CDW (CDW) Shares Bought by Cabot Wealth Management Inc.

Cabot Wealth Management Inc. grew its position in CDW (NASDAQ:CDW) by 1.0% in the first quarter, Holdings Channel reports. The fund owned 101,702 shares of the information technology services provider’s stock after buying an additional 970 shares during the period. CDW makes up approximately 1.6% of Cabot Wealth Management Inc.’s investment portfolio, making the stock its 20th largest position. Cabot Wealth Management Inc.’s holdings in CDW were worth $7,151,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. Ladenburg Thalmann Financial Services Inc. boosted its position in CDW by 22.9% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,018 shares of the information technology services provider’s stock valued at $279,000 after purchasing an additional 748 shares during the period. Public Employees Retirement Association of Colorado boosted its position in CDW by 2.7% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 30,998 shares of the information technology services provider’s stock valued at $2,154,000 after purchasing an additional 828 shares during the period. Amalgamated Bank boosted its position in CDW by 3.1% during the 4th quarter. Amalgamated Bank now owns 29,903 shares of the information technology services provider’s stock valued at $2,078,000 after purchasing an additional 897 shares during the period. ETRADE Capital Management LLC boosted its position in CDW by 6.2% during the 1st quarter. ETRADE Capital Management LLC now owns 16,645 shares of the information technology services provider’s stock valued at $1,170,000 after purchasing an additional 979 shares during the period. Finally, Advisor Group Inc. boosted its position in CDW by 9.9% during the 4th quarter. Advisor Group Inc. now owns 11,093 shares of the information technology services provider’s stock valued at $771,000 after purchasing an additional 999 shares during the period. Institutional investors and hedge funds own 89.94% of the company’s stock.

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Shares of CDW opened at $80.89 on Wednesday, Marketbeat Ratings reports. The company has a quick ratio of 1.16, a current ratio of 1.35 and a debt-to-equity ratio of 3.22. CDW has a 1 year low of $58.57 and a 1 year high of $81.66. The firm has a market cap of $12.25 billion, a price-to-earnings ratio of 20.85 and a beta of 1.08.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 11th. Stockholders of record on Friday, May 25th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Thursday, May 24th. This represents a $0.84 annualized dividend and a dividend yield of 1.04%. CDW’s dividend payout ratio (DPR) is 21.65%.

A number of brokerages have issued reports on CDW. Zacks Investment Research lowered CDW from a “buy” rating to a “hold” rating in a research report on Thursday, May 10th. Morgan Stanley boosted their price target on CDW from $70.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 3rd. Robert W. Baird reiterated a “buy” rating on shares of CDW in a research report on Wednesday, May 2nd. BidaskClub upgraded CDW from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 2nd. Finally, Needham & Company LLC boosted their price target on CDW from $78.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, March 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $78.50.

In other news, Director Paul J. Finnegan sold 2,293 shares of the company’s stock in a transaction on Wednesday, May 9th. The stock was sold at an average price of $77.04, for a total value of $176,652.72. Following the completion of the sale, the director now owns 12,384 shares in the company, valued at $954,063.36. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Neil B. Fairfield sold 700 shares of the company’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $74.26, for a total value of $51,982.00. Following the completion of the sale, the insider now owns 3,168 shares of the company’s stock, valued at approximately $235,255.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 51,673 shares of company stock valued at $3,912,721. Insiders own 2.60% of the company’s stock.

About CDW

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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