Compass Ion Advisors LLC Purchases 280 Shares of CDW Co. (NASDAQ:CDW)

Compass Ion Advisors LLC boosted its stake in CDW Co. (NASDAQ:CDW) by 3.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,294 shares of the information technology services provider’s stock after acquiring an additional 280 shares during the period. Compass Ion Advisors LLC’s holdings in CDW were worth $1,877,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of CDW. Vest Financial LLC purchased a new stake in shares of CDW in the 3rd quarter worth about $206,000. Buckley Wealth Management LLC boosted its holdings in shares of CDW by 4.3% in the third quarter. Buckley Wealth Management LLC now owns 3,028 shares of the information technology services provider’s stock valued at $685,000 after purchasing an additional 124 shares during the period. Capital Investment Advisors LLC lifted its position in CDW by 20.6% during the third quarter. Capital Investment Advisors LLC now owns 5,948 shares of the information technology services provider’s stock valued at $1,346,000 after acquiring an additional 1,015 shares during the last quarter. Net Worth Advisory Group acquired a new position in CDW in the 3rd quarter worth approximately $247,000. Finally, Aaron Wealth Advisors LLC raised its stake in shares of CDW by 20.1% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 1,752 shares of the information technology services provider’s stock valued at $396,000 after buying an additional 293 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

CDW Stock Down 1.3 %

CDW traded down $2.87 on Friday, reaching $218.31. 933,605 shares of the company traded hands, compared to its average volume of 817,209. The stock’s 50 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 52-week low of $185.04 and a 52-week high of $263.37. The company has a market cap of $29.34 billion, a price-to-earnings ratio of 27.25, a PEG ratio of 3.42 and a beta of 1.03.

CDW (NASDAQ:CDW) last issued 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 business had revenue of $5.42 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business posted $2.43 EPS. On average, sell-side analysts expect that CDW Co. will post 9.4 EPS for the current fiscal year.

CDW Dividend Announcement

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

Insider Activity

In other CDW news, insider Christine A. Leahy acquired 1,200 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was acquired at an average price of $216.15 per share, for a total transaction of $259,380.00. Following the acquisition, the insider now directly owns 102,200 shares in the company, valued at $22,090,530. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on CDW. Stifel Nicolaus increased their price objective on shares of CDW from $250.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Barclays dropped their price objective on CDW from $232.00 to $229.00 and set an “equal weight” rating on the stock in a report on Thursday, August 1st. Finally, Citigroup lowered CDW from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $250.00 to $245.00 in a report on Tuesday, October 1st. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $255.00.

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.