Swiss National Bank reduced its holdings in CDW Corp (NASDAQ:CDW) by 1.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 572,700 shares of the information technology services provider’s stock after selling 9,000 shares during the quarter. Swiss National Bank’s holdings in CDW were worth $39,797,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in CDW. Toronto Dominion Bank boosted its stake in shares of CDW by 24.8% in the 2nd quarter. Toronto Dominion Bank now owns 1,973 shares of the information technology services provider’s stock valued at $123,000 after purchasing an additional 392 shares during the last quarter. ETRADE Capital Management LLC boosted its stake in shares of CDW by 5.5% in the 3rd quarter. ETRADE Capital Management LLC now owns 14,291 shares of the information technology services provider’s stock valued at $943,000 after purchasing an additional 748 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its stake in shares of CDW by 2.7% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 30,998 shares of the information technology services provider’s stock valued at $2,154,000 after purchasing an additional 828 shares during the last quarter. BKD Wealth Advisors LLC boosted its stake in shares of CDW by 15.8% in the 4th quarter. BKD Wealth Advisors LLC now owns 6,460 shares of the information technology services provider’s stock valued at $449,000 after purchasing an additional 880 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC boosted its stake in shares of CDW by 7.9% in the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 12,538 shares of the information technology services provider’s stock valued at $828,000 after purchasing an additional 921 shares during the last quarter. Hedge funds and other institutional investors own 90.62% of the company’s stock.
In related news, insider Christina M. Corley sold 4,000 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $67.81, for a total transaction of $271,240.00. Following the transaction, the insider now directly owns 35,843 shares of the company’s stock, valued at $2,430,513.83. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jonathan J. Stevens sold 6,700 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $69.30, for a total transaction of $464,310.00. Following 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 three months, insiders have sold 64,891 shares of company stock worth $4,551,282. 2.60% of the stock is owned by insiders.
CDW Corp (CDW) opened at $71.46 on Friday. The stock has a market cap of $10,937.88, a price-to-earnings ratio of 21.46 and a beta of 1.07. CDW Corp has a 12 month low of $55.80 and a 12 month high of $76.73. The company has a debt-to-equity ratio of 4.20, a quick ratio of 1.15 and a current ratio of 1.37.
CDW (NASDAQ:CDW) last issued its earnings results on Wednesday, February 7th. The information technology services provider reported $0.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.05. The business had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.85 billion. CDW had a net margin of 3.44% and a return on equity of 68.41%. CDW’s revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.86 earnings per share. analysts predict that CDW Corp will post 4.56 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Monday, February 26th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Friday, February 23rd. CDW’s dividend payout ratio is presently 25.23%.
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CDW Company 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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