Ballentine Partners LLC Has $1.25 Million Stock Position in CDW Co. (NASDAQ:CDW)

Ballentine Partners LLC cut its stake in shares of CDW Co. (NASDAQ:CDW) by 1.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,541 shares of the information technology services provider’s stock after selling 96 shares during the period. Ballentine Partners LLC’s holdings in CDW were worth $1,254,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. RDA Financial Network increased its position in CDW by 3.0% during the second quarter. RDA Financial Network now owns 1,587 shares of the information technology services provider’s stock worth $355,000 after buying an additional 46 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in CDW by 1.4% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,446 shares of the information technology services provider’s stock valued at $881,000 after acquiring an additional 47 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in CDW by 0.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 11,541 shares of the information technology services provider’s stock valued at $2,583,000 after purchasing an additional 54 shares during the last quarter. Smithfield Trust Co lifted its holdings in CDW by 4.1% during the 1st quarter. Smithfield Trust Co now owns 1,434 shares of the information technology services provider’s stock valued at $367,000 after purchasing an additional 57 shares during the last quarter. Finally, Profund Advisors LLC boosted its position in CDW by 0.5% during the second quarter. Profund Advisors LLC now owns 12,469 shares of the information technology services provider’s stock worth $2,791,000 after purchasing an additional 58 shares during the period. 93.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on CDW. Barclays dropped their price objective on shares of CDW from $232.00 to $229.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 1st. Stifel Nicolaus raised their price objective 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. Finally, Citigroup downgraded 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. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $255.00.

CDW Stock Down 1.0 %

Shares of CDW opened at $217.01 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.02 and a debt-to-equity ratio of 2.03. The stock has a market capitalization of $29.17 billion, a PE ratio of 27.09, a P/E/G ratio of 3.42 and a beta of 1.03. The firm’s 50 day moving average is $221.50 and its 200-day moving average is $224.90. CDW Co. has a 12 month low of $185.04 and a 12 month high of $263.37.

CDW (NASDAQ:CDW) last announced its quarterly earnings data on Wednesday, July 31st. The information technology services provider reported $2.34 earnings per share for the quarter, missing the consensus estimate of $2.39 by ($0.05). The company had revenue of $5.42 billion during 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%. CDW’s revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.43 earnings per share. Equities research analysts forecast that CDW Co. will post 9.4 EPS for the current year.

CDW Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were paid a $0.62 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $2.48 dividend on an annualized basis and a yield of 1.14%. CDW’s dividend payout ratio (DPR) is 30.96%.

Insider Activity

In related news, insider Christine A. Leahy bought 1,200 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was purchased at an average price of $216.15 per share, with a total value of $259,380.00. Following the completion of the acquisition, the insider now owns 102,200 shares of the company’s stock, valued at $22,090,530. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.90% of the company’s stock.

CDW Company 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.