Amica Mutual Insurance Co. held its position in shares of CDW Corp. (NASDAQ:CDW) during the third quarter, Holdings Channel reports. The institutional investor owned 51,409 shares of the company’s stock at the end of the third quarter. Amica Mutual Insurance Co.’s holdings in CDW Corp. were worth $2,351,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Highland Capital Management LLC raised its position in shares of CDW Corp. by 0.9% in the third quarter. Highland Capital Management LLC now owns 22,912 shares of the company’s stock worth $1,048,000 after buying an additional 208 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its position in shares of CDW Corp. by 6.8% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 3,814 shares of the company’s stock worth $138,000 after buying an additional 242 shares in the last quarter. Capital One National Association raised its position in shares of CDW Corp. by 0.7% in the third quarter. Capital One National Association now owns 36,985 shares of the company’s stock worth $1,691,000 after buying an additional 243 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of CDW Corp. by 1.5% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 21,553 shares of the company’s stock valued at $986,000 after buying an additional 322 shares during the last quarter. Finally, American International Group Inc. increased its stake in shares of CDW Corp. by 10.6% in the second quarter. American International Group Inc. now owns 4,011 shares of the company’s stock valued at $161,000 after buying an additional 383 shares during the last quarter. 92.14% of the stock is currently owned by institutional investors.
Shares of CDW Corp. (NASDAQ:CDW) traded down 0.42% on Monday, hitting $51.62. 61,784 shares of the stock traded hands. The stock has a 50-day moving average price of $46.24 and a 200 day moving average price of $43.94. The firm has a market cap of $8.29 billion, a P/E ratio of 21.00 and a beta of 0.96. CDW Corp. has a 52 week low of $30.40 and a 52 week high of $52.30.
CDW Corp. (NASDAQ:CDW) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.07. The firm had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.50 billion. CDW Corp. had a net margin of 2.95% and a return on equity of 50.73%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.84 earnings per share. Equities research analysts predict that CDW Corp. will post $3.38 EPS 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 paid a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, November 22nd. This is a boost 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 (DPR) is 26.23%.
Several research analysts have recently issued reports on CDW shares. Deutsche Bank AG raised their price target on CDW Corp. from $43.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, August 4th. RBC Capital Markets reiterated a “buy” rating and set a $48.00 target price on shares of CDW Corp. in a report on Friday, September 16th. Zacks Investment Research upgraded CDW Corp. from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a report on Thursday, November 3rd. JPMorgan Chase & Co. restated a “buy” rating and issued a $50.00 price target on shares of CDW Corp. in a report on Thursday, November 3rd. Finally, Robert W. Baird restated a “hold” rating on shares of CDW Corp. in a report on Wednesday, November 2nd. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has a consensus 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 that occurred on Friday, November 4th. The shares were sold at an average price of $44.04, for a total value of $3,523,200.00. Following the completion of the sale, the insider now directly owns 179,089 shares in the company, valued at approximately $7,887,079.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.20% of the stock is currently owned by corporate insiders.
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.