Exencial Wealth Advisors LLC Purchases Shares of 3,546 CDW (CDW)

Exencial Wealth Advisors LLC purchased a new position in shares of CDW (NASDAQ:CDW) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,546 shares of the information technology services provider’s stock, valued at approximately $287,000.

Other institutional investors also recently made changes to their positions in the company. Bessemer Group Inc. grew its stake in CDW by 149.5% in the 3rd quarter. Bessemer Group Inc. now owns 1,295 shares of the information technology services provider’s stock valued at $115,000 after purchasing an additional 776 shares during the period. First Mercantile Trust Co. grew its stake in CDW by 9.7% in the 4th quarter. First Mercantile Trust Co. now owns 1,470 shares of the information technology services provider’s stock valued at $119,000 after purchasing an additional 130 shares during the period. Synovus Financial Corp grew its stake in CDW by 62.1% in the 3rd quarter. Synovus Financial Corp now owns 1,470 shares of the information technology services provider’s stock valued at $131,000 after purchasing an additional 563 shares during the period. Riverhead Capital Management LLC grew its stake in CDW by 82.4% in the 3rd quarter. Riverhead Capital Management LLC now owns 1,550 shares of the information technology services provider’s stock valued at $138,000 after purchasing an additional 700 shares during the period. Finally, Nkcfo LLC bought a new position in CDW in the 4th quarter valued at $192,000. Institutional investors and hedge funds own 90.04% of the company’s stock.

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CDW has been the subject of a number of recent analyst reports. BidaskClub upgraded CDW from a “hold” rating to a “buy” rating in a research note on Wednesday, October 17th. Zacks Investment Research upgraded CDW from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research note on Tuesday, October 23rd. Finally, ValuEngine upgraded CDW from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $91.50.

CDW stock opened at $93.52 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.41 and a debt-to-equity ratio of 2.75. The firm has a market cap of $13.88 billion, a PE ratio of 18.34 and a beta of 1.05. CDW has a fifty-two week low of $67.44 and a fifty-two week high of $96.75.

CDW (NASDAQ:CDW) last posted its quarterly earnings results on Thursday, February 7th. The information technology services provider reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.11. The company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.04 billion. CDW had a return on equity of 72.89% and a net margin of 3.96%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.99 EPS. On average, equities analysts forecast that CDW will post 5.3 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 12th. Stockholders of record on Monday, February 25th will be paid a dividend of $0.295 per share. The ex-dividend date of this dividend is Friday, February 22nd. This represents a $1.18 annualized dividend and a dividend yield of 1.26%. CDW’s payout ratio is 23.14%.

In related news, Director Steven W. Alesio sold 20,013 shares of the stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $89.66, for a total transaction of $1,794,365.58. Following the sale, the director now owns 24,183 shares of the company’s stock, valued at approximately $2,168,247.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christina V. Rother sold 4,000 shares of the stock in a transaction dated Monday, December 10th. The stock was sold at an average price of $90.75, for a total value of $363,000.00. Following the sale, the insider now directly owns 98,231 shares in the company, valued at approximately $8,914,463.25. The disclosure for this sale can be found here. Insiders have sold a total of 95,815 shares of company stock valued at $8,420,163 in the last quarter. 2.60% of the stock is owned by corporate insiders.

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CDW 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.

Read More: Price to Earnings Ratio (PE) Basics

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