OneAscent Financial Services LLC Has $655,000 Stake in CDW Co. (NASDAQ:CDW)

OneAscent Financial Services LLC boosted its position in CDW Co. (NASDAQ:CDW) by 8.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,562 shares of the information technology services provider’s stock after buying an additional 202 shares during the period. OneAscent Financial Services LLC’s holdings in CDW were worth $655,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Tsfg LLC acquired a new position in shares of CDW during the first quarter valued at about $26,000. VisionPoint Advisory Group LLC acquired a new position in shares of CDW during the third quarter valued at about $28,000. Larson Financial Group LLC acquired a new position in shares of CDW during the fourth quarter valued at about $30,000. Rise Advisors LLC acquired a new position in shares of CDW during the first quarter valued at about $34,000. Finally, Orion Capital Management LLC acquired a new position in shares of CDW during the third quarter valued at about $35,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

CDW Stock Down 0.1 %

CDW opened at $223.84 on Friday. The company has a 50 day moving average of $227.37 and a 200 day moving average of $233.76. The company has a market cap of $30.08 billion, a PE ratio of 27.95, a price-to-earnings-growth ratio of 3.30 and a beta of 1.06. CDW Co. has a 12 month low of $176.89 and a 12 month high of $263.37. The company has a current ratio of 1.26, a quick ratio of 1.13 and a debt-to-equity ratio of 2.35.

CDW (NASDAQ:CDW) last released its quarterly earnings data 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 business had revenue of $4.87 billion during 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%. On average, sell-side analysts expect 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. Shareholders of record on Friday, May 24th were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 1.11%. The ex-dividend date was Thursday, May 23rd. CDW’s dividend payout ratio is presently 30.96%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Evercore ISI upped their target price on shares of CDW from $250.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Stifel Nicolaus lowered their target price on shares of CDW from $265.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. JPMorgan Chase & Co. lowered their target price on shares of CDW from $280.00 to $265.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Barclays lowered their target price on shares of CDW from $261.00 to $232.00 and set an “equal weight” rating on the stock in a report on Thursday, May 2nd. Finally, Citigroup lowered their target price on shares of CDW from $295.00 to $260.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, CDW presently has an average rating of “Moderate Buy” and a consensus target price of $250.00.

CDW 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.