Compass Ion Advisors LLC Reduces Position in CDW Co. (NASDAQ:CDW)

Compass Ion Advisors LLC trimmed its position in CDW Co. (NASDAQ:CDW) by 37.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,014 shares of the information technology services provider’s stock after selling 4,859 shares during the quarter. Compass Ion Advisors LLC’s holdings in CDW were worth $2,050,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Tsfg LLC bought a new position in shares of CDW during the first quarter valued at approximately $26,000. VisionPoint Advisory Group LLC bought a new position in CDW in the third quarter worth about $28,000. Larson Financial Group LLC bought a new stake in CDW during the 4th quarter valued at approximately $30,000. Rise Advisors LLC purchased a new position in shares of CDW during the 1st quarter worth approximately $34,000. Finally, Orion Capital Management LLC bought a new position in shares of CDW in the 3rd quarter worth approximately $35,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Evercore ISI boosted their price objective on shares of CDW from $250.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, March 22nd. Stifel Nicolaus lowered their price objective on CDW from $265.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Barclays cut their price objective on shares of CDW from $261.00 to $232.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 2nd. Northcoast Research raised shares of CDW from a “neutral” rating to a “buy” rating and set a $270.00 target price for the company in a report on Friday, June 7th. Finally, Citigroup cut their price target 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 equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, CDW currently has an average rating of “Moderate Buy” and a consensus price target of $250.00.

CDW Price Performance

Shares of CDW stock opened at $223.84 on Monday. The company has a market capitalization of $30.08 billion, a price-to-earnings ratio of 27.95, a PEG ratio of 3.30 and a beta of 1.04. The company has a quick ratio of 1.13, a current ratio of 1.26 and a debt-to-equity ratio of 2.35. The stock’s 50-day simple moving average is $227.37 and its 200-day simple moving average is $233.87. CDW Co. has a 52 week low of $176.89 and a 52 week high of $263.37.

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

CDW Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Friday, May 24th were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Thursday, May 23rd. CDW’s dividend payout ratio (DPR) is 30.96%.

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.