The world of finance is ever-changing and subject to unpredictable events. One such occurrence was Creative Planning’s recent increase in holdings of CDW Co., a company providing information technology services. According to the Securities & Exchange Commission, Creative Planning notably increased its shareholdings by 45.7% during the last quarter of 2021, owning a total of 7,316 shares in the company. The fund purchased an additional 2,294 shares during this period, which resulted in a value of $1,306,000 at the financial year’s conclusion.
Interestingly enough, CDW made headlines again when insider Christine A. Leahy acquired a whopping 3,050 shares of stock just two weeks ago at an average cost of $163.62 per share – with the total transaction costing her over $499,000! Now holding 68,622 shares at a value of over $11 million dollars – Leahy has become one amongst several insiders who own 0.85% percent of CDW’s stock.
Though it may seem like a tumultuous time for CDW Co., this data suggests that it could actually be worth investing considerable funds towards potential gains from its future returns on investment (ROI). The current market price as of Monday’s opening was $174.22 with notable fluctuations between consistent growth and decline – exemplified through its fluctuating weekly average price & peak highs throughout the year.
At present; CDW Co.’s financial reports indicate that they have holdings with relative allocations between quick ratios and current ratios at their respective values sitting within their industrial boundaries; debt-to-equity ratio resting at an interestingly high figure but still considerate standing around comparative rates pertaining to observed industry norms. With a market capitalization score near twenty-three-and-a-half-billion-dollars and earnings per share metrics hovering around twenty-one-ninety cents — it becomes clear that though there is some perplexity surrounding these numbers, a level of bustiness also exists. So get ready to buckle up for an especially exciting fair share of finance fun!
[bs_slider_forecast ticker=”CDW”]
CDW Corporation sees boost in institutional ownership, positive analyst ratings, insider trading and new share repurchase plan.
CDW Corporation is a leading provider of information technology services and solutions, catering to the needs of businesses, government agencies and educational institutions. Recently, several institutional investors have modified their holdings of the company’s stock. Amalgamated Bank is among them, as it boosted its position in CDW by 1.9% during the fourth quarter. Sei Investments Co. did even better with a 67% rise in its holdings of CDW stock during the same period, while New York Life Investment Management LLC increased its stake by 0.5%. AXQ Capital LP and Sequoia Financial Advisors LLC also bought new stakes in CDW during Q4 2016.
According to Bloomberg.com, two research analysts have rated CDW’s stock as ‘hold’ while seven others have given it a ‘buy’ rating; this makes the stock an overall ‘Moderate Buy,’ with an average target price of $205.63. The business has also been subject to several research reports, with Citigroup raising its earlier price target on CTW from $210.00 to $230.00.
In addition to changes in institutional ownership and analyst ratings, Christine A. Leahy – an insider – recently acquired 3,050 shares of CDW’s stock at an average cost of $163.62 per share for a total transaction value of $499,041.
This news follows another recent announcement that CDW’s board has approved a new share repurchase plan worth $750 million allowing the company to buyback up to 2.8% of its outstanding common shares through open market purchases.
On May 4th., CDW also announced that it would pay out a quarterly dividend on June 13th worth $0.59 per share for shareholders on record by May 25th; this represents an annualized dividend yield of about 1.35%.
All these developments show that CDW remains committed to enhancing the value it offers its shareholders, with a range of strategies that include a buyback program, dividends and acquisitions that continue to drive long-term growth for the company.