Xponance Inc., a prominent institutional investor, has reported a notable increase in its holdings of CDW Co. (NASDAQ:CDW) during the 1st quarter of this year. The company’s recent disclosure with the Securities and Exchange Commission (SEC) revealed that it acquired an additional 797 shares of CDW, resulting in a 2.6% increase in its overall holdings. With the addition of these shares, Xponance Inc.’s total stake in CDW now amounts to an impressive 31,384 shares, equivalent to a value of $6,116,000.
This latest move by Xponance Inc. highlights its confidence and belief in CDW’s potential as an information technology services provider. It signifies the company’s recognition of CDW’s position as a valuable asset within the industry. Moreover, it demonstrates Xponance Inc.’s proactive approach towards expanding and diversifying its investment portfolio.
Interestingly, CDW had recently released its quarterly earnings report on May 3rd which provided further validation for Xponance Inc.’s decision to increase its stake. In this report, CDW announced earnings per share (EPS) of $1.99 for the quarter, surpassing the consensus estimates of analysts by $0.08 per share.
Additionally, CDW reported revenues amounting to $5.10 billion for the same period, meeting analysts’ expectations precisely. These strong financial results reflect the company’s ability to deliver solid performance in a competitive market landscape.
Furthermore, CDW’s net margin was reported at 4.78%, affirming its efficiency in managing costs and generating profits. Its return on equity stood impressively high at 90.20%. Collectively, these figures contribute to a positive outlook for CDW and validate Xponance Inc.’s optimism in their investment.
In another significant development within the company, insider Christine A. Leahy made a substantial purchase of CDW stock on May 4th. Leahy acquired 3,050 shares of the firm’s stock at an average price of $163.62 per share, tallying up to a total investment worth $499,041.00. Following this acquisition, Leahy now possesses 68,622 shares of CDW, representing an impressive value of approximately $11,227,931.64.
This insider purchase showcases the confidence that individuals within the company have in CDW’s future growth potential. Such investments by insiders often signify their belief in the long-term success and profitability of the company.
The acquisition by Christine A. Leahy was officially disclosed through a legal filing with the Securities & Exchange Commission. Interested parties can access further details regarding this transaction through the hyperlink provided in the filing.
At present, insiders own approximately 0.85% of CDW’s stock, underscoring their collective faith in the company’s performance and trajectory.
Based on these recent developments and strong financial results, analysts predicting future prospects for CDW forecast earnings per share amounting to 9.05 for the current year.
As CDW continues to demonstrate its ability to deliver solid financial performance and attract significant investment interest from institutional investors such as Xponance Inc., it solidifies its position as a leading player in the information technology services sector.
Moving forward, market participants will be closely monitoring CDW’s performance and assessing its potential for sustained growth and profitability amidst evolving trends within the industry.
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CDW Corporation Sees Changes in Stock Positions While Maintaining Stability
CDW Corporation (CDW), an information technology services provider, has recently seen changes in its stock positions by several hedge funds and institutional investors. Allworth Financial LP increased its position in CDW by 76.3% during the fourth quarter, now owning 141 shares worth $25,000. Similarly, RFP Financial Group LLC acquired a stake in CDW during the same period, amounting to $25,000. Dark Forest Capital Management LP also grew its position in CDW by 86.9%, holding 157 shares worth $28,000. Furthermore, Eagle Bay Advisors LLC witnessed a significant increase of 1,333.3% in its position, now owning 172 shares worth $31,000. Finally, Altshuler Shaham Ltd entered the market with a new stake in CDW worth approximately $33,000. Notably, institutional investors currently hold around 94.73% of CDW’s stock.
As of Thursday, CDW stocks opened at $177.48 per share with a market capitalization of $23.92 billion and a P/E ratio of 22.24. The stocks have a beta of 1.10 and a PEG ratio of 1.49. Furthermore, CDW has a current ratio of 1.31 and a quick ratio of 1.15 indicating steady liquidity levels for the company when compared to its short-term liabilities on hand. In terms of debt management, CDW possesses a debt-to-equity ratio of 3.
66.
Over the last year:
– The lowest recorded price for CDW was $147.91
– The highest recorded price was $215
In recent insider news regarding stock transactions: Christine A.
Leahy acquired 3,
050 shares on Thursday,
May4th for an average price per share of $163.
62,
summing up to a total value of $499,
041.00.
Following this transaction, Leahy now holds 68,
622 shares worth a total value of $11,227,
931.64.
The acquisition was disclosed in a legal filing with the Securities & Exchange Commission.
Furthermore, CDW recently declared a quarterly dividend, which was distributed on Tuesday,
June13th.
Holders of record as of Thursday,
May25th were paid a dividend of $0.59 per share. This represents an annualized dividend rate of $2.36 and a dividend yield of 1.33%.
The ex-dividend date was Wednesday,
May24th.
Currently, CDW’s payout ratio stands at 29.57%.
Equity research analysts have reviewed CDW’s performance and released multiple reports with valuable insights into the company’s stock position and future projections. Bank of America reduced their price target from $200 to $185 in their research report dated May 4th while JPMorgan Chase & Co., Morgan Stanley, and Stifel Nicolaus all revised their target prices downward as well during April 2019. Lastly, Credit Suisse Group lowered their target price from $195 to $190 on May 4th as well. Despite these adjustments, the average rating for CDW’s stock is considered “Moderate Buy” according to Bloomberg, with an average price target of $205.
In conclusion, CDW Corporation has experienced various changes in its stock positions by hedge funds and institutional investors while maintaining a relatively stable market value. The company’s financial ratios indicate favorable liquidity levels and effective debt management practice
s.The recent transactions made by insider Christine A.
Leahy also demonstrate confidence in the stock’s potential growth. Additionally, CDW’s declaration of a quarterly dividend reflects the company’s commitment to providing returns to its shareholders. Although some individual analysts have adjusted their price targets downward, the overall sentiment remains positive regarding CDW’s future prospects.