1,244 Shares in CDW Co. (NASDAQ:CDW) Bought by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC purchased a new position in shares of CDW Co. (NASDAQ:CDWFree Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,244 shares of the information technology services provider’s stock, valued at approximately $283,000.

A number of other hedge funds have also bought and sold shares of the business. OFI Invest Asset Management bought a new stake in shares of CDW in the third quarter valued at $25,000. VisionPoint Advisory Group LLC bought a new stake in shares of CDW in the third quarter valued at $28,000. Larson Financial Group LLC purchased a new position in shares of CDW in the fourth quarter valued at $30,000. Orion Capital Management LLC purchased a new stake in CDW during the 3rd quarter worth about $35,000. Finally, ORG Partners LLC purchased a new stake in CDW during the 4th quarter worth about $36,000. 93.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on CDW shares. Stifel Nicolaus dropped their price objective on CDW from $265.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Barclays dropped their price objective on CDW from $261.00 to $232.00 and set an “equal weight” rating on the stock in a report on Thursday, May 2nd. Citigroup dropped their price objective on CDW from $295.00 to $260.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. JPMorgan Chase & Co. dropped their price objective on CDW from $280.00 to $265.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Finally, Evercore ISI increased their price objective on CDW from $250.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $247.50.

View Our Latest Report on CDW

CDW Trading Up 0.9 %

NASDAQ CDW traded up $1.97 on Wednesday, hitting $223.55. The company’s stock had a trading volume of 204,635 shares, compared to its average volume of 712,306. CDW Co. has a 52-week low of $167.57 and a 52-week high of $263.37. The company has a current ratio of 1.26, a quick ratio of 1.13 and a debt-to-equity ratio of 2.35. The company’s 50-day simple moving average is $242.30 and its 200 day simple moving average is $230.55. The firm has a market cap of $30.05 billion, a P/E ratio of 27.66, a PEG ratio of 3.27 and a beta of 1.09.

CDW Dividend Announcement

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

CDW declared that its board has approved a share buyback plan on Wednesday, February 7th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the information technology services provider to buy up to 2.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

CDW Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for CDW (NASDAQ:CDW)

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