s fifty day moving average is $216.50 and its two-hundred day moving average is $221.99. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.28 and a current ratio of 1.40.

CDW (NASDAQ:CDW) last released its quarterly earnings results on Wednesday, October 30th. The information technology services provider reported $2.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($0.05). CDW had a return on equity of 58.31% and a net margin of 5.33%. The firm had revenue of $5.52 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same period last year, the firm earned $2.60 EPS. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. Analysts forecast that CDW Co. will post 9.38 EPS for the current fiscal year.

CDW Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be paid a $0.625 dividend. This is an increase from CDW’s previous quarterly dividend of $0.62. The ex-dividend date is Monday, November 25th. This represents a $2.50 annualized dividend and a yield of 1.25%. CDW’s payout ratio is presently 30.56%.

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.