CDW Co. (NASDAQ:CDW) Shares Acquired by Personal CFO Solutions LLC

Personal CFO Solutions LLC lifted its position in CDW Co. (NASDAQ:CDW) by 65.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 1,865 shares of the information technology services provider’s stock after purchasing an additional 741 shares during the quarter. Personal CFO Solutions LLC’s holdings in CDW were worth $342,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of CDW. Envestnet Asset Management Inc. grew its position in CDW by 284.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,040,506 shares of the information technology services provider’s stock worth $95,838,000 after purchasing an additional 1,509,778 shares during the period. FMR LLC increased its holdings in shares of CDW by 25.8% during the 1st quarter. FMR LLC now owns 7,062,063 shares of the information technology services provider’s stock valued at $1,376,326,000 after purchasing an additional 1,447,117 shares in the last quarter. Morgan Stanley lifted its stake in shares of CDW by 130.7% in the 4th quarter. Morgan Stanley now owns 2,442,301 shares of the information technology services provider’s stock valued at $436,146,000 after purchasing an additional 1,383,869 shares during the period. Boston Partners purchased a new stake in CDW during the second quarter worth $151,752,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in CDW by 789.0% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 861,550 shares of the information technology services provider’s stock valued at $167,907,000 after buying an additional 764,639 shares during the period. Institutional investors and hedge funds own 93.04% of the company’s stock.

CDW Stock Performance

NASDAQ:CDW opened at $215.29 on Monday. The company has a market cap of $28.84 billion, a P/E ratio of 26.88, a P/E/G ratio of 1.79 and a beta of 1.11. CDW Co. has a twelve month low of $160.66 and a twelve month high of $219.71. The company’s 50-day moving average price is $206.46 and its 200-day moving average price is $193.40. The company has a current ratio of 1.35, a quick ratio of 1.20 and a debt-to-equity ratio of 3.13.

CDW Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Friday, November 24th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 1.15%. This is a positive change from CDW’s previous quarterly dividend of $0.59. The ex-dividend date is Wednesday, November 22nd. CDW’s dividend payout ratio (DPR) is 29.46%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Evercore ISI upped their price objective on shares of CDW from $215.00 to $250.00 in a research report on Thursday, October 12th. UBS Group started coverage on CDW in a report on Tuesday, October 3rd. They issued a “buy” rating and a $237.00 price objective on the stock. StockNews.com began coverage on shares of CDW in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Morgan Stanley reduced their price objective on shares of CDW from $230.00 to $216.00 and set an “overweight” rating for the company in a research report on Thursday, November 2nd. Finally, Barclays lifted their target price on shares of CDW from $216.00 to $219.00 and gave the company an “equal weight” rating in a research report on Thursday, November 2nd. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $213.20.

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, hybrid, and cloud capabilities across hybrid infrastructure, digital experience, and security.