Ronald Blue Trust Inc. trimmed its position in shares of CDW Co. (NASDAQ:CDW – Free Report) by 79.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 169 shares of the information technology services provider’s stock after selling 634 shares during the period. Ronald Blue Trust Inc.’s holdings in CDW were worth $33,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of CDW. Dark Forest Capital Management LP boosted its position in shares of CDW by 86.9% during the fourth quarter. Dark Forest Capital Management LP now owns 157 shares of the information technology services provider’s stock worth $28,000 after acquiring an additional 73 shares during the last quarter. Altshuler Shaham Ltd bought a new position in shares of CDW during the fourth quarter worth $33,000. Orion Capital Management LLC bought a new position in shares of CDW during the first quarter worth $34,000. West Branch Capital LLC bought a new position in shares of CDW during the first quarter worth $39,000. Finally, Optimum Investment Advisors lifted its position in shares of CDW by 2,757.1% in the first quarter. Optimum Investment Advisors now owns 200 shares of the information technology services provider’s stock worth $39,000 after buying an additional 193 shares in the last quarter. 93.04% of the stock is currently owned by institutional investors.
CDW Stock Down 0.6 %
Shares of NASDAQ CDW opened at $201.76 on Friday. The company has a debt-to-equity ratio of 3.55, a current ratio of 1.30 and a quick ratio of 1.14. The company has a market cap of $27.05 billion, a P/E ratio of 25.67, a PEG ratio of 1.65 and a beta of 1.08. CDW Co. has a 1 year low of $147.91 and a 1 year high of $215.70. The firm has a 50-day simple moving average of $203.14 and a two-hundred day simple moving average of $187.47.
CDW Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Friday, August 25th were paid a $0.59 dividend. The ex-dividend date was Thursday, August 24th. This represents a $2.36 dividend on an annualized basis and a yield of 1.17%. CDW’s dividend payout ratio is currently 30.03%.
Analyst Ratings Changes
CDW has been the topic of a number of research analyst reports. Morgan Stanley boosted their target price on CDW from $200.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, August 3rd. Raymond James boosted their price target on shares of CDW from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. StockNews.com initiated coverage on shares of CDW in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. Barclays boosted their price target on shares of CDW from $198.00 to $216.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 3rd. Finally, Citigroup started coverage on shares of CDW in a research report on Thursday, June 29th. They issued a “buy” rating and a $205.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $207.00.
Read Our Latest Stock Report on CDW
About CDW
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.
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