Compass Ion Advisors LLC Sells 316 Shares of CDW Co. (NASDAQ:CDW)

Compass Ion Advisors LLC lessened its holdings in shares of CDW Co. (NASDAQ:CDW) by 3.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,978 shares of the information technology services provider’s stock after selling 316 shares during the quarter. Compass Ion Advisors LLC’s holdings in CDW were worth $1,388,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CDW. Intech Investment Management LLC increased its stake in CDW by 1,080.2% in the 4th quarter. Intech Investment Management LLC now owns 115,307 shares of the information technology services provider’s stock worth $20,068,000 after acquiring an additional 105,537 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in CDW by 1.8% in the 4th quarter. Thrivent Financial for Lutherans now owns 610,948 shares of the information technology services provider’s stock worth $106,356,000 after acquiring an additional 11,048 shares during the last quarter. PDS Planning Inc increased its stake in CDW by 18.9% in the 4th quarter. PDS Planning Inc now owns 1,410 shares of the information technology services provider’s stock worth $245,000 after acquiring an additional 224 shares during the last quarter. Signaturefd LLC increased its stake in CDW by 2.7% in the 4th quarter. Signaturefd LLC now owns 2,706 shares of the information technology services provider’s stock worth $471,000 after acquiring an additional 72 shares during the last quarter. Finally, Cibc World Markets Corp increased its stake in CDW by 13.5% in the 4th quarter. Cibc World Markets Corp now owns 23,972 shares of the information technology services provider’s stock worth $4,172,000 after acquiring an additional 2,842 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CDW. Morgan Stanley boosted their target price on CDW from $193.00 to $201.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. UBS Group cut their target price on CDW from $233.00 to $220.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Finally, Barclays boosted their target price on CDW from $201.00 to $223.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $242.67.

CDW Price Performance

CDW opened at $170.76 on Wednesday. The business has a fifty day moving average of $185.18 and a 200 day moving average of $194.11. CDW Co. has a 52-week low of $162.84 and a 52-week high of $263.37. The company has a quick ratio of 1.24, a current ratio of 1.35 and a debt-to-equity ratio of 2.38. The stock has a market cap of $22.62 billion, a P/E ratio of 21.43, a PEG ratio of 3.21 and a beta of 1.01.

CDW (NASDAQ:CDW) last posted its quarterly earnings data on Wednesday, February 5th. The information technology services provider reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.33 by $0.07. CDW had a return on equity of 55.42% and a net margin of 5.13%. As a group, sell-side analysts anticipate that CDW Co. will post 9.41 EPS for the current year.

CDW announced that its Board of Directors has authorized a stock buyback program on Wednesday, February 5th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the information technology services provider to purchase up to 2.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

CDW Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were issued a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date was Tuesday, February 25th. CDW’s payout ratio is currently 31.37%.

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.