190 Shares in CDW Co. (NASDAQ:CDW) Acquired by Ashton Thomas Securities LLC

Ashton Thomas Securities LLC acquired a new stake in shares of CDW Co. (NASDAQ:CDW) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 190 shares of the information technology services provider’s stock, valued at approximately $43,000.

A number of other large investors have also added to or reduced their stakes in CDW. Acadian Asset Management LLC grew its holdings in shares of CDW by 211.5% during the first quarter. Acadian Asset Management LLC now owns 44,205 shares of the information technology services provider’s stock valued at $11,302,000 after buying an additional 30,012 shares during the last quarter. Peak Financial Advisors LLC purchased a new position in shares of CDW in the second quarter worth $2,854,000. M&G Plc bought a new position in shares of CDW during the first quarter valued at $8,528,000. Virtu Financial LLC boosted its position in shares of CDW by 175.9% during the first quarter. Virtu Financial LLC now owns 7,115 shares of the information technology services provider’s stock valued at $1,820,000 after buying an additional 4,536 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board increased its holdings in CDW by 71.4% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 8,075 shares of the information technology services provider’s stock worth $2,065,000 after buying an additional 3,365 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. cut shares of CDW from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $260.00 to $235.00 in a research note on Monday, October 28th. Barclays dropped their target price on shares of CDW from $229.00 to $201.00 and set an “equal weight” rating on the stock in a report on Thursday, October 31st. Citigroup lowered shares of CDW from a “buy” rating to a “neutral” rating and decreased their target price for the company from $250.00 to $245.00 in a research note on Tuesday, October 1st. Finally, Stifel Nicolaus raised their price target on CDW from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $246.71.

CDW Stock Down 3.1 %

Shares of CDW stock opened at $186.01 on Thursday. The company has a current ratio of 1.40, a quick ratio of 1.28 and a debt-to-equity ratio of 2.39. CDW Co. has a 12 month low of $185.70 and a 12 month high of $263.37. The stock has a market cap of $24.79 billion, a P/E ratio of 22.74, a P/E/G ratio of 5.35 and a beta of 1.05. The company has a 50 day simple moving average of $214.86 and a two-hundred day simple moving average of $220.81.

CDW (NASDAQ:CDW) last posted its quarterly earnings data on Wednesday, October 30th. The information technology services provider reported $2.63 EPS for the quarter, missing the consensus estimate of $2.68 by ($0.05). The company had revenue of $5.52 billion during the quarter, compared to analysts’ expectations of $5.72 billion. CDW had a return on equity of 58.31% and a net margin of 5.33%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter last year, the company earned $2.60 earnings per share. On average, research analysts expect that CDW Co. will post 9.05 earnings per share for the current year.

CDW Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be given a dividend of $0.625 per share. This is a boost from CDW’s previous quarterly dividend of $0.62. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Monday, November 25th. CDW’s payout ratio is presently 30.32%.

CDW 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.