Insight Wealth Strategies LLC Makes New $3.94 Million Investment in CDW Co. (NASDAQ:CDW)

Insight Wealth Strategies LLC acquired a new stake in shares of CDW Co. (NASDAQ:CDWFree Report) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 15,403 shares of the information technology services provider’s stock, valued at approximately $3,940,000.

Other hedge funds also recently made changes to their positions in the company. UBS Group AG grew its holdings in CDW by 60.7% during the 4th quarter. UBS Group AG now owns 194,686 shares of the information technology services provider’s stock valued at $44,256,000 after buying an additional 73,503 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in CDW by 16.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 49,011 shares of the information technology services provider’s stock valued at $11,141,000 after acquiring an additional 6,799 shares during the last quarter. Cerity Partners LLC lifted its stake in CDW by 44.9% in the 4th quarter. Cerity Partners LLC now owns 14,553 shares of the information technology services provider’s stock worth $3,308,000 after purchasing an additional 4,511 shares in the last quarter. Rafferty Asset Management LLC boosted its holdings in shares of CDW by 157.3% during the 4th quarter. Rafferty Asset Management LLC now owns 90,362 shares of the information technology services provider’s stock valued at $20,541,000 after purchasing an additional 55,239 shares during the last quarter. Finally, Pacer Advisors Inc. grew its position in shares of CDW by 84.9% during the fourth quarter. Pacer Advisors Inc. now owns 15,924 shares of the information technology services provider’s stock valued at $3,620,000 after purchasing an additional 7,310 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors.

CDW Stock Up 1.9 %

NASDAQ CDW traded up $4.20 during trading on Wednesday, hitting $230.55. The company’s stock had a trading volume of 1,255,237 shares, compared to its average volume of 799,926. CDW Co. has a fifty-two week low of $170.96 and a fifty-two week high of $263.37. The company has a market cap of $30.99 billion, a PE ratio of 28.78, a P/E/G ratio of 3.33 and a beta of 1.06. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.26 and a quick ratio of 1.13. The business’s 50 day simple moving average is $229.42 and its 200-day simple moving average is $233.06.

CDW (NASDAQ:CDWGet Free Report) last released its earnings results on Wednesday, May 1st. The information technology services provider reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.15). CDW had a return on equity of 67.56% and a net margin of 5.16%. The company had revenue of $4.87 billion during the quarter, compared to analyst estimates of $4.94 billion. On average, equities analysts anticipate that CDW Co. will post 9.67 EPS for the current fiscal year.

CDW Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Friday, May 24th were given a $0.62 dividend. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $2.48 dividend on an annualized basis and a yield of 1.08%. CDW’s dividend payout ratio is currently 30.96%.

Analyst Ratings Changes

CDW has been the subject of a number of research reports. Stifel Nicolaus dropped their price target on CDW from $265.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Citigroup reduced their price target on shares of CDW from $295.00 to $260.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Barclays lowered their price objective on shares of CDW from $261.00 to $232.00 and set an “equal weight” rating for the company in a research report on Thursday, May 2nd. Northcoast Research upgraded shares of CDW from a “neutral” rating to a “buy” rating and set a $270.00 target price on the stock in a report on Friday, June 7th. Finally, JPMorgan Chase & Co. decreased their target price on shares of CDW from $280.00 to $265.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $250.00.

View Our Latest Stock Report on CDW

CDW Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for CDW (NASDAQ:CDW)

Receive News & Ratings for CDW Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CDW and related companies with MarketBeat.com's FREE daily email newsletter.