Trade Report: Today, CDW Corp. (CDW) Position Decreased by Quantbot Technologies LP

Today, CDW Corp. (CDW) Position Decreased by Quantbot Technologies LP

Quantbot Technologies LP decreased its stake in shares of CDW Corp. (NASDAQ:CDW) by 86.8% during the third quarter, Holdings Channel reports. The fund owned 3,056 shares of the company’s stock after selling 20,127 shares during the period. Quantbot Technologies LP’s holdings in CDW Corp. were worth $139,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in CDW. JPMorgan Chase & Co. increased its stake in shares of CDW Corp. by 745.4% in the second quarter. JPMorgan Chase & Co. now owns 1,851,329 shares of the company’s stock worth $74,202,000 after buying an additional 1,632,343 shares in the last quarter. American Century Companies Inc. increased its stake in shares of CDW Corp. by 148.2% in the second quarter. American Century Companies Inc. now owns 2,347,204 shares of the company’s stock worth $94,076,000 after buying an additional 1,401,484 shares in the last quarter. Jennison Associates LLC increased its stake in shares of CDW Corp. by 122.8% in the second quarter. Jennison Associates LLC now owns 2,260,334 shares of the company’s stock worth $90,594,000 after buying an additional 1,245,656 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of CDW Corp. by 6.3% in the second quarter. Vanguard Group Inc. now owns 13,243,713 shares of the company’s stock worth $530,808,000 after buying an additional 783,804 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake in shares of CDW Corp. by 41.1% in the second quarter. Bessemer Group Inc. now owns 2,288,301 shares of the company’s stock worth $91,714,000 after buying an additional 666,259 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

CDW Corp. (NASDAQ:CDW) traded up 0.93% during trading on Friday, hitting $51.84. 306,703 shares of the company were exchanged. The stock’s 50-day moving average is $46.24 and its 200-day moving average is $43.94. CDW Corp. has a 12 month low of $30.40 and a 12 month high of $52.30. The company has a market capitalization of $8.32 billion, a price-to-earnings ratio of 21.09 and a beta of 0.96.

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

The company also recently declared 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. The ex-dividend date is Tuesday, November 22nd. This is an increase from CDW Corp.’s previous quarterly dividend of $0.11. This represents a $0.64 dividend on an annualized basis and a yield of 1.23%. CDW Corp.’s dividend payout ratio is 26.23%.

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

In other CDW Corp. news, insider Douglas E. Eckrote sold 80,000 shares of the company’s stock in a transaction on 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 transaction, the insider now directly owns 179,089 shares in the company, valued at $7,887,079.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

CDW Corp. Company Profile

CDW Corporation (CDW) provides integrated information technology (IT) solutions. The Company’s segments include Corporate, Public and Other. The Corporate segment consists of private sector business customers. The Corporate segment is divided into a medium/large business customer channel, serving customers with approximately 100 employees and a small business customer channel, serving customers with over 100 employees.

Related posts

Leave a Comment