SRS Capital Advisors Inc. lessened its stake in shares of CDW Co. (NASDAQ:CDW – Get Rating) by 28.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,497 shares of the information technology services provider’s stock after selling 999 shares during the period. SRS Capital Advisors Inc.’s holdings in CDW were worth $446,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of CDW. Cambridge Investment Research Advisors Inc. grew its holdings in CDW by 9.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,513 shares of the information technology services provider’s stock valued at $1,165,000 after purchasing an additional 547 shares during the period. Acadian Asset Management LLC bought a new position in shares of CDW in the first quarter worth about $103,000. Panagora Asset Management Inc. boosted its stake in shares of CDW by 160.4% in the first quarter. Panagora Asset Management Inc. now owns 4,645 shares of the information technology services provider’s stock worth $831,000 after acquiring an additional 2,861 shares during the period. Yousif Capital Management LLC boosted its stake in shares of CDW by 0.3% in the first quarter. Yousif Capital Management LLC now owns 20,523 shares of the information technology services provider’s stock worth $3,671,000 after acquiring an additional 65 shares during the period. Finally, Blair William & Co. IL boosted its stake in shares of CDW by 1.5% in the first quarter. Blair William & Co. IL now owns 33,977 shares of the information technology services provider’s stock worth $6,078,000 after acquiring an additional 515 shares during the period. Institutional investors own 92.78% of the company’s stock.
CDW Trading Down 0.0 %
Shares of CDW stock opened at $178.15 on Friday. CDW Co. has a 1 year low of $147.91 and a 1 year high of $215.00. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.31 and a quick ratio of 1.15. The stock’s 50 day simple moving average is $172.85 and its two-hundred day simple moving average is $185.81. The company has a market cap of $24.01 billion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 1.49 and a beta of 1.10.
CDW Dividend Announcement
Insider Buying and Selling at CDW
In related news, insider Christine A. Leahy acquired 3,050 shares of the firm’s stock in a transaction on Thursday, May 4th. The shares were acquired at an average cost of $163.62 per share, for a total transaction of $499,041.00. Following the completion of the transaction, the insider now directly owns 68,622 shares in the company, valued at approximately $11,227,931.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.85% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on CDW. Bank of America dropped their price objective on CDW from $200.00 to $185.00 in a research note on Thursday, May 4th. StockNews.com began coverage on CDW in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Morgan Stanley dropped their price objective on CDW from $228.00 to $200.00 and set an “overweight” rating for the company in a research note on Wednesday, April 19th. Stifel Nicolaus decreased their target price on CDW from $215.00 to $205.00 and set a “buy” rating on the stock in a research report on Wednesday, April 19th. Finally, JPMorgan Chase & Co. decreased their target price on CDW from $225.00 to $205.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 19th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, CDW currently has an average rating of “Moderate Buy” and a consensus target price of $205.63.
CDW Profile
CDW Corp. engages in the provision of information technology solutions to small, medium, and large business, government, education, and healthcare customers. It operates through the following segments: Corporate, Small Business, Public, and Other. The Public segment includes government agencies and education and healthcare institutions.
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