Brown Advisory Inc. Has $330,000 Stake in CDW Corporation (NASDAQ:CDW)

Brown Advisory Inc. lifted its position in shares of CDW Corporation (NASDAQ:CDW) by 43.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,057 shares of the information technology services provider’s stock after purchasing an additional 625 shares during the period. Brown Advisory Inc.’s holdings in CDW were worth $330,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. D. E. Shaw & Co. Inc. boosted its holdings in shares of CDW by 906.9% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,024,887 shares of the information technology services provider’s stock valued at $352,411,000 after purchasing an additional 1,823,788 shares in the last quarter. Alyeska Investment Group L.P. lifted its holdings in CDW by 17,349.6% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,380,787 shares of the information technology services provider’s stock worth $240,312,000 after buying an additional 1,372,874 shares during the period. Norges Bank acquired a new position in CDW during the 4th quarter worth about $144,826,000. Voloridge Investment Management LLC acquired a new position in CDW during the 4th quarter worth about $105,705,000. Finally, Massachusetts Financial Services Co. MA raised its position in shares of CDW by 31.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,414,093 shares of the information technology services provider’s stock worth $420,149,000 after acquiring an additional 575,333 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

CDW Trading Down 1.1%

Shares of CDW stock opened at $175.77 on Wednesday. The company has a debt-to-equity ratio of 2.42, a quick ratio of 1.20 and a current ratio of 1.32. CDW Corporation has a 52-week low of $137.31 and a 52-week high of $241.26. The company has a market capitalization of $23.15 billion, a PE ratio of 21.78, a price-to-earnings-growth ratio of 2.99 and a beta of 0.93. The business’s fifty day moving average is $179.51 and its 200 day moving average is $175.70.

CDW (NASDAQ:CDW) last released its earnings results on Wednesday, May 7th. The information technology services provider reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.19. The business had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $4.93 billion. CDW had a return on equity of 54.90% and a net margin of 5.10%. The firm’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.92 earnings per share. On average, equities research analysts anticipate that CDW Corporation will post 9.41 EPS for the current fiscal year.

CDW Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, May 26th were paid a dividend of $0.625 per share. The ex-dividend date was Friday, May 23rd. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.42%. CDW’s dividend payout ratio (DPR) is currently 30.98%.

Insider Transactions at CDW

In related news, insider Christine A. Leahy sold 40,917 shares of the firm’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $181.42, for a total value of $7,423,162.14. Following the sale, the insider directly owned 144,931 shares of the company’s stock, valued at $26,293,382.02. This trade represents a 22.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Frederick J. Kulevich sold 28,159 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $190.90, for a total value of $5,375,553.10. Following the completion of the sale, the insider directly owned 36,077 shares in the company, valued at $6,887,099.30. The trade was a 43.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CDW shares. Citigroup lifted their price objective on CDW from $180.00 to $200.00 and gave the stock a “neutral” rating in a research report on Friday, July 11th. Barclays decreased their price objective on CDW from $223.00 to $205.00 and set an “equal weight” rating for the company in a report on Thursday, May 8th. UBS Group decreased their price target on CDW from $236.00 to $210.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. Finally, JPMorgan Chase & Co. dropped their price objective on CDW from $222.00 to $175.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $211.57.

CDW Profile

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 and cloud capabilities across hybrid infrastructure, digital experience, and security.