CDW (CDW) Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its holdings in shares of CDW (NASDAQ:CDW) by 3.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 51,693 shares of the information technology services provider’s stock after selling 1,900 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in CDW were worth $4,597,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Prudential Financial Inc. grew its holdings in CDW by 99.3% during the 3rd quarter. Prudential Financial Inc. now owns 421,629 shares of the information technology services provider’s stock valued at $37,491,000 after buying an additional 210,100 shares in the last quarter. American Century Companies Inc. grew its holdings in CDW by 8.5% during the 3rd quarter. American Century Companies Inc. now owns 2,401,828 shares of the information technology services provider’s stock valued at $213,571,000 after buying an additional 187,467 shares in the last quarter. First Quadrant L P CA grew its holdings in CDW by 66.7% during the 2nd quarter. First Quadrant L P CA now owns 362,896 shares of the information technology services provider’s stock valued at $29,318,000 after buying an additional 145,267 shares in the last quarter. NN Investment Partners Holdings N.V. grew its holdings in CDW by 4,571.3% during the 3rd quarter. NN Investment Partners Holdings N.V. now owns 136,682 shares of the information technology services provider’s stock valued at $12,154,000 after buying an additional 133,756 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in CDW by 12.3% during the 3rd quarter. Janus Henderson Group PLC now owns 1,185,990 shares of the information technology services provider’s stock valued at $105,474,000 after buying an additional 130,139 shares in the last quarter. Hedge funds and other institutional investors own 89.88% of the company’s stock.

In other news, insider Thomas E. Richards sold 18,182 shares of the firm’s stock in a transaction that occurred on Thursday, October 11th. The stock was sold at an average price of $81.48, for a total value of $1,481,469.36. Following the completion of the sale, the insider now directly owns 51,077 shares of the company’s stock, valued at approximately $4,161,753.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christina M. Corley sold 14,900 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $88.39, for a total value of $1,317,011.00. Following the completion of the sale, the insider now directly owns 51,077 shares of the company’s stock, valued at $4,514,696.03. The disclosure for this sale can be found here. Insiders sold a total of 91,252 shares of company stock valued at $7,918,866 over the last ninety days. Corporate insiders own 2.60% of the company’s stock.

NASDAQ:CDW opened at $87.87 on Friday. The company has a market capitalization of $13.18 billion, a PE ratio of 18.34 and a beta of 1.02. CDW has a 1 year low of $65.98 and a 1 year high of $92.18. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.41 and a quick ratio of 1.24.

CDW (NASDAQ:CDW) last posted its quarterly earnings data on Wednesday, October 31st. The information technology services provider reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.08. The business had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.24 billion. CDW had a return on equity of 70.39% and a net margin of 4.24%. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period last year, the company earned $1.08 EPS. Research analysts expect that CDW will post 4.88 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Monday, November 26th will be paid a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 1.34%. This is a positive change from CDW’s previous quarterly dividend of $0.21. The ex-dividend date is Friday, November 23rd. CDW’s dividend payout ratio (DPR) is presently 21.65%.

Several research firms have weighed in on CDW. Needham & Company LLC raised their price target on CDW from $84.00 to $100.00 and gave the company a “buy” rating in a report on Friday, August 3rd. BidaskClub cut CDW from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. ValuEngine cut CDW from a “buy” rating to a “hold” rating in a report on Monday, October 8th. Morgan Stanley raised their price target on CDW from $78.00 to $89.00 and gave the company an “equal weight” rating in a report on Friday, August 3rd. Finally, Zacks Investment Research upgraded CDW from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a report on Tuesday, October 23rd. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $88.63.

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About CDW

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.

Further Reading: What is the balance sheet?

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Institutional Ownership by Quarter for CDW (NASDAQ:CDW)

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