WMS Partners LLC Acquires New Position in CDW (CDW)

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.

CDW (NASDAQ:CDW) last issued its quarterly earnings data on Thursday, February 7th. The information technology services provider reported $1.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.11. The company had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.04 billion. CDW had a return on equity of 74.63% and a net margin of 3.96%. CDW’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.99 earnings per share. On average, analysts predict that CDW will post 5.43 earnings per share for the current year.

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.

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About CDW

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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Institutional Ownership by Quarter for CDW (NASDAQ:CDW)

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