Buckley Wealth Management LLC Purchases 124 Shares of CDW Co. (NASDAQ:CDW)

Buckley Wealth Management LLC grew its position in CDW Co. (NASDAQ:CDW) by 4.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,028 shares of the information technology services provider’s stock after purchasing an additional 124 shares during the period. Buckley Wealth Management LLC’s holdings in CDW were worth $685,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in CDW by 4.6% in the first quarter. Vanguard Group Inc. now owns 16,407,542 shares of the information technology services provider’s stock valued at $4,196,721,000 after acquiring an additional 714,393 shares during the period. Perpetual Ltd bought a new position in shares of CDW during the 3rd quarter valued at about $158,300,000. Lazard Asset Management LLC grew its position in shares of CDW by 225.9% in the 1st quarter. Lazard Asset Management LLC now owns 881,586 shares of the information technology services provider’s stock valued at $225,491,000 after purchasing an additional 611,054 shares during the period. Ceredex Value Advisors LLC bought a new stake in CDW during the 2nd quarter worth approximately $79,549,000. Finally, Canada Pension Plan Investment Board raised its holdings in CDW by 2,045.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 294,302 shares of the information technology services provider’s stock worth $65,877,000 after buying an additional 280,584 shares during the period. 93.15% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Christine A. Leahy acquired 1,200 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was bought at an average price of $216.15 per share, with a total value of $259,380.00. Following the transaction, the insider now directly owns 102,200 shares in the company, valued at approximately $22,090,530. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CDW. Stifel Nicolaus upped 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 shares of CDW from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $250.00 to $245.00 in a research note on Tuesday, October 1st. Finally, Barclays dropped their price target on CDW from $232.00 to $229.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $255.00.

CDW Stock Down 1.3 %

CDW stock traded down $2.87 during midday trading on Friday, hitting $218.31. The company’s stock had a trading volume of 933,605 shares, compared to its average volume of 817,209. The company’s fifty day moving average price is $221.46 and its 200 day moving average price is $225.96. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.13 and a quick ratio of 1.02. CDW Co. has a twelve month low of $185.04 and a twelve month high of $263.37. The stock has a market capitalization of $29.34 billion, a P/E ratio of 27.25, a PEG ratio of 3.42 and a beta of 1.03.

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

CDW Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were paid a $0.62 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $2.48 annualized dividend and a dividend yield of 1.14%. CDW’s dividend payout ratio 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.