Harel Insurance Investments & Financial Services Ltd. has reduced its value in CDW Co.NASDAQ: CDW – Get Votesand 48.8% in the first quarter, HoldingsChannel reports. The firm owned 787 shares of the Information Technology Services stock after selling 751 shares during the period. Harel Insurance Investments & Financial Services Ltd. in CDW was worth $141,000 as of its most recent filing with the Securities and Exchange Commission.
Several other investors have also added to or reduced their stakes in CDW. Russell Investments Group Ltd. grew its position in shares of CDW by 1.9% in the 4th quarter. Russell Investments Group Ltd. now owns 52,699 shares of the technology services provider’s stock valued at $10,788,000 after acquiring an additional 1,001 shares during the period. Strs Ohio grew its position in shares of CDW by 0.7% during the 4th quarter. Strs Ohio now owns 13,677 shares of the technology company’s stock valued at $2,800,000 after acquiring an additional 94 shares during the period. Signaturefd LLC grew its position in shares of CDW by 10.3% in the 4th quarter. Signaturefd LLC now owns 1,723 shares of the information provider’s stock valued at $353,000 after acquiring an additional 161 shares during the period. Blue Bell Private Wealth Management LLC bought a new stake in shares of CDW in the 4th quarter valued at $38,000. Finally, Van ECK Associates Corp grew its position in shares of CDW by 9.4% in the fourth quarter. Van ECK Associates Corp now owns 13,700 shares of the technology company’s stock valued at $2,805,000 after acquiring an additional 1,179 shares during the period. Institutional investors own 92.46% of the company’s stock.
CDW down 0.7%
Sections a CDW price opened at $170.10 on Monday. The stock has a market cap of $22.98 billion, a P/E ratio of 23.49, a PEG ratio of 1.41 and a beta of 1.10. CDW Co. it has a 52-week low of $152.15 and a 52-week high of $208.71. The company has a quick ratio of 1.06, a current ratio of 1.26 and a debt ratio of 7.29. The company’s fifty day moving average is $164.05 and its two hundred day moving average is $173.11.
CDW (NASDAQ: CDW – Get Votes) last announced its quarterly earnings results on Wednesday, May 4. The information technology services provider reported $2.12 EPS for the quarter, topping the consensus estimate of $1.92 by $0.20. The business had revenue of $5.95 billion for the quarter, compared to analysts’ expectations of $5.67 billion. CDW had a margin of 4.59% and a return of 129.10%. Business revenue for the quarter was up 23.0% compared to the same quarter last year. During the same period last year, the company earned $1.77 EPS. Experts predict that CDW Co. will post 9.18 EPS for the current fiscal year.
CDW Announces Dividends
The company also announced a third quarterly dividend, which was issued on Friday, June 10th. Stockholders of record on Wednesday, May 25th were given a dividend of $0.50 per share. The company paid $2.00 € per share during the closing period and the annual yield was 1.18 %. The stock’s last trading day was Tuesday, May 24. The company’s CDW yielded 27.62%.
In other CDW news, internals Albert Joseph Miralles, Jr. bought 1,475 shares of the company’s stock in a transaction dated Friday, May 6. The shares were bought at an average price of $169.90 per share, for a total sale of $250,602.50. Following the sale, the shareholder now owns 16,313 shares of the company’s stock, valued at $2,771,578.70. The transaction was disclosed in a regulatory filing with the SEC, which is available via this link. Company insiders own 0.67% of the company’s stock.
Wall Street Analyst Weight In
A number of brokerages recently weighed in on CDW. StockNews.com began coverage on shares of CDW in a report on Thursday, March 31st. He gave the company a “hold” rating. JPMorgan Chase & Co. raised shares of CDW from a “neutral” rating to an “overweight” rating and set a $200.00 target price for the company in a report on Thursday, July 14th. Evercore ISI lowered their target price on shares of CDW from $250.00 to $210.00 and set an “outperform” rating for the company in a report on Tuesday, June 28th. Stifel Nicolaus upgraded shares of CDW from a “hold” rating to a “buy” rating and upped their target price for the stock from $200.00 to $210.00 in a report on Thursday, April 14th. Finally, Morgan Stanley raised shares of CDW from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $201.00 to $214.00 in a report on Thursday, March 31st. One investment analyst has rated the stock with a hold rating and seven have assigned a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a target price of $214.14.
Company Profile of CDW
CDW Corporation provides information technology (IT) solutions in the United States, United Kingdom, and Canada. It operates in three sectors: Corporate, Small Business, and Public. The company provides hardware and software solutions and services, as well as integrated IT solutions, including on-premise, hybrid, and cloud capabilities in the area of data and networks, digital workplaces, and security.
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