Buckley Wealth Management LLC Has $745,000 Stake in CDW Co. (NASDAQ:CDW)

Buckley Wealth Management LLC decreased its stake in shares of CDW Co. (NASDAQ:CDW) by 2.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 2,911 shares of the information technology services provider’s stock after selling 82 shares during the period. Buckley Wealth Management LLC’s holdings in CDW were worth $745,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in CDW. Chesley Taft & Associates LLC boosted its stake in CDW by 6.8% during the 1st quarter. Chesley Taft & Associates LLC now owns 4,952 shares of the information technology services provider’s stock valued at $1,267,000 after purchasing an additional 315 shares during the period. Franklin Street Advisors Inc. NC bought a new stake in shares of CDW in the 1st quarter worth approximately $200,000. Wealthcare Advisory Partners LLC bought a new stake in shares of CDW in the 1st quarter worth approximately $1,403,000. Sunbelt Securities Inc. lifted its position in shares of CDW by 46.2% in the 1st quarter. Sunbelt Securities Inc. now owns 1,458 shares of the information technology services provider’s stock worth $373,000 after acquiring an additional 461 shares during the period. Finally, Atlas Capital Advisors LLC lifted its position in shares of CDW by 2.3% in the 1st quarter. Atlas Capital Advisors LLC now owns 3,901 shares of the information technology services provider’s stock worth $998,000 after acquiring an additional 86 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

CDW Price Performance

CDW stock traded up $0.03 during midday trading on Friday, reaching $224.09. 272,833 shares of the company’s stock traded hands, compared to its average volume of 766,251. The company has a 50-day simple moving average of $227.60 and a two-hundred day simple moving average of $233.59. CDW Co. has a 1-year low of $176.89 and a 1-year high of $263.37. The company has a market cap of $30.12 billion, a price-to-earnings ratio of 27.97, a PEG ratio of 3.29 and a beta of 1.06. The company has a quick ratio of 1.13, a current ratio of 1.26 and a debt-to-equity ratio of 2.35.

CDW (NASDAQ:CDW) last released its quarterly earnings results on Wednesday, May 1st. The information technology services provider reported $1.89 earnings per share for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.15). CDW had a net margin of 5.16% and a return on equity of 67.56%. The business had revenue of $4.87 billion for the quarter, compared to analyst estimates of $4.94 billion. On average, analysts anticipate that CDW Co. will post 9.67 earnings per share 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 given a dividend of $0.62 per share. The ex-dividend date was Thursday, May 23rd. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.11%. CDW’s payout ratio is currently 30.96%.

Analysts Set New Price Targets

CDW has been the subject of a number of research reports. Barclays reduced their price objective on CDW from $261.00 to $232.00 and set an “equal weight” rating for the company in a research report on Thursday, May 2nd. Northcoast Research upgraded CDW from a “neutral” rating to a “buy” rating and set a $270.00 target price for the company in a research report on Friday, June 7th. JPMorgan Chase & Co. cut their target price on CDW from $280.00 to $265.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Evercore ISI raised their target price on CDW from $250.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Finally, Citigroup cut their target price on CDW from $295.00 to $260.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $250.00.

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.