Nordea Investment Management AB maintained its stake in CDW Corp. (NASDAQ:CDW) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 3,407 shares of the company’s stock at the end of the second quarter. Nordea Investment Management AB’s holdings in CDW Corp. were worth $137,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the company. State Street Corp raised its stake in shares of CDW Corp. by 4.6% in the first quarter. State Street Corp now owns 2,373,947 shares of the company’s stock worth $98,524,000 after buying an additional 103,330 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of CDW Corp. by 5.0% in the first quarter. Geode Capital Management LLC now owns 947,956 shares of the company’s stock worth $39,318,000 after buying an additional 44,946 shares in the last quarter. Atlanta Capital Management Co. L L C raised its stake in shares of CDW Corp. by 19.9% in the first quarter. Atlanta Capital Management Co. L L C now owns 3,941,994 shares of the company’s stock worth $163,593,000 after buying an additional 655,021 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of CDW Corp. by 1.7% in the first quarter. Bessemer Group Inc. now owns 1,622,042 shares of the company’s stock worth $67,313,000 after buying an additional 26,588 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of CDW Corp. by 14.3% in the first quarter. Envestnet Asset Management Inc. now owns 121,278 shares of the company’s stock worth $5,033,000 after buying an additional 15,128 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.
CDW Corp. (NASDAQ:CDW) traded down 2.24% on Friday, hitting $46.28. The company’s stock had a trading volume of 2,052,531 shares. The firm has a 50 day moving average of $45.01 and a 200-day moving average of $42.35. The stock has a market cap of $7.56 billion, a PE ratio of 17.97 and a beta of 0.95. CDW Corp. has a 12 month low of $30.40 and a 12 month high of $47.50.
CDW Corp. (NASDAQ:CDW) last announced its earnings results on Wednesday, August 3rd. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.85 by $0.08. CDW Corp. had a return on equity of 46.02% and a net margin of 3.18%. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the prior year, the company earned $0.81 EPS. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. On average, analysts expect that CDW Corp. will post $3.32 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Thursday, August 25th were given a dividend of $0.1075 per share. The ex-dividend date was Tuesday, August 23rd. This represents a $0.43 annualized dividend and a dividend yield of 0.93%. CDW Corp.’s payout ratio is 16.80%.
A number of equities research analysts recently issued reports on CDW shares. RBC Capital Markets reissued a “buy” rating and issued a $48.00 target price on shares of CDW Corp. in a research report on Friday, September 16th. Barclays PLC reissued an “overweight” rating and issued a $47.00 target price on shares of CDW Corp. in a research report on Friday, July 1st. Zacks Investment Research raised CDW Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, June 22nd. Raymond James Financial Inc. reissued a “market perform” rating on shares of CDW Corp. in a research report on Tuesday, August 2nd. Finally, Deutsche Bank AG lifted their target price on CDW Corp. from $43.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, August 4th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $46.09.
About CDW Corp.
CDW Corporation (CDW) provides integrated information technology (IT) solutions. The Company’s segments include Corporate, Public and Other. The Corporate segment consists of private sector business customers. The Corporate segment is divided into a medium/large business customer channel, serving customers with approximately 100 employees and a small business customer channel, serving customers with over 100 employees.
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