Riverwater Partners LLC Purchases 474 Shares of CDW Co. (NASDAQ:CDW)

Riverwater Partners LLC raised its holdings in shares of CDW Co. (NASDAQ:CDW) by 49.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,439 shares of the information technology services provider’s stock after acquiring an additional 474 shares during the quarter. Riverwater Partners LLC’s holdings in CDW were worth $316,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of CDW by 4.6% during the first quarter. Vanguard Group Inc. now owns 16,407,542 shares of the information technology services provider’s stock valued at $4,196,721,000 after purchasing an additional 714,393 shares during the last quarter. Mawer Investment Management Ltd. boosted its position in CDW by 0.9% in the first quarter. Mawer Investment Management Ltd. now owns 3,101,924 shares of the information technology services provider’s stock worth $793,410,000 after purchasing an additional 27,753 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of CDW by 3.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,431,573 shares of the information technology services provider’s stock valued at $366,168,000 after purchasing an additional 51,450 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of CDW by 11.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,292,674 shares of the information technology services provider’s stock worth $289,357,000 after buying an additional 128,263 shares during the last quarter. Finally, Lazard Asset Management LLC increased its holdings in CDW by 225.9% during the first quarter. Lazard Asset Management LLC now owns 881,586 shares of the information technology services provider’s stock valued at $225,491,000 after buying an additional 611,054 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

CDW Stock Up 0.3 %

Shares of CDW opened at $217.65 on Thursday. The stock has a market capitalization of $29.25 billion, a price-to-earnings ratio of 27.17, a price-to-earnings-growth ratio of 3.42 and a beta of 1.03. The business’s 50 day simple moving average is $221.67 and its 200-day simple moving average is $225.21. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.13 and a quick ratio of 1.02. CDW Co. has a 1 year low of $185.04 and a 1 year high of $263.37.

CDW (NASDAQ:CDW) last issued its quarterly earnings data on Wednesday, July 31st. The information technology services provider reported $2.34 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $5.43 billion. During the same quarter last year, the company earned $2.43 earnings per share. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. As a group, equities analysts expect that CDW Co. will post 9.4 earnings per share for the current fiscal year.

CDW Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.14%. CDW’s dividend payout ratio is presently 30.96%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Citigroup downgraded CDW from a “buy” rating to a “neutral” rating and lowered their target price for the company from $250.00 to $245.00 in a research report on Tuesday, October 1st. Stifel Nicolaus increased their target price on shares of CDW from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Finally, Barclays dropped their price target on shares of CDW from $232.00 to $229.00 and set an “equal weight” rating for the company in a research report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $255.00.

Insiders Place Their Bets

In other CDW news, insider Christine A. Leahy purchased 1,200 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was purchased at an average cost of $216.15 per share, with a total value of $259,380.00. Following the purchase, the insider now owns 102,200 shares of the company’s stock, valued at approximately $22,090,530. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.90% of the stock is owned by insiders.

CDW Company 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.