<div id="readability-page-1"><p>Bank of New York Mellon Corp lowered its stake in shares of  CDW Corporation (NASDAQ:CDW - Free Report) by 6.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities &amp; Exchange Commission. The fund owned 864,886 shares of the information technology services provider's stock after selling 54,924 shares during the period. Bank of New York Mellon Corp owned 0.66% of CDW worth $137,759,000 at the end of the most recent quarter.</p><ul><li>5 Ways to Play Retail that will Profit in 2023</li></ul><p>Other hedge funds also recently modified their holdings of the company. Mitsubishi UFJ Trust &amp; Banking Corp increased its position in  CDW by 8.9% in the third quarter. Mitsubishi UFJ Trust &amp; Banking Corp now owns 91,904 shares of the information technology services provider's stock worth $14,638,000 after buying an additional 7,548 shares during the last quarter.  Covestor Ltd lifted its position in shares of  CDW by 87.9% during the 3rd quarter. Covestor Ltd now owns 483 shares of the information technology services provider's stock valued at $77,000 after buying an additional 226 shares during the last quarter.  Root Financial Partners LLC bought a new position in shares of  CDW during the 3rd quarter worth $26,000.  Allstate Corp purchased a new stake in  CDW in the 3rd quarter worth about $823,000.  Finally, Quent Capital LLC purchased a new stake in  CDW in the 3rd quarter worth about $57,000. Institutional investors own  93.15% of the company's stock. </p><h2>Insider Buying and Selling at CDW</h2><p>In other news, insider Sona Chawla sold 7,400 shares of CDW stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $146.17, for a total transaction of $1,081,658.00. Following the completion of the sale, the insider owned 28,110 shares in the company, valued at approximately $4,108,838.70. This trade represents a 20.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.84% of the stock is currently owned by insiders. </p><h2>Wall Street Analyst Weigh In</h2><ul><li>Retail Theft Rises: Two Ways For Investors To Beat Shrinkage</li></ul><p>Several research firms have commented on CDW. Evercore ISI  reaffirmed an &#34;outperform&#34; rating and set a $180.00 price objective on shares of CDW in a report on Tuesday, January 20th. Raymond James Financial upgraded shares of CDW from an &#34;outperform&#34; rating to a &#34;strong-buy&#34; rating and set a $185.00 target price for the company in a research note on Tuesday, November 25th. Barclays lowered their price target on shares of CDW from $176.00 to $148.00 and set an &#34;equal weight&#34; rating on the stock in a research report on Wednesday, November 5th. Morgan Stanley downgraded shares of CDW from an &#34;overweight&#34; rating to an &#34;equal weight&#34; rating and cut their price objective for the stock from $177.00 to $141.00 in a report on Tuesday, January 20th. Finally, Citigroup reduced their price objective on shares of CDW from $160.00 to $148.00 and set a &#34;neutral&#34; rating for the company in a research note on Tuesday, January 20th. One analyst  has rated the stock with a Strong Buy rating, two have given a Buy rating and five have issued  a Hold rating to the stock. According to data from MarketBeat.com, CDW  has a consensus rating of &#34;Moderate Buy&#34; and an average target price of $171.00.</p><p><b>Read Our Latest Report on CDW</b></p><h2>CDW Stock Performance</h2><p>NASDAQ CDW opened at $126.39 on Friday. The company's 50 day simple moving average is $137.36 and its two-hundred day simple moving average is $152.66. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.39 and a quick ratio of 1.30. CDW Corporation has a 1 year low of $123.08 and a 1 year high of $222.92. The stock has a market capitalization of $16.45 billion, a PE ratio of 15.96, a P/E/G ratio of 1.64 and a beta of 1.08. </p><p>CDW (NASDAQ:CDW - Get Free Report) last released its quarterly earnings results on Tuesday, November 4th. The information technology services provider reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.62 by $0.09. CDW had a net margin of 4.76% and a return on equity of 51.89%. The firm had revenue of $5.74 billion for the quarter, compared to analysts' expectations of $5.75 billion.  Analysts predict that  CDW Corporation will post 9.41 earnings per share for the current fiscal year. </p><h2>CDW Increases Dividend</h2><p>The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, November 25th. This is an increase from CDW's previous quarterly dividend of $0.63. CDW's payout ratio is 31.82%. </p><h2>CDW Company Profile</h2> (Free Report)<p>CDW <span>NASDAQ: CDW<span></span></span> is a leading provider of information technology products and integrated solutions for business, government, education and healthcare customers. The company sources and resells hardware and software from major technology vendors and packages those products with professional services, managed services and lifecycle support. Its offerings span IT infrastructure, cloud and data center solutions, cybersecurity, networking, unified communications, endpoint devices, and software licensing and procurement services designed to simplify IT operations for customers.  </p><p>CDW combines a broad product portfolio with consultative sales, implementation and technical support capabilities.</p><h2>See Also</h2><ul><li>Five stocks we like better than CDW</li><li>Stock market legend warns: “An Ominous Day Is Coming for the Markets…”</li><li>Another reason you need to own gold… [running out]</li><li>Trump’s Final Shocking Act Begins February 24</li><li>NEW: Gold makes history</li><li>Deutsche Bank Just Raised Their Gold Target to $6,000</li></ul><p><strong>Want to see what other hedge funds are holding CDW?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CDW Corporation (NASDAQ:CDW - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9Q0RX?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9Q0RX"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in CDW Right Now?</h2><p>Before you consider CDW, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CDW wasn't on the list.</p><p>While CDW currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Bank of New York Mellon Corp reduced its stake in CDW Corporation by 6.0%, selling 54,924 shares in Q3, now holding 864,886 shares valued at $137.76 million. Other hedge funds adjusted their positions, with Mitsubishi UFJ Trust increasing its stake by 8.9%. Insider Sona Chawla sold 7,400 shares, decreasing her position by 20.84%. Analysts have mixed ratings on CDW, with a consensus rating of "Moderate Buy" and an average target price of $171.00. CDW's stock opened at $126.39, with a market cap of $16.45 billion and a PE ratio of 15.96.</p>

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Bank of New York Mellon Corp Sells 54,924 Shares of CDW Corporation $CDW