Janus Henderson Group PLC Buys 11,861 Shares of CDW Co. (NASDAQ:CDW)

Janus Henderson Group PLC raised its stake in shares of CDW Co. (NASDAQ:CDW) by 4.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 301,957 shares of the information technology services provider’s stock after buying an additional 11,861 shares during the period. Janus Henderson Group PLC owned about 0.22% of CDW worth $77,211,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CDW. Tsfg LLC purchased a new position in shares of CDW in the first quarter valued at about $26,000. Larson Financial Group LLC bought a new stake in shares of CDW during the 4th quarter worth approximately $30,000. Rise Advisors LLC purchased a new stake in CDW in the first quarter worth $34,000. ORG Partners LLC purchased a new stake in CDW in the 4th quarter valued at about $36,000. Finally, Oakworth Capital Inc. bought a new position in CDW during the 4th quarter worth about $36,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CDW shares. Barclays dropped their price objective on shares of CDW from $261.00 to $232.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 2nd. JPMorgan Chase & Co. cut their price target on CDW from $280.00 to $265.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Northcoast Research upgraded CDW from a “neutral” rating to a “buy” rating and set a $270.00 price objective for the company in a research note on Friday, June 7th. Stifel Nicolaus lifted their target price on CDW from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Finally, Citigroup lowered their price target on shares of CDW from $295.00 to $260.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $251.11.

CDW Stock Performance

NASDAQ:CDW traded down $13.44 during mid-day trading on Wednesday, hitting $219.03. The company’s stock had a trading volume of 710,520 shares, compared to its average volume of 793,562. The business’s fifty day moving average is $226.43 and its two-hundred day moving average is $234.46. The stock has a market cap of $29.44 billion, a price-to-earnings ratio of 27.31, a PEG ratio of 3.41 and a beta of 1.04. CDW Co. has a 1 year low of $184.99 and a 1 year high of $263.37. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.26 and a quick ratio of 1.13.

CDW (NASDAQ:CDW) last released its quarterly earnings results on Wednesday, May 1st. The information technology services provider reported $1.89 EPS for the quarter, missing the consensus estimate of $2.04 by ($0.15). The firm had revenue of $4.87 billion for the quarter, compared to analyst estimates of $4.94 billion. CDW had a net margin of 5.16% and a return on equity of 67.56%. Analysts anticipate that CDW Co. will post 9.67 EPS for the current fiscal year.

CDW Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 26th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 1.13%. CDW’s dividend payout ratio is presently 30.96%.

Insiders Place Their Bets

In related news, insider Sona Chawla sold 18,437 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $240.45, for a total transaction of $4,433,176.65. Following the transaction, the insider now directly owns 22,428 shares in the company, valued at $5,392,812.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.90% of the stock is currently owned by company insiders.

CDW Company Profile

CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products and services, as well as integrated IT solutions, including on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security.