Public Employees Retirement System of Ohio lessened its stake in CDW (NASDAQ:CDW) by 10.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,124 shares of the information technology services provider’s stock after selling 6,119 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in CDW were worth $6,288,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the stock. Rockefeller Capital Management L.P. lifted its stake in CDW by 70.9% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 299 shares of the information technology services provider’s stock valued at $35,000 after purchasing an additional 124 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new stake in CDW in the second quarter valued at $46,000. Virtus Alternative Investment Advisers Inc. acquired a new stake in CDW in the second quarter valued at $50,000. CSat Investment Advisory L.P. raised its position in CDW by 43.8% during the 1st quarter. CSat Investment Advisory L.P. now owns 755 shares of the information technology services provider’s stock worth $71,000 after purchasing an additional 230 shares during the last quarter. Finally, FDx Advisors Inc. lifted its holdings in CDW by 90.6% during the 1st quarter. FDx Advisors Inc. now owns 25,658 shares of the information technology services provider’s stock worth $82,000 after buying an additional 12,199 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.
NASDAQ:CDW traded up $1.32 on Wednesday, hitting $115.50. The stock had a trading volume of 258 shares, compared to its average volume of 806,140. CDW has a 1 year low of $73.39 and a 1 year high of $146.09. The firm’s fifty day simple moving average is $113.96 and its two-hundred day simple moving average is $109.34. The company has a debt-to-equity ratio of 3.66, a quick ratio of 1.28 and a current ratio of 1.47. The stock has a market cap of $16.14 billion, a P/E ratio of 22.48, a price-to-earnings-growth ratio of 1.55 and a beta of 1.21.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Tuesday, August 25th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Monday, August 24th. CDW’s dividend payout ratio is presently 25.25%.
Several equities research analysts have recently weighed in on CDW shares. Citigroup began coverage on CDW in a research note on Wednesday, August 12th. They issued a “buy” rating and a $140.00 price target for the company. Morgan Stanley increased their target price on shares of CDW from $120.00 to $124.00 and gave the company an “equal weight” rating in a research report on Thursday, August 6th. BidaskClub downgraded shares of CDW from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 18th. JPMorgan Chase & Co. lowered shares of CDW from a “neutral” rating to an “underweight” rating and set a $115.00 price objective on the stock. in a research note on Tuesday, June 9th. They noted that the move was a valuation call. Finally, Credit Suisse Group reissued a “buy” rating and set a $127.00 target price on shares of CDW in a research note on Thursday, August 6th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $127.89.
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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