Pictet Asset Management Ltd. lifted its position in CDW (NASDAQ:CDW) by 33.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,290 shares of the information technology services provider’s stock after acquiring an additional 16,800 shares during the period. Pictet Asset Management Ltd.’s holdings in CDW were worth $8,293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wetherby Asset Management Inc. increased its position in shares of CDW by 5.7% in the 3rd quarter. Wetherby Asset Management Inc. now owns 4,896 shares of the information technology services provider’s stock valued at $603,000 after acquiring an additional 266 shares during the period. Daiwa Securities Group Inc. increased its position in shares of CDW by 22.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 6,560 shares of the information technology services provider’s stock valued at $808,000 after acquiring an additional 1,210 shares during the period. Johnson Financial Group Inc. acquired a new position in shares of CDW in the 2nd quarter valued at $28,000. Vestmark Advisory Solutions Inc. increased its position in shares of CDW by 0.5% in the 3rd quarter. Vestmark Advisory Solutions Inc. now owns 18,139 shares of the information technology services provider’s stock valued at $2,235,000 after acquiring an additional 94 shares during the period. Finally, BBVA USA Bancshares Inc. increased its position in shares of CDW by 40.6% in the 3rd quarter. BBVA USA Bancshares Inc. now owns 8,879 shares of the information technology services provider’s stock valued at $1,095,000 after acquiring an additional 2,562 shares during the period. 93.76% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:CDW opened at $134.08 on Tuesday. CDW has a one year low of $74.32 and a one year high of $138.88. The company has a debt-to-equity ratio of 3.57, a quick ratio of 1.14 and a current ratio of 1.33. The firm has a market cap of $19.40 billion, a price-to-earnings ratio of 23.49, a PEG ratio of 1.80 and a beta of 1.07. The firm’s fifty day moving average is $131.07 and its two-hundred day moving average is $117.04.

CDW (NASDAQ:CDW) last posted its quarterly earnings results on Thursday, October 31st. The information technology services provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.58 by $0.12. CDW had a net margin of 4.04% and a return on equity of 91.07%. The company had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.66 billion. During the same period in the prior year, the company earned $1.42 earnings per share. The firm’s revenue was up 12.2% on a year-over-year basis. As a group, equities research analysts predict that CDW will post 5.73 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Friday, November 22nd. CDW’s payout ratio is 29.80%.

In other news, insider Robert F. Kirby sold 1,300 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $111.60, for a total transaction of $145,080.00. Following the sale, the insider now directly owns 32,470 shares of the company’s stock, valued at approximately $3,623,652. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Thomas E. Richards sold 58,333 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $112.17, for a total transaction of $6,543,212.61. Following the sale, the insider now directly owns 636,109 shares in the company, valued at $71,352,346.53. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 177,385 shares of company stock worth $21,846,450. 2.25% of the stock is owned by corporate insiders.

Several equities analysts recently issued reports on CDW shares. Morgan Stanley set a $126.00 target price on CDW and gave the company a “hold” rating in a research report on Friday, November 1st. ValuEngine lowered shares of CDW from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. lowered shares of CDW from a “neutral” rating to an “underweight” rating and set a $116.00 price target on the stock. in a report on Monday, August 5th. They noted that the move was a valuation call. Zacks Investment Research raised shares of CDW from a “hold” rating to a “strong-buy” rating and set a $113.00 price target on the stock in a report on Tuesday, August 6th. Finally, BidaskClub raised shares of CDW from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $120.63.

CDW Company 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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