Achmea Investment Management B.V. Acquires 859 Shares of CDW Corporation $CDW

Achmea Investment Management B.V. raised its stake in shares of CDW Corporation (NASDAQ:CDW) by 13.5% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 7,245 shares of the information technology services provider’s stock after purchasing an additional 859 shares during the period. Achmea Investment Management B.V.’s holdings in CDW were worth $1,294,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its position in shares of CDW by 28.5% during the second quarter. Nisa Investment Advisors LLC now owns 6,038 shares of the information technology services provider’s stock valued at $1,078,000 after buying an additional 1,338 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in CDW by 9.4% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 363,552 shares of the information technology services provider’s stock valued at $64,927,000 after buying an additional 31,365 shares during the last quarter. KLP Kapitalforvaltning AS lifted its stake in CDW by 0.9% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 79,100 shares of the information technology services provider’s stock valued at $14,126,000 after acquiring an additional 700 shares in the last quarter. V Square Quantitative Management LLC boosted its holdings in CDW by 12.1% during the 2nd quarter. V Square Quantitative Management LLC now owns 1,423 shares of the information technology services provider’s stock worth $254,000 after acquiring an additional 154 shares during the last quarter. Finally, CX Institutional grew its stake in shares of CDW by 32.7% in the 2nd quarter. CX Institutional now owns 1,208 shares of the information technology services provider’s stock worth $216,000 after acquiring an additional 298 shares in the last quarter. 93.15% of the stock is owned by institutional investors.

CDW Price Performance

CDW stock opened at $142.45 on Friday. The business’s 50 day simple moving average is $158.23 and its 200 day simple moving average is $168.60. CDW Corporation has a 12 month low of $137.31 and a 12 month high of $222.92. The company has a market cap of $18.55 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 2.35 and a beta of 1.03. The company has a current ratio of 1.39, a quick ratio of 1.22 and a debt-to-equity ratio of 2.21.

CDW (NASDAQ:CDW) last released its earnings results on Wednesday, August 6th. The information technology services provider reported $2.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.49 by $0.11. CDW had a return on equity of 51.89% and a net margin of 4.76%.The business had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $5.51 billion. During the same period last year, the business posted $2.50 earnings per share. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. Sell-side analysts forecast that CDW Corporation will post 9.41 EPS for the current year.

CDW Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be paid a $0.63 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $2.52 dividend on an annualized basis and a yield of 1.8%. This is an increase from CDW’s previous quarterly dividend of $0.63. CDW’s dividend payout ratio (DPR) is presently 31.06%.

Analysts Set New Price Targets

CDW has been the topic of a number of recent analyst reports. UBS Group dropped their price target on shares of CDW from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday. Weiss Ratings reiterated a “hold (c-)” rating on shares of CDW in a research note on Thursday, October 30th. Barclays dropped their target price on shares of CDW from $176.00 to $148.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Citigroup upped their target price on CDW from $180.00 to $200.00 and gave the company a “neutral” rating in a report on Friday, July 11th. Finally, JPMorgan Chase & Co. increased their price target on CDW from $185.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, July 17th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $196.29.

CDW Company 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.