CDW Co. (NASDAQ:CDW) is Professional Advisory Services Inc.'s 8th Largest Position

Professional Advisory Services Inc. lifted its position in CDW Co. (NASDAQ:CDW - Free Report) by 4.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 112,814 shares of the information technology services provider's stock after buying an additional 4,565 shares during the quarter. CDW makes up 3.4% of Professional Advisory Services Inc.'s investment portfolio, making the stock its 8th largest holding. Professional Advisory Services Inc. owned approximately 0.08% of CDW worth $25,530,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV lifted its position in shares of CDW by 5.9% during the first quarter. Massmutual Trust Co. FSB ADV now owns 767 shares of the information technology services provider's stock worth $196,000 after purchasing an additional 43 shares in the last quarter. RDA Financial Network lifted its holdings in CDW by 3.0% during the 2nd quarter. RDA Financial Network now owns 1,587 shares of the information technology services provider's stock worth $355,000 after buying an additional 46 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its position in CDW by 1.4% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,446 shares of the information technology services provider's stock valued at $881,000 after buying an additional 47 shares during the period. Oregon Public Employees Retirement Fund grew its stake in shares of CDW by 0.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 11,541 shares of the information technology services provider's stock worth $2,583,000 after acquiring an additional 54 shares in the last quarter. Finally, Smithfield Trust Co increased its position in shares of CDW by 4.1% during the first quarter. Smithfield Trust Co now owns 1,434 shares of the information technology services provider's stock worth $367,000 after acquiring an additional 57 shares during the period. Institutional investors and hedge funds own 93.15% of the company's stock.

Insider Buying and Selling at CDW

In other CDW news, insider Christine A. Leahy purchased 1,200 shares of the firm's stock in a transaction that occurred on Thursday, August 1st. The stock was purchased at an average price of $216.15 per share, for a total transaction of $259,380.00. Following the purchase, the insider now directly owns 102,200 shares in the company, valued at approximately $22,090,530. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

CDW has been the subject of a number of recent research reports. Barclays decreased their target price on CDW from $232.00 to $229.00 and set an "equal weight" rating for the company in a report on Thursday, August 1st. Citigroup cut CDW from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $250.00 to $245.00 in a research note on Tuesday, October 1st. Finally, Stifel Nicolaus upped their target price on shares of CDW from $250.00 to $260.00 and gave the stock a "buy" rating in a research note on Wednesday, July 17th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $255.00.

CDW Stock Down 1.3 %

Shares of NASDAQ:CDW traded down $2.87 during trading on Friday, hitting $218.31. 933,400 shares of the company were exchanged, compared to its average volume of 817,209. The firm's 50 day moving average price is $221.37 and its 200-day moving average price is $226.38. CDW Co. has a 12-month low of $185.04 and a 12-month high of $263.37. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.13 and a quick ratio of 1.02. The stock has a market capitalization of $29.34 billion, a P/E ratio of 27.29, a PEG ratio of 3.42 and a beta of 1.03.

CDW (NASDAQ:CDW - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The information technology services provider reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $5.43 billion. During the same quarter in the prior year, the company earned $2.43 EPS. The business's revenue was down 3.6% on a year-over-year basis. On average, research analysts predict that CDW Co. will post 9.4 earnings per share for the current fiscal year.

CDW Announces Dividend

The company also recently declared 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. This represents a $2.48 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Monday, August 26th. CDW's dividend payout ratio (DPR) is 30.96%.

About CDW

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.