CDW common stock (CDW) Shares Sold by Three Peaks Capital Management LLC

Three Peaks Capital Management LLC decreased its position in CDW common stock (NASDAQ:CDW) by 12.2% in the first quarter, Holdings Channel reports. The fund owned 147,802 shares of the information technology services provider’s stock after selling 20,521 shares during the period. CDW common stock comprises approximately 1.8% of Three Peaks Capital Management LLC’s investment portfolio, making the stock its 11th biggest holding. Three Peaks Capital Management LLC’s holdings in CDW common stock were worth $10,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. raised its stake in shares of CDW common stock by 11.9% during the 1st quarter. BlackRock Inc. now owns 13,264,623 shares of the information technology services provider’s stock valued at $932,638,000 after buying an additional 1,411,886 shares during the last quarter. Neuberger Berman Group LLC raised its stake in shares of CDW common stock by 6.0% during the 1st quarter. Neuberger Berman Group LLC now owns 4,777,370 shares of the information technology services provider’s stock valued at $335,897,000 after buying an additional 271,866 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of CDW common stock by 3.2% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,201,118 shares of the information technology services provider’s stock valued at $295,381,000 after buying an additional 131,219 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its stake in shares of CDW common stock by 136.3% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 4,189,852 shares of the information technology services provider’s stock valued at $291,153,000 after buying an additional 2,416,975 shares during the last quarter. Finally, USS Investment Management Ltd raised its stake in shares of CDW common stock by 4.1% during the 1st quarter. USS Investment Management Ltd now owns 2,578,340 shares of the information technology services provider’s stock valued at $183,823,000 after buying an additional 101,849 shares during the last quarter. Institutional investors own 90.04% of the company’s stock.

NASDAQ:CDW opened at $85.05 on Thursday. CDW common stock has a 52 week low of $58.57 and a 52 week high of $85.17. The company has a debt-to-equity ratio of 3.22, a quick ratio of 1.16 and a current ratio of 1.35. The stock has a market cap of $12.78 billion, a PE ratio of 21.92 and a beta of 1.11.

CDW common stock (NASDAQ:CDW) last posted its earnings results on Wednesday, May 2nd. The information technology services provider reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.17. CDW common stock had a return on equity of 69.59% and a net margin of 3.83%. The firm had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.46 billion. During the same period last year, the firm earned $0.75 EPS. The company’s quarterly revenue was up 10.8% on a year-over-year basis. analysts expect that CDW common stock will post 4.68 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 11th. Stockholders of record on Friday, May 25th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Thursday, May 24th. CDW common stock’s dividend payout ratio (DPR) is presently 21.65%.

In other news, insider Neal J. Campbell sold 8,542 shares of the firm’s stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $78.37, for a total transaction of $669,436.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Thomas E. Richards sold 18,182 shares of the firm’s stock in a transaction dated Thursday, May 31st. The shares were sold at an average price of $80.58, for a total value of $1,465,105.56. The disclosure for this sale can be found here. Insiders have sold a total of 63,022 shares of company stock worth $4,868,837 over the last 90 days. Insiders own 2.60% of the company’s stock.

CDW has been the subject of a number of recent research reports. Zacks Investment Research upgraded CDW common stock from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research note on Tuesday, May 8th. Robert W. Baird reiterated a “buy” rating on shares of CDW common stock in a research note on Wednesday, May 2nd. BidaskClub lowered CDW common stock from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 30th. Needham & Company LLC lifted their price objective on CDW common stock from $78.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, March 22nd. Finally, Morgan Stanley reduced their price objective on CDW common stock from $72.00 to $70.00 and set an “equal weight” rating for the company in a research note on Thursday, February 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. CDW common stock currently has a consensus rating of “Buy” and a consensus target price of $78.50.

CDW common stock Profile

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.

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Institutional Ownership by Quarter for CDW common stock (NASDAQ:CDW)

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