139,121 Shares in CDW Corporation $CDW Acquired by Life Cycle Investment Partners Ltd

Life Cycle Investment Partners Ltd acquired a new position in CDW Corporation (NASDAQ:CDW) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 139,121 shares of the information technology services provider’s stock, valued at approximately $18,948,000. Life Cycle Investment Partners Ltd owned 0.11% of CDW at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CDW. Root Financial Partners LLC bought a new position in CDW in the 3rd quarter worth approximately $26,000. eCIO Inc. bought a new position in CDW in the 4th quarter worth approximately $61,000. Covestor Ltd boosted its holdings in CDW by 87.9% in the 3rd quarter. Covestor Ltd now owns 483 shares of the information technology services provider’s stock worth $77,000 after buying an additional 226 shares during the period. American National Bank & Trust bought a new position in CDW in the 4th quarter worth approximately $110,000. Finally, Steph & Co. boosted its holdings in CDW by 53.3% in the 4th quarter. Steph & Co. now owns 1,150 shares of the information technology services provider’s stock worth $157,000 after buying an additional 400 shares during the period. 93.15% of the stock is owned by institutional investors.

CDW Stock Performance

NASDAQ CDW opened at $110.82 on Friday. CDW Corporation has a 1 year low of $97.12 and a 1 year high of $186.70. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.16 and a quick ratio of 1.06. The stock has a market capitalization of $14.16 billion, a PE ratio of 13.48, a P/E/G ratio of 1.50 and a beta of 1.04. The company’s 50 day simple moving average is $120.92 and its two-hundred day simple moving average is $130.31.

CDW (NASDAQ:CDW) last posted its earnings results on Wednesday, May 6th. The information technology services provider reported $2.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.28. CDW had a net margin of 4.70% and a return on equity of 49.67%. The business had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same period in the prior year, the company posted $2.15 EPS. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. Analysts predict that CDW Corporation will post 10 earnings per share for the current fiscal year.

CDW Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Monday, May 25th will be paid a $0.63 dividend. The ex-dividend date is Friday, May 22nd. This represents a $2.52 annualized dividend and a yield of 2.3%. CDW’s dividend payout ratio is currently 30.66%.

Analyst Ratings Changes

Several research analysts recently commented on CDW shares. Raymond James Financial set a $150.00 price objective on shares of CDW in a report on Wednesday, May 6th. Citigroup cut their price objective on shares of CDW from $150.00 to $123.00 and set a “neutral” rating for the company in a report on Friday, May 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of CDW in a report on Friday, April 24th. Morgan Stanley raised their price objective on shares of CDW from $141.00 to $142.00 and gave the stock an “equal weight” rating in a report on Thursday, February 5th. Finally, Barclays cut their price objective on shares of CDW from $144.00 to $123.00 and set an “equal weight” rating for the company in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $142.14.

CDW Profile

CDW (NASDAQ: CDW) is a leading provider of information technology products and integrated solutions for business, government, education and healthcare customers. The company sources and resells hardware and software from major technology vendors and packages those products with professional services, managed services and lifecycle support. Its offerings span IT infrastructure, cloud and data center solutions, cybersecurity, networking, unified communications, endpoint devices, and software licensing and procurement services designed to simplify IT operations for customers.

CDW combines a broad product portfolio with consultative sales, implementation and technical support capabilities.