Healthcare of Ontario Pension Plan Trust Fund Boosts Holdings in CDW Co. (NASDAQ:CDW)

Healthcare of Ontario Pension Plan Trust Fund raised its holdings in CDW Co. (NASDAQ:CDW) by 26.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,400 shares of the information technology services provider’s stock after buying an additional 5,099 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in CDW were worth $4,044,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of CDW. Los Angeles Capital Management LLC grew its holdings in shares of CDW by 22.7% during the 4th quarter. Los Angeles Capital Management LLC now owns 68,775 shares of the information technology services provider’s stock worth $9,064,000 after purchasing an additional 12,727 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of CDW by 56.8% during the 4th quarter. Russell Investments Group Ltd. now owns 50,662 shares of the information technology services provider’s stock worth $6,663,000 after purchasing an additional 18,354 shares during the period. FIL Ltd grew its holdings in shares of CDW by 0.5% during the 4th quarter. FIL Ltd now owns 134,332 shares of the information technology services provider’s stock worth $17,704,000 after purchasing an additional 602 shares during the period. Principal Financial Group Inc. grew its holdings in shares of CDW by 117.9% during the 4th quarter. Principal Financial Group Inc. now owns 479,878 shares of the information technology services provider’s stock worth $63,243,000 after purchasing an additional 259,671 shares during the period. Finally, Vident Investment Advisory LLC grew its holdings in shares of CDW by 12.1% during the 4th quarter. Vident Investment Advisory LLC now owns 11,604 shares of the information technology services provider’s stock worth $1,530,000 after purchasing an additional 1,253 shares during the period. Institutional investors and hedge funds own 91.02% of the company’s stock.

In related news, insider Christina M. Corley sold 3,989 shares of the company’s stock in a transaction that occurred on Wednesday, May 19th. The stock was sold at an average price of $164.92, for a total transaction of $657,865.88. Following the sale, the insider now directly owns 44,724 shares of the company’s stock, valued at approximately $7,375,882.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Donna F. Zarcone sold 7,006 shares of the company’s stock in a transaction that occurred on Wednesday, June 2nd. The shares were sold at an average price of $165.40, for a total value of $1,158,792.40. Over the last ninety days, insiders sold 17,895 shares of company stock worth $3,036,234. 1.04% of the stock is currently owned by corporate insiders.

Shares of CDW opened at $169.10 on Thursday. The firm has a 50 day simple moving average of $171.81. CDW Co. has a 52-week low of $105.87 and a 52-week high of $184.58. The firm has a market cap of $23.71 billion, a price-to-earnings ratio of 28.56, a price-to-earnings-growth ratio of 1.82 and a beta of 1.11. The company has a debt-to-equity ratio of 3.34, a quick ratio of 1.27 and a current ratio of 1.47.

CDW (NASDAQ:CDW) last announced its earnings results on Wednesday, May 5th. The information technology services provider reported $1.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.25. CDW had a return on equity of 83.86% and a net margin of 4.51%. The company had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.58 billion. During the same period in the prior year, the company posted $1.38 EPS. CDW’s quarterly revenue was up 10.2% on a year-over-year basis. On average, analysts anticipate that CDW Co. will post 7.07 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 10th. Shareholders of record on Tuesday, May 25th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Monday, May 24th. CDW’s payout ratio is 24.43%.

CDW has been the subject of a number of research reports. Citigroup boosted their target price on CDW from $175.00 to $210.00 in a report on Thursday, May 6th. Credit Suisse Group upped their price target on CDW from $175.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, May 6th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their price target on CDW from $175.00 to $210.00 in a report on Thursday, May 6th. Zacks Investment Research cut CDW from a “buy” rating to a “hold” rating and set a $172.00 price target for the company. in a report on Thursday, May 13th. Finally, Morgan Stanley upped their price target on CDW from $188.00 to $190.00 and gave the stock an “overweight” rating in a report on Wednesday, April 14th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $181.00.

About CDW

CDW Corporation provides integrated information technology (IT) solutions to business, government, education, and healthcare customers 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, as well as integrated IT solutions, including on-premise, hybrid and cloud capabilities across data center and networking, digital workspace, security, and virtualization.

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Institutional Ownership by Quarter for CDW (NASDAQ:CDW)

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