CDW Co. (NASDAQ:CDW) Shares Acquired by Town & Country Bank & Trust CO dba First Bankers Trust CO

Town & Country Bank & Trust CO dba First Bankers Trust CO grew its position in CDW Co. (NASDAQ:CDW - Free Report) by 57.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,714 shares of the information technology services provider's stock after purchasing an additional 4,630 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO's holdings in CDW were worth $2,213,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA purchased a new position in shares of CDW during the third quarter worth about $416,111,000. Janus Henderson Group PLC boosted its position in shares of CDW by 7,029.1% in the 3rd quarter. Janus Henderson Group PLC now owns 1,466,597 shares of the information technology services provider's stock valued at $331,891,000 after purchasing an additional 1,446,025 shares during the period. Holocene Advisors LP purchased a new position in CDW during the 3rd quarter worth approximately $172,217,000. Perpetual Ltd acquired a new position in CDW during the third quarter worth approximately $158,300,000. Finally, Assenagon Asset Management S.A. lifted its stake in CDW by 7,549.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 256,271 shares of the information technology services provider's stock valued at $44,601,000 after buying an additional 252,921 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

CDW Trading Up 0.3 %

CDW traded up $0.52 during midday trading on Tuesday, hitting $194.56. The company's stock had a trading volume of 614,720 shares, compared to its average volume of 1,258,153. CDW Co. has a 52-week low of $168.43 and a 52-week high of $263.37. The firm has a 50-day moving average price of $180.11 and a two-hundred day moving average price of $204.14. The company has a current ratio of 1.40, a quick ratio of 1.28 and a debt-to-equity ratio of 2.39. The firm has a market cap of $25.93 billion, a P/E ratio of 23.79, a PEG ratio of 5.26 and a beta of 1.01.

CDW (NASDAQ:CDW - Get Free Report) last issued its earnings results on Wednesday, October 30th. The information technology services provider reported $2.63 EPS for the quarter, missing analysts' consensus estimates of $2.68 by ($0.05). The business had revenue of $5.52 billion during the quarter, compared to analysts' expectations of $5.72 billion. CDW had a net margin of 5.33% and a return on equity of 58.31%. The business's revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.60 EPS. On average, research analysts anticipate that CDW Co. will post 8.99 earnings per share for the current year.

CDW Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 25th were paid a dividend of $0.625 per share. This is an increase from CDW's previous quarterly dividend of $0.62. The ex-dividend date was Monday, November 25th. This represents a $2.50 annualized dividend and a yield of 1.28%. CDW's payout ratio is 30.56%.

Wall Street Analysts Forecast Growth

CDW has been the subject of several research reports. JPMorgan Chase & Co. cut shares of CDW from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $260.00 to $235.00 in a research note on Monday, October 28th. Morgan Stanley increased their target price on shares of CDW from $190.00 to $193.00 and gave the stock an "equal weight" rating in a research note on Monday, December 16th. Citigroup cut CDW from a "buy" rating to a "neutral" rating and dropped their price target for the company from $250.00 to $245.00 in a research report on Tuesday, October 1st. UBS Group reduced their price objective on CDW from $233.00 to $220.00 and set a "buy" rating for the company in a research note on Tuesday, January 7th. Finally, Barclays cut their price target on CDW from $229.00 to $201.00 and set an "equal weight" rating for the company in a research note on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, CDW presently has an average rating of "Moderate Buy" and an average target price of $239.33.

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.