Crossmark Global Holdings Inc. Cuts Stake in CDW Corp (CDW)

Crossmark Global Holdings Inc. lowered its holdings in CDW Corp (NASDAQ:CDW) by 28.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,398 shares of the information technology services provider’s stock after selling 23,043 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in CDW were worth $4,128,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. USS Investment Management Ltd grew its position in CDW by 60.1% during the fourth quarter. USS Investment Management Ltd now owns 2,476,491 shares of the information technology services provider’s stock valued at $172,153,000 after buying an additional 929,488 shares during the period. American Century Companies Inc. grew its position in CDW by 35.6% during the fourth quarter. American Century Companies Inc. now owns 1,647,091 shares of the information technology services provider’s stock valued at $114,456,000 after buying an additional 432,525 shares during the period. PGGM Investments acquired a new stake in CDW during the fourth quarter valued at $15,309,000. Jennison Associates LLC grew its position in CDW by 5.0% during the fourth quarter. Jennison Associates LLC now owns 1,948,499 shares of the information technology services provider’s stock valued at $135,401,000 after buying an additional 92,103 shares during the period. Finally, First Quadrant L P CA grew its position in CDW by 30.2% during the third quarter. First Quadrant L P CA now owns 285,710 shares of the information technology services provider’s stock valued at $18,857,000 after buying an additional 66,194 shares during the period. Hedge funds and other institutional investors own 90.77% of the company’s stock.

CDW Corp (NASDAQ CDW) opened at $69.05 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.15 and a debt-to-equity ratio of 4.20. The stock has a market cap of $10,469.50, a price-to-earnings ratio of 18.44 and a beta of 1.06. CDW Corp has a twelve month low of $55.80 and a twelve month high of $76.73.

CDW (NASDAQ:CDW) last posted its quarterly earnings data on Wednesday, February 7th. The information technology services provider reported $0.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.05. The business had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.85 billion. CDW had a net margin of 3.44% and a return on equity of 68.41%. The company’s revenue was up 9.9% compared to the same quarter last year. During the same period last year, the firm posted $0.86 earnings per share. equities research analysts predict that CDW Corp will post 4.23 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Monday, February 26th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Friday, February 23rd. CDW’s payout ratio is 25.23%.

Several research firms recently commented on CDW. Zacks Investment Research upgraded shares of CDW from a “sell” rating to a “hold” rating in a research report on Thursday. Morgan Stanley dropped their price target on shares of CDW from $72.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Thursday. Robert W. Baird restated a “buy” rating and set a $80.00 price target on shares of CDW in a research report on Wednesday. BidaskClub upgraded shares of CDW from a “hold” rating to a “buy” rating in a research report on Monday. Finally, ValuEngine upgraded shares of CDW from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $72.00.

In other news, insider Thomas E. Richards sold 15,207 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $66.25, for a total value of $1,007,463.75. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jonathan J. Stevens sold 6,700 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $69.30, for a total transaction of $464,310.00. Following the completion of the transaction, the insider now directly owns 74,366 shares in the company, valued at $5,153,563.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 64,396 shares of company stock worth $4,477,782. Insiders own 2.60% of the company’s stock.

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CDW Profile

CDW Corporation (CDW) is a provider of integrated information technology (IT) solutions in the United States, Canada and the United Kingdom. The Company’s segments include Corporate, Public and Other. The Corporate segment consists of private sector business customers in the United States based on employee size between Medium/Large customers, which primarily includes organizations with more than 100 employees, and Small Business customers, which primarily includes organizations with up to 100 employees.

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Institutional Ownership by Quarter for CDW (NASDAQ:CDW)

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