Trading Report: Today, CDW Corp. (CDW) Position Boosted by Victory Capital Management Inc.

Today, CDW Corp. (CDW) Position Boosted by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its position in shares of CDW Corp. (NASDAQ:CDW) by 1,239.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,535,970 shares of the company’s stock after buying an additional 1,421,317 shares during the period. Victory Capital Management Inc. owned approximately 0.94% of CDW Corp. worth $70,240,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its stake in CDW Corp. by 500.9% in the second quarter. Pacer Advisors Inc. now owns 2,800 shares of the company’s stock valued at $112,000 after buying an additional 2,334 shares during the last quarter. Ropes Wealth Advisors LLC boosted its stake in CDW Corp. by 632.0% in the second quarter. Ropes Wealth Advisors LLC now owns 3,111 shares of the company’s stock valued at $125,000 after buying an additional 2,686 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in CDW Corp. by 6.8% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 3,814 shares of the company’s stock valued at $138,000 after buying an additional 242 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in CDW Corp. by 14.5% in the second quarter. Daiwa Securities Group Inc. now owns 3,550 shares of the company’s stock valued at $142,000 after buying an additional 450 shares during the last quarter. Finally, Creative Planning boosted its stake in CDW Corp. by 160.9% in the third quarter. Creative Planning now owns 3,178 shares of the company’s stock valued at $145,000 after buying an additional 1,960 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

CDW Corp. (NASDAQ:CDW) traded up 0.93% during mid-day trading on Friday, hitting $51.84. 306,703 shares of the stock traded hands. The stock has a market capitalization of $8.32 billion, a PE ratio of 21.09 and a beta of 0.96. The company has a 50 day moving average price of $46.06 and a 200-day moving average price of $43.86. CDW Corp. has a one year low of $30.40 and a one year high of $52.30.

CDW Corp. (NASDAQ:CDW) last announced its earnings results on Wednesday, November 2nd. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.90 by $0.07. The business earned $3.71 billion during the quarter, compared to the consensus estimate of $3.50 billion. CDW Corp. had a net margin of 2.95% and a return on equity of 50.73%. CDW Corp.’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.84 EPS. Equities analysts anticipate that CDW Corp. will post $3.38 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Friday, November 25th will be issued a dividend of $0.16 per share. This is an increase from CDW Corp.’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Tuesday, November 22nd. This represents a $0.64 annualized dividend and a dividend yield of 1.23%. CDW Corp.’s payout ratio is presently 26.23%.

Several research firms recently issued reports on CDW. RBC Capital Markets increased their price target on shares of CDW Corp. from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 16th. Royal Bank Of Canada increased their price target on shares of CDW Corp. from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 16th. Zacks Investment Research lowered shares of CDW Corp. from a “buy” rating to a “hold” rating in a research report on Friday, November 4th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $50.00 price target on shares of CDW Corp. in a research report on Thursday, November 3rd. Finally, Robert W. Baird reissued a “hold” rating on shares of CDW Corp. in a research report on Wednesday, November 2nd. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $48.88.

In related news, insider Douglas E. Eckrote sold 80,000 shares of CDW Corp. stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $44.04, for a total transaction of $3,523,200.00. Following the completion of the sale, the insider now owns 179,089 shares of the company’s stock, valued at approximately $7,887,079.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.20% of the company’s stock.

About CDW Corp.

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