B. Metzler seel. Sohn & Co. AG Invests $6.37 Million in CDW Corporation $CDW

B. Metzler seel. Sohn & Co. AG bought a new position in CDW Corporation (NASDAQ:CDW) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 45,306 shares of the information technology services provider’s stock, valued at approximately $6,372,000. BlackRock Inc. purchased a new stake in shares of CDW in the 2nd quarter worth approximately $2,143,082,000. Pzena Investment Management LLC bought a new position in shares of CDW during the 2nd quarter valued at approximately $371,135,000. Deutsche Bank AG bought a new stake in shares of CDW during the 2nd quarter worth approximately $112,488,000. Pacer Advisors Inc. lifted its holdings in CDW by 5,081.1% during the 1st quarter. Pacer Advisors Inc. now owns 549,247 shares of the information technology services provider’s stock valued at $66,470,000 after buying an additional 538,646 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in CDW by 255.7% during the 3rd quarter. Marshall Wace LLP now owns 599,248 shares of the information technology services provider’s stock worth $95,448,000 after purchasing an additional 430,796 shares during the period. Institutional investors own 93.15% of the company’s stock. CDW stock opened at $137.25 on Friday. CDW Corporation has a 1 year low of $97.12 and a 1 year high of $171.55. The firm has a market cap of $17.16 billion, a price-to-earnings ratio of 16.50, a price-to-earnings-growth ratio of 1.76 and a beta of 0.96. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.05 and a current ratio of 1.17. The firm’s 50 day moving average price is $136.37 and its two-hundred day moving average price is $128.40. CDW last issued its quarterly earnings results on Wednesday, August 5th. The information technology services provider reported $2.91 earnings per share for the quarter, topping analysts’ consensus estimates of $2.80 by $0.11. The firm had revenue of $6.57 billion for the quarter, compared to analysts’ expectations of $6.21 billion. CDW had a return on equity of 50.61% and a net margin of 4.60%. CDW’s revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the business posted $2.60 EPS. On average, research analysts predict that CDW Corporation will post 10.28 EPS for the current fiscal year. The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Tuesday, August 25th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.8%. CDW’s dividend payout ratio is 30.29%. Insider John Connelly sold 26,695 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $137.62, for a total transaction of $3,673,765.90. Following the transaction, the insider owned 34,215 shares of the company’s stock, valued at approximately $4,708,668.30. The trade was a 43.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Director David W. Nelms acquired 18,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were bought at an average cost of $111.43 per share, with a total value.