5,484 Shares in CDW Co. (NASDAQ:CDW) Bought by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC purchased a new position in CDW Co. (NASDAQ:CDW) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 5,484 shares of the information technology services provider’s stock, valued at approximately $1,403,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. UBS Group AG grew its position in CDW by 60.7% in the 4th quarter. UBS Group AG now owns 194,686 shares of the information technology services provider’s stock worth $44,256,000 after purchasing an additional 73,503 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of CDW by 16.1% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 49,011 shares of the information technology services provider’s stock valued at $11,141,000 after acquiring an additional 6,799 shares in the last quarter. Cerity Partners LLC boosted its position in shares of CDW by 44.9% during the 4th quarter. Cerity Partners LLC now owns 14,553 shares of the information technology services provider’s stock valued at $3,308,000 after acquiring an additional 4,511 shares in the last quarter. Rafferty Asset Management LLC boosted its position in shares of CDW by 157.3% during the 4th quarter. Rafferty Asset Management LLC now owns 90,362 shares of the information technology services provider’s stock valued at $20,541,000 after acquiring an additional 55,239 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its position in shares of CDW by 84.9% during the 4th quarter. Pacer Advisors Inc. now owns 15,924 shares of the information technology services provider’s stock valued at $3,620,000 after acquiring an additional 7,310 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

CDW Trading Up 0.4 %

Shares of NASDAQ CDW opened at $224.06 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.13 and a debt-to-equity ratio of 2.35. The company has a market cap of $30.11 billion, a PE ratio of 27.97, a P/E/G ratio of 3.29 and a beta of 1.06. The company has a 50-day moving average of $227.60 and a two-hundred day moving average of $233.59. CDW Co. has a 1-year low of $176.05 and a 1-year high of $263.37.

CDW (NASDAQ:CDW) last posted its quarterly earnings results on Wednesday, May 1st. The information technology services provider reported $1.89 earnings per share for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.15). The business had revenue of $4.87 billion for the quarter, compared to the consensus estimate of $4.94 billion. CDW had a return on equity of 67.56% and a net margin of 5.16%. As a group, equities analysts expect that CDW Co. will post 9.67 earnings per share for the current fiscal year.

CDW Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Friday, May 24th were paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend was Thursday, May 23rd. CDW’s dividend payout ratio (DPR) is 30.96%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CDW shares. Stifel Nicolaus decreased their target price on shares of CDW from $265.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Citigroup reduced their price target on shares of CDW from $295.00 to $260.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. JPMorgan Chase & Co. reduced their price target on shares of CDW from $280.00 to $265.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Evercore ISI boosted their price target on shares of CDW from $250.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Finally, Northcoast Research upgraded shares of CDW from a “neutral” rating to a “buy” rating and set a $270.00 price target on the stock in a research report on Friday, June 7th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, CDW presently has an average rating of “Moderate Buy” and a consensus price target of $250.00.

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.