CDW Co. (NASDAQ:CDW) Shares Sold by Compass Ion Advisors LLC

Compass Ion Advisors LLC lessened its position in shares of CDW Co. (NASDAQ:CDW) by 37.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,014 shares of the information technology services provider’s stock after selling 4,859 shares during the period. Compass Ion Advisors LLC’s holdings in CDW were worth $2,050,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tsfg LLC purchased a new position in CDW in the first quarter valued at $26,000. VisionPoint Advisory Group LLC acquired a new stake in shares of CDW during the 3rd quarter worth about $28,000. Larson Financial Group LLC purchased a new stake in CDW during the fourth quarter worth approximately $30,000. Rise Advisors LLC purchased a new position in CDW in the first quarter valued at approximately $34,000. Finally, Orion Capital Management LLC acquired a new stake in CDW during the third quarter worth approximately $35,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

CDW Stock Down 0.1 %

Shares of NASDAQ:CDW opened at $223.84 on Monday. The company has a market cap of $30.08 billion, a price-to-earnings ratio of 27.95, a PEG ratio of 3.30 and a beta of 1.04. CDW Co. has a fifty-two week low of $176.89 and a fifty-two week high of $263.37. The firm’s 50-day simple moving average is $227.37 and its 200-day simple moving average is $233.87. The company has a quick ratio of 1.13, a current ratio of 1.26 and a debt-to-equity ratio of 2.35.

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

CDW Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus reduced their price target on shares of CDW from $265.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. JPMorgan Chase & Co. reduced their target price on CDW from $280.00 to $265.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Barclays dropped their price target on CDW from $261.00 to $232.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 2nd. Evercore ISI increased their price objective on CDW from $250.00 to $300.00 and gave the company an “outperform” rating in a 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 for the company in a research report on Friday, June 7th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, CDW currently has a consensus 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.