MCF Advisors LLC Has $125,000 Stake in CDW Co. (NASDAQ:CDW)

MCF Advisors LLC lessened its position in CDW Co. (NASDAQ:CDW) by 28.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 718 shares of the information technology services provider’s stock after selling 291 shares during the period. MCF Advisors LLC’s holdings in CDW were worth $125,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CDW. Federated Hermes Inc. raised its holdings in CDW by 88.2% in the 2nd quarter. Federated Hermes Inc. now owns 1,137 shares of the information technology services provider’s stock valued at $255,000 after buying an additional 533 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of CDW by 10.6% during the second quarter. Sei Investments Co. now owns 29,927 shares of the information technology services provider’s stock worth $6,699,000 after purchasing an additional 2,867 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of CDW by 20.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,348 shares of the information technology services provider’s stock worth $294,000 after purchasing an additional 231 shares during the last quarter. Bank of Montreal Can increased its holdings in CDW by 4.2% in the second quarter. Bank of Montreal Can now owns 190,507 shares of the information technology services provider’s stock valued at $43,123,000 after purchasing an additional 7,705 shares during the period. Finally, Mill Creek Capital Advisors LLC raised its position in CDW by 24.3% during the 2nd quarter. Mill Creek Capital Advisors LLC now owns 1,345 shares of the information technology services provider’s stock worth $301,000 after purchasing an additional 263 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on CDW. JPMorgan Chase & Co. lowered CDW from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $260.00 to $235.00 in a research report on Monday, October 28th. Citigroup downgraded shares of CDW from a “buy” rating to a “neutral” rating and decreased their target price for the company from $250.00 to $245.00 in a research report on Tuesday, October 1st. Morgan Stanley upped their price objective on shares of CDW from $190.00 to $193.00 and gave the company an “equal weight” rating in a research note on Monday, December 16th. Barclays lowered their target price on shares of CDW from $229.00 to $201.00 and set an “equal weight” rating for the company in a research note on Thursday, October 31st. Finally, UBS Group cut their price target on shares of CDW from $233.00 to $220.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $239.33.

CDW Stock Performance

Shares of CDW stock opened at $194.30 on Thursday. CDW Co. has a 12 month low of $168.43 and a 12 month high of $263.37. The firm has a market capitalization of $25.89 billion, a PE ratio of 23.75, a price-to-earnings-growth ratio of 5.11 and a beta of 1.01. The firm has a fifty day simple moving average of $179.11 and a two-hundred day simple moving average of $204.73. The company has a current ratio of 1.40, a quick ratio of 1.28 and a debt-to-equity ratio of 2.39.

CDW (NASDAQ:CDW) last announced its quarterly earnings results on Wednesday, October 30th. The information technology services provider reported $2.63 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($0.05). The business had revenue of $5.52 billion during the quarter, compared to the consensus estimate of $5.72 billion. CDW had a net margin of 5.33% and a return on equity of 58.31%. CDW’s revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.60 EPS. Analysts forecast that CDW Co. will post 8.99 EPS for the current fiscal year.

CDW Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th were issued a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 1.29%. This is an increase from CDW’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Monday, November 25th. CDW’s payout ratio is currently 30.56%.

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.