Metropolitan Life Insurance Co NY Sells 231 Shares of CDW (NASDAQ:CDW)

Metropolitan Life Insurance Co NY cut its position in CDW (NASDAQ:CDW) by 2.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,044 shares of the information technology services provider’s stock after selling 231 shares during the period. Metropolitan Life Insurance Co NY’s holdings in CDW were worth $1,064,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Mackenzie Financial Corp lifted its stake in shares of CDW by 4.7% during the 4th quarter. Mackenzie Financial Corp now owns 3,619 shares of the information technology services provider’s stock worth $293,000 after buying an additional 164 shares during the last quarter. Toronto Dominion Bank grew its holdings in shares of CDW by 23.6% during the 4th quarter. Toronto Dominion Bank now owns 20,387 shares of the information technology services provider’s stock valued at $1,652,000 after purchasing an additional 3,898 shares during the last quarter. LPL Financial LLC grew its holdings in CDW by 2.5% during the 4th quarter. LPL Financial LLC now owns 7,943 shares of the information technology services provider’s stock worth $644,000 after acquiring an additional 197 shares during the last quarter. Acadian Asset Management LLC grew its holdings in CDW by 171.5% during the 4th quarter. Acadian Asset Management LLC now owns 24,119 shares of the information technology services provider’s stock worth $1,955,000 after acquiring an additional 15,234 shares during the last quarter. Finally, New York State Common Retirement Fund grew its holdings in CDW by 12.1% during the 4th quarter. New York State Common Retirement Fund now owns 410,425 shares of the information technology services provider’s stock worth $33,265,000 after acquiring an additional 44,318 shares during the last quarter. 91.26% of the stock is owned by institutional investors.

In related news, insider Thomas E. Richards sold 66,667 shares of CDW stock in a transaction on Friday, May 31st. The shares were sold at an average price of $99.67, for a total value of $6,644,699.89. Following the sale, the insider now owns 644,443 shares in the company, valued at $64,231,633.81. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Collin B. Kebo sold 3,600 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $106.28, for a total value of $382,608.00. Following the transaction, the insider now directly owns 22,352 shares of the company’s stock, valued at approximately $2,375,570.56. The disclosure for this sale can be found here. Insiders sold 139,534 shares of company stock worth $14,332,814 in the last 90 days. Company insiders own 2.25% of the company’s stock.

CDW has been the topic of a number of recent analyst reports. Deutsche Bank set a $60.00 price target on shares of Taubman Centers and gave the stock a “hold” rating in a research report on Tuesday, June 11th. Stifel Nicolaus set a $80.00 target price on shares of CSX and gave the company a “hold” rating in a research report on Wednesday, April 17th. Northcoast Research restated a “buy” rating on shares of MarineMax in a report on Friday, April 26th. Evercore ISI started coverage on shares of Sensata Technologies in a report on Wednesday, June 5th. They set an “in-line” rating and a $50.00 price objective on the stock. Finally, Credit Suisse Group upped their price objective on shares of Delta Air Lines from $37.00 to $68.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. CDW has a consensus rating of “Buy” and a consensus target price of $107.75.

Shares of CDW stock traded down $1.07 on Thursday, reaching $112.41. The stock had a trading volume of 1,045,191 shares, compared to its average volume of 792,493. CDW has a 1 year low of $74.32 and a 1 year high of $116.47. The stock has a market capitalization of $16.70 billion, a P/E ratio of 22.04 and a beta of 1.11. The company has a current ratio of 1.29, a quick ratio of 1.10 and a debt-to-equity ratio of 3.61. The stock’s 50 day moving average price is $108.31.

CDW (NASDAQ:CDW) last issued its quarterly earnings results on Wednesday, May 1st. The information technology services provider reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.13. CDW had a net margin of 4.03% and a return on equity of 77.94%. The business had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same period last year, the business earned $1.05 earnings per share. The business’s quarterly revenue was up 9.8% on a year-over-year basis. On average, research analysts forecast that CDW will post 5.55 EPS for the current fiscal year.

CDW Company 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.

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Institutional Ownership by Quarter for CDW (NASDAQ:CDW)

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