HB Wealth Management LLC Has $395,000 Position in CDW Co. (NASDAQ:CDW)

HB Wealth Management LLC grew its stake in CDW Co. (NASDAQ:CDW) by 5.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,543 shares of the information technology services provider’s stock after buying an additional 75 shares during the period. HB Wealth Management LLC’s holdings in CDW were worth $395,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Tsfg LLC acquired a new position in CDW in the first quarter valued at $26,000. VisionPoint Advisory Group LLC acquired a new stake in shares of CDW in the 3rd quarter worth about $28,000. Larson Financial Group LLC acquired a new stake in shares of CDW in the 4th quarter worth about $30,000. Rise Advisors LLC acquired a new stake in shares of CDW in the 1st quarter worth about $34,000. Finally, Orion Capital Management LLC acquired a new stake in shares of CDW in the 3rd quarter worth about $35,000. 93.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CDW. 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. Evercore ISI upped their price objective on shares of CDW from $250.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Stifel Nicolaus reduced their price objective on shares of CDW from $265.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. JPMorgan Chase & Co. reduced their target price 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. Finally, Citigroup reduced their target price on shares of CDW from $295.00 to $260.00 and set a “buy” 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 issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $250.00.

CDW Price Performance

NASDAQ CDW traded down $1.73 on Friday, hitting $216.38. The stock had a trading volume of 315,914 shares, compared to its average volume of 778,638. The firm has a 50-day moving average of $225.61 and a 200-day moving average of $233.62. The company has a debt-to-equity ratio of 2.35, a quick ratio of 1.13 and a current ratio of 1.26. The company has a market capitalization of $29.08 billion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 3.21 and a beta of 1.04. CDW Co. has a 52-week low of $180.38 and a 52-week high of $263.37.

CDW (NASDAQ:CDW) last posted its quarterly earnings data 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 company 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%. Equities analysts expect that CDW Co. will post 9.67 EPS for the current year.

CDW Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Friday, May 24th were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Thursday, May 23rd. CDW’s dividend payout ratio (DPR) is presently 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.