Sentry Investment Management LLC Has $130,000 Stock Holdings in CDW Co. (NASDAQ:CDW)

Sentry Investment Management LLC trimmed its position in CDW Co. (NASDAQ:CDW) by 17.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 583 shares of the information technology services provider’s stock after selling 120 shares during the quarter. Sentry Investment Management LLC’s holdings in CDW were worth $130,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of CDW. Tsfg LLC bought a new position in CDW in the 1st quarter worth approximately $26,000. Rise Advisors LLC bought a new position in CDW during the first quarter worth $34,000. ORG Partners LLC acquired a new position in CDW during the 2nd quarter valued at $34,000. Quest Partners LLC bought a new stake in CDW in the 2nd quarter valued at $35,000. Finally, Summit Securities Group LLC acquired a new stake in CDW in the 2nd quarter worth $40,000. 93.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CDW shares. Barclays reduced their target price on shares of CDW from $232.00 to $229.00 and set an “equal weight” rating for the company in a research note on Thursday, August 1st. Northcoast Research raised CDW from a “neutral” rating to a “buy” rating and set a $270.00 price objective on the stock in a report on Friday, June 7th. Finally, Stifel Nicolaus upped 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. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, CDW has a consensus rating of “Moderate Buy” and an average price target of $254.63.

Insider Transactions at CDW

In other CDW news, insider Christine A. Leahy acquired 1,200 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was purchased at an average price of $216.15 per share, for a total transaction of $259,380.00. Following the transaction, the insider now owns 102,200 shares in the company, valued at approximately $22,090,530. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Christine A. Leahy acquired 1,200 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were purchased at an average price of $216.15 per share, with a total value of $259,380.00. Following the acquisition, the insider now directly owns 102,200 shares in the company, valued at $22,090,530. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Sona Chawla sold 18,437 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $240.45, for a total transaction of $4,433,176.65. Following the completion of the transaction, the insider now directly owns 22,428 shares of the company’s stock, valued at $5,392,812.60. The disclosure for this sale can be found here. 0.90% of the stock is owned by company insiders.

CDW Price Performance

CDW stock opened at $218.64 on Friday. The business has a 50 day simple moving average of $221.71 and a 200 day simple moving average of $231.02. CDW Co. has a one year low of $185.04 and a one year high of $263.37. The company has a market capitalization of $29.38 billion, a PE ratio of 27.30, a price-to-earnings-growth ratio of 3.22 and a beta of 1.04. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.13 and a quick ratio of 1.02.

CDW (NASDAQ:CDW) last issued its earnings results on Wednesday, July 31st. The information technology services provider reported $2.34 EPS for the quarter, missing the consensus estimate of $2.39 by ($0.05). The firm had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.43 billion. CDW had a net margin of 5.29% and a return on equity of 62.22%. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.43 EPS. On average, sell-side analysts forecast that CDW Co. will post 9.4 EPS for the current fiscal year.

CDW Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Monday, August 26th. CDW’s dividend payout ratio (DPR) is currently 30.96%.

About CDW

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.