Chartwell Investment Partners LLC Acquires 2,177 Shares of CDW (NASDAQ:CDW)

Chartwell Investment Partners LLC raised its holdings in CDW (NASDAQ:CDW) by 5.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,913 shares of the information technology services provider’s stock after purchasing an additional 2,177 shares during the quarter. Chartwell Investment Partners LLC’s holdings in CDW were worth $4,869,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of CDW. Wellington Management Group LLP grew its stake in shares of CDW by 0.7% during the first quarter. Wellington Management Group LLP now owns 5,946,910 shares of the information technology services provider’s stock valued at $554,667,000 after purchasing an additional 38,944 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of CDW by 144.0% in the 1st quarter. Alliancebernstein L.P. now owns 3,464,259 shares of the information technology services provider’s stock valued at $323,111,000 after buying an additional 2,044,429 shares during the period. JPMorgan Chase & Co. raised its position in shares of CDW by 1.8% during the first quarter. JPMorgan Chase & Co. now owns 1,850,040 shares of the information technology services provider’s stock worth $172,554,000 after acquiring an additional 32,356 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of CDW by 42.4% during the first quarter. Janus Henderson Group PLC now owns 1,195,285 shares of the information technology services provider’s stock valued at $111,512,000 after acquiring an additional 356,086 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in CDW by 1.3% in the first quarter. AQR Capital Management LLC now owns 1,185,717 shares of the information technology services provider’s stock valued at $110,592,000 after acquiring an additional 15,272 shares during the last quarter. 90.22% of the stock is currently owned by institutional investors.

Shares of NASDAQ CDW opened at $116.25 on Friday. CDW has a twelve month low of $73.39 and a twelve month high of $146.09. The stock has a market cap of $16.54 billion, a price-to-earnings ratio of 22.66, a P/E/G ratio of 1.70 and a beta of 1.19. The company has a quick ratio of 1.10, a current ratio of 1.28 and a debt-to-equity ratio of 4.01. The company’s fifty day moving average is $115.38 and its 200-day moving average is $114.48.

CDW (NASDAQ:CDW) last issued its quarterly earnings data on Wednesday, May 6th. The information technology services provider reported $1.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.04. CDW had a return on equity of 97.93% and a net margin of 4.07%. The business had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.38 billion. During the same quarter last year, the business posted $1.24 EPS. The firm’s revenue was up 10.9% compared to the same quarter last year. On average, research analysts anticipate that CDW will post 5.21 EPS for the current fiscal year.

A number of research firms have issued reports on CDW. Cfra cut their target price on shares of CDW from $139.00 to $120.00 and set a “hold” rating on the stock in a research report on Thursday, May 7th. Credit Suisse Group cut their price objective on shares of CDW from $155.00 to $127.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. Raymond James raised shares of CDW from a “market perform” rating to an “outperform” rating and set a $140.00 target price for the company in a report on Monday, June 29th. Zacks Investment Research downgraded CDW from a “hold” rating to a “sell” rating and set a $110.00 price target on the stock. in a research note on Tuesday, May 12th. Finally, JPMorgan Chase & Co. cut CDW from a “neutral” rating to an “underweight” rating and set a $115.00 price objective for the company. in a research note on Tuesday, June 9th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. CDW has a consensus rating of “Hold” and a consensus target price of $125.88.

In related news, insider Douglas E. Eckrote sold 5,000 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $106.97, for a total value of $534,850.00. Following the completion of the transaction, the insider now directly owns 141,533 shares of the company’s stock, valued at approximately $15,139,785.01. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Matthew A. Troka sold 7,001 shares of the stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $100.99, for a total value of $707,030.99. Following the transaction, the insider now owns 67,492 shares of the company’s stock, valued at approximately $6,816,017.08. The disclosure for this sale can be found here. Company insiders own 1.33% of the company’s stock.

CDW Profile

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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