8,178 Shares in CDW Co. (NASDAQ:CDW) Purchased by Valley National Advisers Inc.

Valley National Advisers Inc. bought a new position in shares of CDW Co. (NASDAQ:CDW) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 8,178 shares of the information technology services provider’s stock, valued at approximately $1,849,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of CDW by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 16,407,542 shares of the information technology services provider’s stock worth $4,196,721,000 after purchasing an additional 714,393 shares in the last quarter. Mawer Investment Management Ltd. grew its holdings in CDW by 0.9% in the 1st quarter. Mawer Investment Management Ltd. now owns 3,101,924 shares of the information technology services provider’s stock valued at $793,410,000 after buying an additional 27,753 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in CDW by 3.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,431,573 shares of the information technology services provider’s stock valued at $366,168,000 after buying an additional 51,450 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of CDW by 11.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,292,674 shares of the information technology services provider’s stock worth $289,357,000 after purchasing an additional 128,263 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its position in shares of CDW by 225.9% during the 1st quarter. Lazard Asset Management LLC now owns 881,586 shares of the information technology services provider’s stock worth $225,491,000 after buying an additional 611,054 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

CDW Trading Down 1.0 %

CDW opened at $217.01 on Friday. The business has a 50 day simple moving average of $221.50 and a two-hundred day simple moving average of $224.70. The firm has a market capitalization of $29.17 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 3.42 and a beta of 1.03. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.13 and a quick ratio of 1.02. CDW Co. has a one year low of $185.04 and a one year high of $263.37.

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

CDW Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.14%. CDW’s payout ratio is 30.96%.

Analyst Upgrades and Downgrades

CDW has been the subject of several recent research reports. Citigroup cut CDW from a “buy” rating to a “neutral” rating and decreased their price target for the company from $250.00 to $245.00 in a research note on Tuesday, October 1st. Stifel Nicolaus lifted their price target on CDW from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Finally, Barclays dropped their price target on CDW from $232.00 to $229.00 and set an “equal weight” rating on the stock in a report on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, CDW has an average rating of “Moderate Buy” and a consensus price target of $255.00.

Insider Buying and Selling

In other CDW news, insider Christine A. Leahy bought 1,200 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was acquired at an average price of $216.15 per share, for a total transaction of $259,380.00. Following the completion of the transaction, the insider now directly owns 102,200 shares of the company’s stock, valued at approximately $22,090,530. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is currently owned by company insiders.

About CDW

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.