3,055 Shares in CDW Co. (NASDAQ:CDW) Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of CDW Co. (NASDAQ:CDWGet Rating) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 3,055 shares of the information technology services provider’s stock, valued at approximately $481,000.

A number of other institutional investors have also added to or reduced their stakes in CDW. BlackRock Inc. grew its holdings in CDW by 16.2% during the 1st quarter. BlackRock Inc. now owns 11,059,776 shares of the information technology services provider’s stock valued at $1,978,483,000 after buying an additional 1,540,145 shares in the last quarter. Alyeska Investment Group L.P. purchased a new position in shares of CDW in the first quarter valued at $100,345,000. Aaron Wealth Advisors LLC grew its holdings in shares of CDW by 17,911.4% in the first quarter. Aaron Wealth Advisors LLC now owns 315,740 shares of the information technology services provider’s stock valued at $1,765,000 after purchasing an additional 313,987 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of CDW by 31.2% in the first quarter. Victory Capital Management Inc. now owns 1,295,408 shares of the information technology services provider’s stock valued at $215,903,000 after purchasing an additional 308,108 shares in the last quarter. Finally, Argent Capital Management LLC grew its holdings in shares of CDW by 845.4% in the second quarter. Argent Capital Management LLC now owns 303,557 shares of the information technology services provider’s stock valued at $47,828,000 after purchasing an additional 271,447 shares in the last quarter. 92.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CDW. StockNews.com began coverage on shares of CDW in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Raymond James cut their target price on shares of CDW from $220.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, November 3rd. Morgan Stanley raised their price target on CDW from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, November 3rd. Credit Suisse Group assumed coverage on CDW in a research report on Tuesday, August 16th. They issued an “outperform” rating and a $202.00 price target for the company. Finally, Citigroup lowered their price target on CDW from $220.00 to $210.00 and set a “buy” rating for the company in a research report on Thursday, November 3rd. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $206.00.

CDW Stock Down 0.6 %

NASDAQ:CDW opened at $184.35 on Friday. CDW Co. has a twelve month low of $147.91 and a twelve month high of $208.71. The company has a market cap of $24.96 billion, a price-to-earnings ratio of 24.22, a price-to-earnings-growth ratio of 1.45 and a beta of 1.12. The stock has a fifty day simple moving average of $166.64 and a 200-day simple moving average of $168.36. The company has a current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 4.60.

CDW Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Friday, November 25th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 1.28%. This is an increase from CDW’s previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, November 23rd. CDW’s dividend payout ratio (DPR) is 26.28%.

CDW Profile

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CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products and services, as well as integrated IT solutions, including on-premise, hybrid, and cloud capabilities across data center and networking, digital workspace, and security.

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Institutional Ownership by Quarter for CDW (NASDAQ:CDW)

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