Kendall Capital Management bought a new position in CDW Corp (NASDAQ:CDW) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 10,360 shares of the information technology services provider’s stock, valued at approximately $720,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in CDW. Nationwide Fund Advisors increased its stake in CDW by 2.1% in the 3rd quarter. Nationwide Fund Advisors now owns 270,818 shares of the information technology services provider’s stock worth $17,874,000 after acquiring an additional 5,478 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in CDW by 89.6% in the 3rd quarter. Canada Pension Plan Investment Board now owns 116,800 shares of the information technology services provider’s stock worth $7,709,000 after acquiring an additional 55,200 shares during the last quarter. Oregon Public Employees Retirement Fund bought a new position in CDW in the 3rd quarter worth about $2,144,000. Lingohr & Partner Asset Management GmbH bought a new position in CDW in the 3rd quarter worth about $683,000. Finally, Toronto Dominion Bank increased its stake in CDW by 236.2% in the 3rd quarter. Toronto Dominion Bank now owns 6,634 shares of the information technology services provider’s stock worth $438,000 after acquiring an additional 4,661 shares during the last quarter. Institutional investors and hedge funds own 90.22% of the company’s stock.
CDW has been the topic of a number of research analyst reports. Robert W. Baird restated a “buy” rating and issued a $80.00 target price on shares of CDW in a research note on Wednesday, February 7th. BidaskClub upgraded CDW from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. ValuEngine upgraded CDW from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Royal Bank of Canada reiterated a “buy” rating and set a $80.00 price objective on shares of CDW in a research report on Monday, January 15th. Finally, Morgan Stanley reduced their price objective on CDW from $72.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $74.56.
CDW Corp (NASDAQ CDW) opened at $74.38 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.15 and a debt-to-equity ratio of 3.27. The company has a market capitalization of $11,337.22, a PE ratio of 20.05 and a beta of 1.06. CDW Corp has a 1 year low of $55.80 and a 1 year high of $76.73.
CDW (NASDAQ:CDW) last announced its quarterly earnings data on Wednesday, February 7th. The information technology services provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.93 by $0.05. The firm had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.85 billion. CDW had a return on equity of 65.93% and a net margin of 3.44%. The company’s revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.86 EPS. sell-side analysts anticipate that CDW Corp will post 4.56 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Monday, February 26th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $0.84 annualized dividend and a dividend yield of 1.13%. CDW’s dividend payout ratio (DPR) is presently 25.23%.
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CDW Corporation (CDW) is a provider of integrated information technology (IT) solutions in the United States, Canada and the United Kingdom. The Company’s segments include Corporate, Public and Other. The Corporate segment consists of private sector business customers in the United States based on employee size between Medium/Large customers, which primarily includes organizations with more than 100 employees, and Small Business customers, which primarily includes organizations with up to 100 employees.
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