WMS Partners LLC acquired a new stake in CDW (NASDAQ:CDW) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,807 shares of the information technology services provider’s stock, valued at approximately $309,000.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Ffcm LLC bought a new stake in shares of CDW during the 4th quarter worth $28,000. Bronfman E.L. Rothschild L.P. raised its stake in CDW by 218.2% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 350 shares of the information technology services provider’s stock valued at $28,000 after acquiring an additional 240 shares during the period. PRW Wealth Management LLC bought a new stake in CDW in the 4th quarter valued at about $30,000. Semmax Financial Advisors Inc. bought a new stake in CDW in the 4th quarter valued at about $34,000. Finally, Bremer Trust National Association bought a new stake in CDW in the 4th quarter valued at about $82,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.
Shares of NASDAQ CDW traded up $1.14 during midday trading on Monday, hitting $108.14. 940,588 shares of the company’s stock were exchanged, compared to its average volume of 848,315. CDW has a 12-month low of $69.05 and a 12-month high of $108.28. The company has a current ratio of 1.35, a quick ratio of 1.19 and a debt-to-equity ratio of 3.26. The firm has a market capitalization of $15.80 billion, a price-to-earnings ratio of 21.20 and a beta of 1.05.
In other CDW news, insider Thomas E. Richards sold 18,750 shares of the business’s stock in a transaction that occurred on Tuesday, January 15th. The stock was sold at an average price of $79.95, for a total value of $1,499,062.50. Following the completion of the sale, the insider now owns 596,525 shares in the company, valued at $47,692,173.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Douglas E. Eckrote sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $89.49, for a total value of $894,900.00. Following the completion of the sale, the insider now owns 152,765 shares of the company’s stock, valued at approximately $13,670,939.85. The disclosure for this sale can be found here. In the last ninety days, insiders sold 101,577 shares of company stock valued at $9,062,099. 2.60% of the stock is owned by insiders.
A number of equities research analysts recently issued reports on the company. BidaskClub cut CDW from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Zacks Investment Research cut CDW from a “buy” rating to a “hold” rating in a research note on Tuesday, January 1st. ValuEngine upgraded CDW from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. Finally, Credit Suisse Group assumed coverage on CDW in a research report on Thursday. They set an “outperform” rating and a $117.00 price target on the stock. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $97.17.
CDW Corporation provides integrated information technology (IT) solutions to business, government, education, and healthcare customers in the United States, Canada, and the United Kingdom. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products, as well as integrated IT solutions, including mobility, security, data center optimization, cloud computing, virtualization, and collaboration.
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