CDW Co. (NASDAQ:CDW) Holdings Decreased by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC lessened its holdings in CDW Co. (NASDAQ:CDW) by 8.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 205,118 shares of the information technology services provider’s stock after selling 19,592 shares during the quarter. Bartlett & CO. Wealth Management LLC owned approximately 0.15% of CDW worth $46,418,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV lifted its stake in CDW by 5.9% in the first quarter. Massmutual Trust Co. FSB ADV now owns 767 shares of the information technology services provider’s stock valued at $196,000 after buying an additional 43 shares during the last quarter. RDA Financial Network boosted its stake in CDW by 3.0% during the 2nd quarter. RDA Financial Network now owns 1,587 shares of the information technology services provider’s stock valued at $355,000 after purchasing an additional 46 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its position in CDW by 1.4% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,446 shares of the information technology services provider’s stock worth $881,000 after purchasing an additional 47 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of CDW by 0.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 11,541 shares of the information technology services provider’s stock valued at $2,583,000 after purchasing an additional 54 shares during the period. Finally, Smithfield Trust Co raised its holdings in shares of CDW by 4.1% during the first quarter. Smithfield Trust Co now owns 1,434 shares of the information technology services provider’s stock valued at $367,000 after buying an additional 57 shares during the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

CDW Price Performance

Shares of CDW stock opened at $218.31 on Friday. CDW Co. has a 52 week low of $185.04 and a 52 week high of $263.37. The company has a current ratio of 1.13, a quick ratio of 1.02 and a debt-to-equity ratio of 2.03. The stock has a market cap of $29.34 billion, a PE ratio of 27.25, a price-to-earnings-growth ratio of 3.42 and a beta of 1.03. The company’s 50-day moving average price is $221.37 and its two-hundred day moving average price is $226.38.

CDW (NASDAQ:CDW) last released its earnings results on Wednesday, July 31st. The information technology services provider reported $2.34 EPS for the quarter, missing the consensus estimate of $2.39 by ($0.05). The business had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.43 billion. CDW had a net margin of 5.29% and a return on equity of 62.22%. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the prior year, the company earned $2.43 earnings per share. As a group, sell-side analysts anticipate that CDW Co. will post 9.4 EPS for the current fiscal year.

CDW Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend was Monday, August 26th. CDW’s dividend payout ratio (DPR) is presently 30.96%.

Insider Activity

In related news, insider Christine A. Leahy purchased 1,200 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were purchased at an average price of $216.15 per share, with a total value of $259,380.00. Following the purchase, the insider now owns 102,200 shares of the company’s stock, valued at $22,090,530. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 0.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on CDW. Citigroup lowered CDW from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $250.00 to $245.00 in a report on Tuesday, October 1st. Stifel Nicolaus boosted their price target on CDW from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Finally, Barclays lowered their price target on CDW from $232.00 to $229.00 and set an “equal weight” rating on the stock in a report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $255.00.

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.