EP Wealth Advisors LLC Increases Stake in CDW Co. (NASDAQ:CDW)

EP Wealth Advisors LLC grew its position in CDW Co. (NASDAQ:CDW) by 25.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,283 shares of the information technology services provider’s stock after acquiring an additional 1,069 shares during the quarter. EP Wealth Advisors LLC’s holdings in CDW were worth $1,351,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Tsfg LLC purchased a new position in CDW in the 1st quarter worth about $26,000. Rise Advisors LLC bought a new position in CDW during the 1st quarter worth about $34,000. Larson Financial Group LLC bought a new position in CDW during the 4th quarter worth about $30,000. ORG Partners LLC bought a new position in CDW during the 4th quarter worth about $36,000. Finally, Oakworth Capital Inc. bought a new position in CDW during the 4th quarter worth about $36,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Insider Activity

In related news, insider Sona Chawla sold 18,437 shares of CDW stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $240.45, for a total value of $4,433,176.65. Following the sale, the insider now owns 22,428 shares of the company’s stock, valued at approximately $5,392,812.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of CDW from $250.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Citigroup lowered 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. Northcoast Research upgraded shares of CDW from a “neutral” rating to a “buy” rating and set a $270.00 price target on the stock in a report on Friday, June 7th. Barclays lowered their price target 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, JPMorgan Chase & Co. decreased their price objective on shares of CDW from $280.00 to $265.00 and set an “overweight” rating for the company in a research 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $251.11.

CDW Stock Performance

Shares of NASDAQ:CDW traded up $1.12 during trading on Friday, hitting $229.74. 988,622 shares of the stock traded hands, compared to its average volume of 859,436. 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 company has a market cap of $30.88 billion, a price-to-earnings ratio of 28.68, a P/E/G ratio of 3.37 and a beta of 1.04. The company has a fifty day moving average price of $226.33 and a two-hundred day moving average price of $234.08. CDW Co. has a 52-week low of $184.99 and a 52-week high of $263.37.

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

CDW Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Friday, May 24th were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend 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.