Sun Sep 15 14:55:18 UTC 2024: ## Hedge Funds Show Interest in CDW: Meeder Advisory Services Boosts Stake

**New York, NY** – Meeder Advisory Services Inc. has increased its stake in CDW Co. (NASDAQ:CDW) by 34.9% in the second quarter, according to the firm’s recent 13F filing. Meeder now owns 3,171 shares of the information technology services provider, valued at $710,000.

This move by Meeder echoes the sentiment of other hedge funds, with several making new investments in CDW during recent quarters. These include Tsfg LLC, Rise Advisors LLC, ORG Partners LLC, Quest Partners LLC, and Summit Securities Group LLC, demonstrating growing interest in the company. A significant 93.15% of CDW’s stock is currently held by institutional investors and hedge funds.

Meanwhile, insider activity has been mixed. Sona Chawla, an insider at CDW, sold 18,437 shares on July 16th at an average price of $240.45, totaling $4,433,176.65. However, Christine A. Leahy, another insider, acquired 1,200 shares on August 1st at an average price of $216.15, for a total value of $259,380.00.

CDW opened at $220.15 on Friday, with a market cap of $29.41 billion. The company’s recent earnings report, released on July 31st, showed an EPS of $2.34, slightly missing analyst estimates. Revenue for the quarter was $5.42 billion, also marginally below expectations.

Despite the miss, CDW remains a strong performer with a robust dividend program. The company recently paid a quarterly dividend of $0.62 per share, representing an annualized dividend of $2.48 and a yield of 1.13%.

CDW Corporation provides IT solutions across the United States, the United Kingdom, and Canada, operating in the Corporate, Small Business, and Public segments. Its offerings range from hardware and software products to integrated IT solutions, including cloud and hybrid infrastructure, digital experience, and security.

Overall, the recent hedge fund activity and insider trades suggest continued interest in CDW Co. The company’s performance and dividend policy continue to attract investors, making it a potential focal point in the information technology services sector.

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