Compass Ion Advisors LLC Raises Holdings in CDW Co. (NASDAQ:CDW)

Compass Ion Advisors LLC boosted its stake in shares of CDW Co. (NASDAQ:CDW) by 3.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,294 shares of the information technology services provider’s stock after acquiring an additional 280 shares during the quarter. Compass Ion Advisors LLC’s holdings in CDW were worth $1,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the business. Tsfg LLC purchased a new position in shares of CDW in the first quarter valued at about $26,000. Quest Partners LLC purchased a new position in shares of CDW during the 2nd quarter valued at about $35,000. ORG Partners LLC purchased a new position in shares of CDW in the 2nd quarter valued at about $34,000. Summit Securities Group LLC purchased a new position in shares of CDW in the 2nd quarter valued at about $40,000. Finally, Continuum Advisory LLC increased its stake in shares of CDW by 1,692.3% in the 2nd quarter. Continuum Advisory LLC now owns 233 shares of the information technology services provider’s stock valued at $52,000 after purchasing an additional 220 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Analysts Set New Price Targets

CDW has been the subject of a number of recent analyst reports. Barclays dropped their price target on shares of CDW from $232.00 to $229.00 and set an “equal weight” rating for the company in a research report on Thursday, August 1st. Stifel Nicolaus boosted their price objective on shares of CDW from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Finally, Citigroup lowered shares of CDW from a “buy” rating to a “neutral” rating and reduced their target price for the company from $250.00 to $245.00 in a report on Tuesday, October 1st. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, CDW presently has a consensus rating of “Moderate Buy” and a consensus price target of $255.00.

CDW Stock Performance

CDW traded down $2.87 during trading on Friday, reaching $218.31. 933,605 shares of the company’s stock were exchanged, compared to its average volume of 817,209. CDW Co. has a fifty-two week low of $185.04 and a fifty-two week high of $263.37. The company has a quick ratio of 1.02, a current ratio of 1.13 and a debt-to-equity ratio of 2.03. The business has a 50 day moving average price of $221.46 and a 200 day moving average price of $225.96. The company has a market capitalization of $29.34 billion, a P/E ratio of 27.25, a PEG ratio of 3.42 and a beta of 1.03.

CDW (NASDAQ:CDW) last announced its quarterly earnings results on Wednesday, July 31st. The information technology services provider reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $2.39 by ($0.05). CDW had a net margin of 5.29% and a return on equity of 62.22%. The company had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.43 billion. During the same period last year, the company earned $2.43 earnings per share. The business’s revenue was down 3.6% compared to the same quarter last year. As a group, analysts predict that CDW Co. will post 9.4 earnings per share for the current fiscal year.

CDW Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were given a dividend of $0.62 per share. The ex-dividend date was Monday, August 26th. This represents a $2.48 dividend on an annualized basis and a yield of 1.14%. CDW’s dividend payout ratio (DPR) is 30.96%.

Insider Buying and Selling at CDW

In related news, insider Christine A. Leahy acquired 1,200 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was purchased at an average cost of $216.15 per share, with a total value of $259,380.00. Following the acquisition, the insider now directly owns 102,200 shares of the company’s stock, valued at approximately $22,090,530. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.90% of the company’s stock.

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.