69,519 CDW Corporation $CDW Shares Purchased by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. grew its position in CDW Corporation (NASDAQ:CDW) by 72,415.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,615 shares of the information technology services provider’s stock after purchasing an additional 69,519 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in CDW were worth $8,922,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CDW. Parkside Financial Bank & Trust boosted its holdings in CDW by 48.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 268 shares of the information technology services provider’s stock valued at $38,000 after purchasing an additional 87 shares during the period. V Square Quantitative Management LLC increased its holdings in shares of CDW by 2.8% during the third quarter. V Square Quantitative Management LLC now owns 3,252 shares of the information technology services provider’s stock worth $417,000 after buying an additional 89 shares in the last quarter. Root Financial Partners LLC increased its stake in shares of CDW by 54.7% in the first quarter. Root Financial Partners LLC now owns 263 shares of the information technology services provider’s stock valued at $32,000 after buying an additional 93 shares in the last quarter. CX Institutional grew its stake in shares of CDW by 4.0% during the third quarter. CX Institutional now owns 2,585 shares of the information technology services provider’s stock valued at $331,000 after purchasing an additional 99 shares during the last quarter. Finally, Studio Investment Management LLC raised its position in shares of CDW by 6.0% during the second quarter. Studio Investment Management LLC now owns 2,667 shares of the information technology services provider’s stock worth $375,000 after acquiring an additional 150 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

CDW Stock Performance

NASDAQ:CDW opened at $165.11 on Friday. The stock’s 50-day simple moving average is $144.83 and its 200 day simple moving average is $135.12. The firm has a market capitalization of $20.64 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 2.16 and a beta of 0.95. CDW Corporation has a twelve month low of $97.12 and a twelve month high of $166.15. The company has a quick ratio of 1.05, a current ratio of 1.17 and a debt-to-equity ratio of 1.97.

CDW (NASDAQ:CDW) last posted its earnings results on Wednesday, August 5th. The information technology services provider reported $2.91 earnings per share for the quarter, topping analysts’ consensus estimates of $2.80 by $0.11. The firm had revenue of $6.57 billion for the quarter, compared to analyst estimates of $6.21 billion. CDW had a net margin of 4.60% and a return on equity of 50.61%. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.60 EPS. On average, analysts anticipate that CDW Corporation will post 10.33 EPS for the current fiscal year.

CDW Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Tuesday, August 25th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Tuesday, August 25th. CDW’s dividend payout ratio (DPR) is presently 30.29%.

Insider Activity at CDW

In other news, insider Elizabeth Connelly sold 26,695 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $137.62, for a total transaction of $3,673,765.90. Following the transaction, the insider owned 34,215 shares of the company’s stock, valued at $4,708,668.30. This represents a 43.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.82% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Weiss Ratings upgraded shares of CDW from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 25th. Barclays dropped their price objective on CDW from $150.00 to $148.00 and set an “equal weight” rating on the stock in a research note on Monday, September 21st. Citigroup raised their price objective on shares of CDW from $123.00 to $145.00 and gave the stock a “neutral” rating in a report on Monday, July 13th. Finally, Morgan Stanley boosted their price objective on shares of CDW from $170.00 to $171.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $150.12.

CDW Company Profile

CDW Corporation (NASDAQ: CDW) is a provider of technology products and services for business, government, education and healthcare organizations. The company helps customers plan, procure, implement and manage information technology solutions from leading hardware, software and cloud vendors.

Its offerings include computers, servers, networking equipment, data-storage systems, cybersecurity products, collaboration tools, software licensing and cloud solutions. CDW also provides professional and managed services, including technology consulting, infrastructure deployment, cloud management, security support and lifecycle services.

Founded in 1984 as Computer Discount Warehouse, CDW serves customers primarily in the United States, Canada and the United Kingdom through sales teams, digital channels and technology partnerships.