255 Shares in CDW Co. (NASDAQ:CDW) Acquired by Scarborough Advisors LLC

Scarborough Advisors LLC purchased a new stake in CDW Co. (NASDAQ:CDW) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 255 shares of the information technology services provider’s stock, valued at approximately $58,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CDW. Forthright Family Wealth Advisory LLC bought a new position in shares of CDW during the fourth quarter worth about $232,000. American International Group Inc. grew its stake in shares of CDW by 24.2% during the 4th quarter. American International Group Inc. now owns 46,228 shares of the information technology services provider’s stock worth $10,509,000 after acquiring an additional 9,003 shares in the last quarter. EP Wealth Advisors LLC raised its holdings in shares of CDW by 78.8% in the fourth quarter. EP Wealth Advisors LLC now owns 4,214 shares of the information technology services provider’s stock valued at $958,000 after purchasing an additional 1,857 shares during the last quarter. Virtu Financial LLC lifted its position in shares of CDW by 60.2% in the fourth quarter. Virtu Financial LLC now owns 2,579 shares of the information technology services provider’s stock worth $586,000 after purchasing an additional 969 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings in CDW by 7.5% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 135,232 shares of the information technology services provider’s stock worth $30,741,000 after purchasing an additional 9,489 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

CDW Trading Up 1.4 %

Shares of CDW stock opened at $226.35 on Tuesday. CDW Co. has a 1 year low of $170.96 and a 1 year high of $263.37. The company has a market capitalization of $30.42 billion, a price-to-earnings ratio of 28.26, a P/E/G ratio of 3.29 and a beta of 1.06. The business has a fifty day simple moving average of $229.89 and a two-hundred day simple moving average of $232.93. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.26 and a quick ratio of 1.13.

CDW (NASDAQ:CDW) last announced its earnings results on Wednesday, May 1st. The information technology services provider reported $1.89 EPS for the quarter, missing the consensus estimate of $2.04 by ($0.15). The company had revenue of $4.87 billion for the quarter, compared to the consensus estimate of $4.94 billion. CDW had a return on equity of 67.56% and a net margin of 5.16%. Research analysts forecast that CDW Co. will post 9.67 EPS for the current year.

CDW Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Friday, May 24th were given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 1.10%. The ex-dividend date was Thursday, May 23rd. CDW’s payout ratio is 30.96%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CDW. Stifel Nicolaus lowered their price target on shares of CDW from $265.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Evercore ISI lifted their target price on CDW from $250.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Citigroup decreased their price target on CDW from $295.00 to $260.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. JPMorgan Chase & Co. dropped their price objective on CDW from $280.00 to $265.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Finally, Northcoast Research raised CDW from a “neutral” rating to a “buy” rating and set a $270.00 price objective for the company in a report on Friday, June 7th. Three research analysts have rated the stock with a hold rating and seven 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 target price of $250.00.

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