Wilmington Savings Fund Society FSB Buys Shares of 4,299 CDW Co. (NASDAQ:CDW)

Wilmington Savings Fund Society FSB acquired a new position in shares of CDW Co. (NASDAQ:CDW - Free Report) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 4,299 shares of the information technology services provider's stock, valued at approximately $973,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CDW. PDS Planning Inc grew its stake in shares of CDW by 4.3% during the third quarter. PDS Planning Inc now owns 1,186 shares of the information technology services provider's stock valued at $268,000 after acquiring an additional 49 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of CDW by 0.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 11,541 shares of the information technology services provider's stock valued at $2,583,000 after acquiring an additional 54 shares in the last quarter. Profund Advisors LLC grew its stake in shares of CDW by 0.5% during the second quarter. Profund Advisors LLC now owns 12,469 shares of the information technology services provider's stock valued at $2,791,000 after acquiring an additional 58 shares in the last quarter. OneAscent Wealth Management LLC grew its stake in shares of CDW by 2.5% during the third quarter. OneAscent Wealth Management LLC now owns 2,387 shares of the information technology services provider's stock valued at $540,000 after acquiring an additional 58 shares in the last quarter. Finally, Fulcrum Equity Management grew its stake in shares of CDW by 4.3% during the third quarter. Fulcrum Equity Management now owns 1,442 shares of the information technology services provider's stock valued at $326,000 after acquiring an additional 60 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

CDW Stock Down 1.1 %

Shares of CDW stock traded down $1.99 on Friday, hitting $176.06. The company's stock had a trading volume of 1,392,708 shares, compared to its average volume of 924,618. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.40 and a quick ratio of 1.28. CDW Co. has a fifty-two week low of $172.95 and a fifty-two week high of $263.37. The firm's fifty day moving average price is $196.12 and its 200-day moving average price is $213.43. The stock has a market capitalization of $23.46 billion, a price-to-earnings ratio of 21.52, a P/E/G ratio of 5.01 and a beta of 1.02.

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

CDW Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 25th were issued a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Monday, November 25th. This is an increase from CDW's previous quarterly dividend of $0.62. CDW's dividend payout ratio (DPR) is 30.56%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Redburn Atlantic assumed coverage on shares of CDW in a research report on Friday, November 15th. They set a "buy" rating and a $230.00 price target on the stock. Citigroup cut shares of CDW from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $250.00 to $245.00 in a research report on Tuesday, October 1st. Barclays reduced their price target on shares of CDW from $229.00 to $201.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. cut shares of CDW from an "overweight" rating to a "neutral" rating and reduced their price target for the stock from $260.00 to $235.00 in a research report on Monday, October 28th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $248.71.

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.