CDW Co. (NASDAQ:CDW) Stock Holdings Decreased by Argent Capital Management LLC

Argent Capital Management LLC lessened its position in shares of CDW Co. (NASDAQ:CDW) by 91.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,019 shares of the information technology services provider’s stock after selling 371,063 shares during the period. Argent Capital Management LLC’s holdings in CDW were worth $7,472,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Sunbelt Securities Inc. lifted its holdings in shares of CDW by 46.2% in the 1st quarter. Sunbelt Securities Inc. now owns 1,458 shares of the information technology services provider’s stock worth $373,000 after purchasing an additional 461 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new position in shares of CDW during the first quarter worth about $1,403,000. Franklin Street Advisors Inc. NC acquired a new stake in shares of CDW in the 1st quarter worth about $200,000. Chesley Taft & Associates LLC lifted its position in CDW by 6.8% in the 1st quarter. Chesley Taft & Associates LLC now owns 4,952 shares of the information technology services provider’s stock valued at $1,267,000 after purchasing an additional 315 shares during the last quarter. Finally, Hengehold Capital Management LLC acquired a new position in CDW during the 1st quarter valued at about $205,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Insider Activity

In related news, insider Christine A. Leahy purchased 1,200 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were purchased at an average price of $216.15 per share, with a total value of $259,380.00. Following the purchase, the insider now owns 102,200 shares of the company’s stock, valued at $22,090,530. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 0.90% of the stock is currently owned by company insiders.

CDW Price Performance

CDW stock traded up $2.92 during midday trading on Thursday, hitting $220.57. The company’s stock had a trading volume of 130,182 shares, compared to its average volume of 811,942. CDW Co. has a 12 month low of $185.04 and a 12 month high of $263.37. The company has a quick ratio of 1.02, a current ratio of 1.13 and a debt-to-equity ratio of 2.03. The stock’s 50-day moving average price is $221.67 and its 200-day moving average price is $225.21. The company has a market capitalization of $29.64 billion, a PE ratio of 27.17, a price-to-earnings-growth ratio of 3.42 and a beta of 1.03.

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

CDW Announces Dividend

The business also recently announced 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. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend was Monday, August 26th. CDW’s dividend payout ratio (DPR) is presently 30.96%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CDW shares. Barclays decreased their price objective on CDW from $232.00 to $229.00 and set an “equal weight” rating for the company in a report on Thursday, August 1st. Citigroup lowered shares of CDW from a “buy” rating to a “neutral” rating and decreased their target price for the company from $250.00 to $245.00 in a research report on Tuesday, October 1st. Finally, Stifel Nicolaus boosted their price target on shares of CDW from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $255.00.

CDW Profile

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.