Thompson Siegel & Walmsley LLC Purchases 3,456 Shares of CDW Co. (NASDAQ:CDW)

Thompson Siegel & Walmsley LLC lifted its holdings in CDW Co. (NASDAQ:CDW) by 17.9% during the 2nd quarter, Holdings Channel reports. The fund owned 22,712 shares of the information technology services provider’s stock after acquiring an additional 3,456 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in CDW were worth $5,084,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of CDW. UBS Group AG increased its position in CDW by 60.7% in 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 acquiring an additional 73,503 shares in the last quarter. Acadian Asset Management LLC raised its position in CDW by 211.5% in the 1st quarter. Acadian Asset Management LLC now owns 44,205 shares of the information technology services provider’s stock worth $11,302,000 after purchasing an additional 30,012 shares during the last quarter. Rafferty Asset Management LLC raised its position in CDW by 157.3% in the 4th quarter. Rafferty Asset Management LLC now owns 90,362 shares of the information technology services provider’s stock worth $20,541,000 after purchasing an additional 55,239 shares during the last quarter. Insight Wealth Strategies LLC acquired a new position in CDW during the 1st quarter worth $3,940,000. Finally, Madison Asset Management LLC boosted its position in CDW by 2.8% in the 4th quarter. Madison Asset Management LLC now owns 374,505 shares of the information technology services provider’s stock valued at $85,132,000 after buying an additional 10,183 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CDW has been the subject of a number of recent research reports. Stifel Nicolaus boosted their target price on CDW from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Barclays dropped their price objective on CDW from $232.00 to $229.00 and set an “equal weight” rating for the company in a report on Thursday, August 1st. Finally, Northcoast Research raised 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 research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $254.63.

Insider Buying and Selling

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

CDW Price Performance

Shares of CDW opened at $220.15 on Monday. The stock has a market cap of $29.41 billion, a P/E ratio of 27.48, a price-to-earnings-growth ratio of 3.27 and a beta of 1.04. CDW Co. has a 1 year low of $185.04 and a 1 year high of $263.37. The stock’s 50-day moving average price is $221.79 and its two-hundred day moving average price is $230.65. The company has a current ratio of 1.13, a quick ratio of 1.02 and a debt-to-equity ratio of 2.03.

CDW (NASDAQ:CDW) last issued its quarterly earnings data on Wednesday, July 31st. The information technology services provider reported $2.34 EPS for the quarter, missing the consensus estimate of $2.39 by ($0.05). CDW had a return on equity of 62.22% and a net margin of 5.29%. The business had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.43 billion. During the same period in the previous year, the business posted $2.43 EPS. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. On average, equities analysts predict that CDW Co. will post 9.4 earnings per share for the current year.

CDW Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were given a $0.62 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $2.48 annualized dividend and a dividend yield of 1.13%. CDW’s dividend payout ratio is presently 30.96%.

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.