Arkadios Wealth Advisors decreased its position in CDW Co. (NASDAQ:CDW) by 37.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 610 shares of the information technology services provider’s stock after selling 372 shares during the quarter. Arkadios Wealth Advisors’ holdings in CDW were worth $80,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. RMR Wealth Builders purchased a new position in shares of CDW in the 2nd quarter valued at $28,000. Meeder Asset Management Inc. lifted its holdings in shares of CDW by 76.6% during the third quarter. Meeder Asset Management Inc. now owns 242 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 105 shares during the period. Rockefeller Capital Management L.P. lifted its stake in shares of CDW by 70.9% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 299 shares of the information technology services provider’s stock worth $35,000 after acquiring an additional 124 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in CDW in the 2nd quarter valued at approximately $46,000. Finally, Braun Bostich & Associates Inc. purchased a new stake in shares of CDW in the third quarter valued at approximately $46,000. 80.97% of the stock is owned by institutional investors and hedge funds.
NASDAQ:CDW opened at $131.95 on Friday. CDW Co. has a 1-year low of $73.39 and a 1-year high of $146.95. The firm has a 50 day simple moving average of $130.07 and a 200-day simple moving average of $117.43. The firm has a market cap of $18.87 billion, a PE ratio of 26.03, a P/E/G ratio of 1.75 and a beta of 1.17. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.50 and a quick ratio of 1.33.
CDW (NASDAQ:CDW) last posted its quarterly earnings results on Monday, November 2nd. The information technology services provider reported $1.83 EPS for the quarter, beating the consensus estimate of $1.51 by $0.32. The company had revenue of $4.76 billion during the quarter, compared to analysts’ expectations of $4.57 billion. CDW had a return on equity of 88.43% and a net margin of 4.08%. The firm’s revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.70 EPS. As a group, sell-side analysts expect that CDW Co. will post 6.08 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 25th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.21%. This is an increase from CDW’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Tuesday, November 24th. CDW’s payout ratio is presently 25.25%.
A number of brokerages have recently weighed in on CDW. BidaskClub upgraded CDW from a “hold” rating to a “buy” rating in a research report on Thursday, November 5th. Zacks Investment Research cut shares of CDW from a “buy” rating to a “hold” rating and set a $132.00 target price for the company. in a research report on Tuesday, October 6th. Smith Barney Citigroup upped their price target on shares of CDW from $140.00 to $145.00 in a report on Tuesday, November 3rd. Credit Suisse Group raised their price objective on shares of CDW from $127.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 3rd. Finally, Morgan Stanley lifted their price objective on CDW from $136.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. CDW currently has a consensus rating of “Hold” and an average target price of $134.60.
CDW Corporation provides integrated information technology (IT) solutions to business, government, education, and healthcare customers 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, as well as integrated IT solutions, including mobility, security, data center optimization, cloud computing, virtualization, and collaboration.
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