Signaturefd LLC Has $614,000 Position in CDW Co. (NASDAQ:CDW)

Signaturefd LLC lowered its holdings in shares of CDW Co. (NASDAQ:CDW) by 4.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,741 shares of the information technology services provider’s stock after selling 116 shares during the period. Signaturefd LLC’s holdings in CDW were worth $614,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CDW. Tsfg LLC acquired a new stake in CDW during the first quarter worth $26,000. Rise Advisors LLC acquired a new stake in shares of CDW in the 1st quarter valued at $34,000. ORG Partners LLC acquired a new stake in shares of CDW in the 2nd quarter valued at $34,000. Summit Securities Group LLC acquired a new stake in shares of CDW in the 2nd quarter valued at $40,000. Finally, Continuum Advisory LLC boosted its stake in shares of CDW by 1,692.3% in the 2nd quarter. Continuum Advisory LLC now owns 233 shares of the information technology services provider’s stock valued at $52,000 after purchasing an additional 220 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

CDW Stock Performance

CDW stock opened at $225.64 on Friday. The stock has a market capitalization of $30.33 billion, a price-to-earnings ratio of 28.17, a P/E/G ratio of 3.17 and a beta of 1.04. CDW Co. has a 12-month low of $185.04 and a 12-month high of $263.37. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.03. The stock has a 50-day simple moving average of $222.76 and a 200 day simple moving average of $232.62.

CDW (NASDAQ:CDW) last announced its quarterly earnings data on Wednesday, July 31st. The information technology services provider reported $2.34 earnings per share for the quarter, missing the consensus estimate of $2.39 by ($0.05). The firm had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.43 billion. CDW had a return on equity of 62.22% and a net margin of 5.29%. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.43 earnings per share. On average, research analysts anticipate that CDW Co. will post 9.6 earnings per share for the current fiscal year.

CDW Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th will be issued a dividend of $0.62 per share. The ex-dividend date is Monday, August 26th. This represents a $2.48 annualized dividend and a yield of 1.10%. CDW’s dividend payout ratio is currently 30.96%.

Insiders Place Their Bets

In related news, insider Christine A. Leahy purchased 1,200 shares of the stock in a transaction dated Thursday, August 1st. The stock was bought at an average cost of $216.15 per share, with a total value of $259,380.00. Following the purchase, the insider now directly owns 102,200 shares in the company, valued at approximately $22,090,530. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Christine A. Leahy purchased 1,200 shares of the stock in a transaction dated Thursday, August 1st. The stock was bought at an average cost of $216.15 per share, with a total value of $259,380.00. Following the purchase, the insider now directly owns 102,200 shares in the company, valued at approximately $22,090,530. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sona Chawla sold 18,437 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $240.45, for a total value of $4,433,176.65. Following the completion of the sale, the insider now directly owns 22,428 shares of the company’s stock, valued at $5,392,812.60. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Barclays reduced their target price on shares of CDW from $232.00 to $229.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 1st. Stifel Nicolaus boosted their target price on shares of CDW from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Finally, 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 research note on Friday, June 7th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, CDW currently has a consensus rating of “Moderate Buy” and an average price target of $254.63.

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.